| Convertible Promissory Notes |
The
Convertible Promissory Notes (debt host) are not subject to Subtopic 480-10.
|
(in thousands)
|
|
September 30, 2024
|
|
|
December 31, 2023
|
|
|
Convertible Promissory Notes
|
|
|
|
|
|
|
|
Notes 1 to 7
|
|
$
|
5,340.0
|
|
|
$
|
5,340.0
|
|
|
Notes 8 to 12
|
|
|
17,500.0
|
|
|
|
17,500.0
|
|
|
Notes 13 to 20
|
|
|
17,860.0
|
|
|
|
17,860.0
|
|
|
Notes 21 to 23
|
|
|
7,455.0
|
|
|
|
-
|
|
|
Digital World Convertible Notes
|
|
|
50,103.0
|
|
|
|
-
|
|
|
Total
|
|
|
98,258.0
|
|
|
|
40,700.0
|
|
|
Debt Issuance costs
|
|
|
(240.0
|
)
|
|
|
(240.0
|
)
|
|
Carrying value of Convertible Promissory Notes
|
|
|
98,018.0
|
|
|
|
40,460.0
|
|
|
Less: Derivative liability component
|
|
|
(37,234.8
|
)
|
|
|
(37,234.8
|
)
|
|
Liability component at date of issue
|
|
|
60,783.2
|
|
|
|
3,225.2
|
|
|
Interest charged
|
|
|
44,781.6
|
|
|
|
42,121.8
|
|
|
Loss on extinguishment of debt
|
|
|
542.3
|
|
|
|
-
|
|
|
Total liability component
|
|
|
106,107.1
|
|
|
|
45,347.0
|
|
|
Less: Conversion to Paid in Capital
|
|
|
(106,107.1
|
)
|
|
|
-
|
|
|
Less: Short-term liability component
|
|
|
-
|
|
|
|
(41,818.8
|
)
|
|
Liability component at September 30, 2024 and December 31, 2023
|
|
$
|
-
|
|
|
$
|
3,528.2
|
|
|
|
|
|
|
|
|
|
|
|
|
Embedded feature component
|
|
|
|
|
|
|
|
|
|
Derivative liability component
|
|
$
|
37,234.8
|
|
|
$
|
37,234.8
|
|
|
Change in fair value of embedded derivative
|
|
|
207,084.1
|
|
|
|
(18,832.0
|
)
|
|
Total Derivative Liability Component
|
|
|
244,318.9
|
|
|
|
18,402.8
|
|
|
Less: Conversion to Paid in Capital
|
|
|
(244,318.9
|
)
|
|
|
-
|
|
Less: Short-term derivative liability component
|
|
|
- |
|
|
|
(17,282.5 |
) |
|
Derivative Liability Component at September 30, 2024 and December 31, 2023
|
|
$
|
-
|
|
|
$
|
1,120.3
|
|
|