Akerna Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Long Term Debt (Tables)

Long Term Debt (Tables)

12 Months Ended

Dec. 31, 2023

Long-term debt consisted of the following:

	As of December 31,
	2023			2022
Total long-term debt	$	5,149,000		$	14,607,000
Less: current maturities		(5,149,000	)		(13,200,000	)
Total long-term debt, less current portion	$	—		$	1,407,000

Schedule of Maturities of debt

Maturities of our debt as of December 31, 2023 are presented below.

Maturities due for the Senior Convertible Notes during 2024	$	3,136,271
Maturities due for the Amended and Restated Secured Promissory Note during 2024		1,650,000
Original issue discount of the Senior Convertible Notes		(2,000,000	)
Cumulative unrealized change in fair value of the Senior Convertible Notes		2,362,729
Total debt outstanding	$	5,149,000

- 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