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

Jun. 30, 2020

Convertible Notes (at fair value)	$	14,131,000
PPP loan		2,204,600
Subtotal		16,335,600
Less: current maturities		(6,135,364	)
Total long-term debt, less current portion	$	10,200,236

Schedule of maturities of outstanding long-term debt obligations in subsequent years

Fiscal Year ending June 30,
2021	$	6,844,620
2022		12,359,980
Aggregate maturities		19,204,600
Original issue discount on Convertible Notes		(2,040,000	)
Unrealized change in fair value of Convertible Notes		(829,000	)
Long term debt outstanding as of June 30, 2020	$	16,335,600

- 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.

+ References

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+ Details