Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.21.1
Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Summary of Debt Obligations
The following table sets forth our various debt obligations:
December 31,
2020 2019
Series A Note (principal amount) $ 2,481  $ — 
Series B Note (principal amount) 3,585  — 
Paycheck Protection Program Loan 2,850  — 
Convertible Notes 250  250 
Promissory Notes 905  855 
Total debt $ 10,071  $ 1,105 
Debt discount - warrants (2020 Convertible Notes) (1,029) — 
Debt discount - issuance costs (2020 Convertible Notes) (650) — 
Less: current maturities of long-term debt (4,435) — 
Less: related-party debt (195) (195)
Long-term debt $ 3,762  $ 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:

December 31, 2020 July 15, 2020
Strike price per share $ 4.00  $ 4.00 
Closing price per share $ 1.26  $ 1.44 
Term (years) 2.53 3
Volatility 146  % 177  %
Risk-free rate 0.17  % 0.18  %
Dividend Yield
Summary of Change in Fair Value of Warrant Liability A summary of the change in fair value of the warrant liability is set forth below:
2020
Balance, beginning of period $ — 
Warrant issued 2,486 
Change in fair value of warrant liability (872)
Balance, end of period $ 1,614 
Summary of Interest Expense
The following table sets forth interest expense for our various debt obligations included on the consolidated statements of operations and comprehensive loss:
Year Ended December 31,
2020 2019
2020 Convertible Notes $ 722  $ — 
Accretion of debt discount - issuance costs 686  — 
Accretion of debt discount - warrants 1,457  — 
Senior Convertible Note 197  — 
Factoring financing agreement 175  555 
All other debt and financing obligations 176  26 
Total $ 3,413  $ 581