Akerna Corp. Transition report pursuant to Rule 13a-10 or 15d-10

Transition report pursuant to Rule 13a-10 or 15d-10

Long Term Debt (Tables)

Long Term Debt (Tables)

6 Months Ended

Dec. 31, 2020

Convertible Notes (at fair value)	$	13,398,000
PPP loan		2,204,600
Subtotal		15,602,600
Less: current maturities		(11,707,363	)
Total long-term debt, less current portion	$	3,895,237

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

Year ending December 31,
2021	$	11,707,363
2022		5,669,965
Aggregate maturities		17,377,328
Original issue discount on Convertible Notes		(2,040,000	)
Unrealized change in fair value of Convertible Notes		265,272
Long term debt outstanding as of December 31, 2020	$	15,602,600

- 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.

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+ Details