v3.23.2
FINANCING ARRANGEMENTS (Tables)
6 Months Ended
Jun. 30, 2023
FINANCING ARRANGEMENTS  
Long term debt and the unamortized discount

The book value of debt approximates its fair value given its maturity and variable interest rate. Long term debt and the unamortized discount balances are as follows:

​

​

​

​

​

​

​

(In thousands)

    

June 30, 2023

    

December 31, 2022

Outstanding principal amount

​

$

27,852

​

$

30,709

Add: accreted liability of final payment fee

​

 

497

​

 

407

Less: unamortized debt discount, long-term

​

 

(564)

​

 

(990)

Less: current portion of long-term debt principal

​

 

(11,689)

​

 

(9,491)

Debt – net of current portion

​

$

16,096

​

$

20,635

Current portion of long-term debt – principal

​

​

11,689

​

​

9,491

Less: current portion of unamortized debt discount

​

$

(1,023)

​

$

(1,188)

Debt – current portion

​

$

10,666

​

$

8,303

Scheduled principal payments on total outstanding debt

Scheduled principal payments on total outstanding debt as of June 30, 2023 and December 31,2022 are as follows:

​

​

​

​

​

​

​

(In thousands)

    

June 30, 2023

    

December 31, 2022

2023

​

$

5,476

​

$

9,491

2024

​

 

12,931

​

 

13,007

2025

​

 

9,047

​

 

8,020

2026

​

 

398

​

 

191

​

​

$

27,852

​

$

30,709