Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.24.1
Debt (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Debt
Long-term debt consisted of the following at the dates indicated (amount in thousands):
December 31,
2023		 December 31,
2022
3.75% Small Business Administration installment loan due May 2050
 $ 117  $ 151 
Convertible note payable, less unamortized costs $129
 3,372  — 
Director and Officer (D&O) insurance policy promissory note1
179 246
Executive and Officer (E&O) insurance policy promissory note2
215  296 
Total debt 3,883  693 
Long-term debt, current portion (416) (564)
Long-term debt, net of current portion $ 3,467  $ 129 
(1) The 2023 D&O note carries a 6.85% interest rate and is payable quarterly with the last quarterly payment due in July 2024. The 2022 D&O note carried a 6.0% interest rate and final payment was made in April 2023.
(2) The October 2023 E&O note carries 13.50% interest rate and is payable monthly with the last monthly payment being due in August 2024. The October 2022 E&O note carried a 9.0% interest rate and final payment was made in August 2023.
Schedule of Debt Maturities and Principal Amortization Debt maturities and principal amortization of our consolidated existing debt as of December 31, 2023 for the next five years and thereafter are as follows (in thousands):
Calendar Year Amount
2024 $ 394 
2025 3,372 
2026 — 
2027 — 
2028 — 
Thereafter 117
Total $ 3,883