Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.20.2
Debt (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Summary of Debt Obligations
A summary of the Company's various debt obligations is set forth below:


September 30, 2020 December 31, 2019
Series A Note (principal amount) $ 3,201  $ — 
Series B Note (principal amount) 1,013  — 
Paycheck Protection Program Loan 2,850  — 
Convertible notes 250  250 
Promissory notes 905  855 
Related-party bridge loans 360  — 
Note payable 67  — 
Total debt $ 8,646  $ 1,105 
Debt discount - warrants (2020 Convertible Notes) (1,681) — 
Debt discount - issuance costs (2020 Convertible Notes) (445) — 
Less: current maturities of long-term debt (1,693) — 
Less: related-party debt (555) (195)
Long-term debt $ 4,272  $ 910 
Summary of Calculated Aggregate Fair Values and Assumptions
The following table sets forth the assumptions used and calculated aggregated fair values of the liability classified warrants:


September 30, 2020 July 15, 2020
Strike price per share $ 4.00  $ 4.00 
Closing price per share $ 0.92  $ 1.44 
Term (years) 2.78 3
Volatility 155  % 177  %
Risk-free rate 0.16  % 0.18  %
Dividend Yield — —
Summary of Interest Expense
The following table sets forth interest expense for the Company's various debt obligations included on the condensed consolidated statements of operations:

Three Months Ended September 30, Nine Months Ended September 30,
2020 2019 2020 2019
2020 Convertible Notes $ 279  $ —  $ 279  $ — 
Accretion of debt discount - issuance costs 185  —  370  — 
Accretion of debt discount - warrants 805  —  805  — 
Senior Convertible Note 3  —  197  — 
Factoring financing agreement 44  140  141  472 
All other debt and financing obligations 46  5  131  12 
Total $ 1,362  $ 145  $ 1,923  $ 484