Akerna Corp. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Long Term Debt (Tables)

Long Term Debt (Tables)

12 Months Ended

Dec. 31, 2021

Convertible notes (at fair value)	$	17,305,000
Less: current maturities		13,200,000
Total long-term debt, less current portion	$	4,105,000

Schedule of maturities of our debt

Year ending December 31:
2022	$	13,200,000
2023		6,800,000
Aggregate maturities		20,000,000
Original issue discount on Convertible Notes		(2,000,000	)
Unrealized change in fair value of Convertible Notes		(695,000	)
Total debt outstanding as of December 31, 2021	$	17,305,000
Current portion		13,200,000
Noncurrent portion		4,105,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details