| SCHEDULE OF TRANCHES OF DEBT |
The
details of each of these seven tranches are summarized in the table below:
SCHEDULE OF TRANCHES OF DEBT
| Description | | |
Date | | |
Face
Amount | | |
OID | | |
Gross
Proceeds | | |
Conversion Price | | |
Principal Payment Starting Date * | |
# of Warrants | | |
Exercise Price | | |
Expiration Date | | |
Transaction Costs | |
| 1st Tranche | | |
| Jun-22 | | |
$ | 14,025 | | |
| 10 | % | |
$ | 12,750 | | |
$ | 11,100.00 | | |
Sep-22 | |
| 91 | | |
$ | 12,210.00 | | |
| Dec-25 | | |
$ | 1,635 | |
| 2nd Tranche | | |
| Jan-23 | | |
| 5,077 | | |
| 10 | % | |
| 4,615 | | |
| 6,200.00 | | |
Jul-23 | |
| 59 | | |
| 6,200.00 | | |
| Dec-25 | | |
| 326 | |
| 3rd Tranche | | |
| Oct-23 | | |
| 2,750 | | |
| 10 | % | |
| 2,500 | | |
| 2,358.00 | | |
Jan-24 | |
| 689 | | |
| 2,358.00 | | |
| Apr-27 | | |
| 32 | |
| 4th Tranche | | |
| Nov-23 | | |
| 2,750 | | |
| 10 | % | |
| 2,500 | | |
| 810.00 | | |
May-24 | |
| 2,207 | | |
| 810.00 | | |
| May-27 | | |
| 30 | |
| 5th Tranche | | |
| Feb-24 | | |
| 1,100 | | |
| 10 | % | |
| 1,000 | | |
| 192.60 | | |
Aug-24 | |
| 3,712 | | |
| 211.86 | | |
| Aug-27 | | |
| 50 | |
| 6th Tranche | | |
| Apr-24 | | |
| 550 | | |
| 10 | % | |
| 500 | | |
| 146.70 | | |
Oct-24 | |
| 2,437 | | |
| 162.00 | | |
| Oct-27 | | |
| 31 | |
| 7th Tranche | | |
| May-24 | | |
| 833 | | |
| 10 | % | |
| 750 | | |
| 90.00 | | |
Nov-24 | |
| 6,016 | | |
| 11.00 | | |
| Nov-27 | | |
| 3 | |
| * |
-principal
payments are due to be made in 25 equal installments. |
The
details of each of these tranches are summarized in the table below:
| Description | |
Date | | |
Face Amount | | |
Original Issue Discount | | |
Gross Proceeds | | |
Conversion Price | | |
Principal Payment Starting Date * | |
No. of Warrants | | |
Exercise Price | | |
Expiration Date | |
Transaction Costs | |
| Jan-25 Tranche | |
| Jan-25 | | |
$ | 7,700 | | |
| 10 | % | |
$ | 7,000 | | |
$ | 23.58 | | |
Apr-25 | |
| 212,256 | | |
$ | 25.938 | | |
Jul-28 | |
$ | 290 | |
| Mar-25 Tranche | |
| Mar-25 | | |
| 1,320 | | |
| 10 | % | |
| 1,188 | | |
| 17.91 | | |
Jul-25 | |
| 47,906 | | |
| 17.910 | | |
Sep-28 | |
| - | |
| May-25 Tranche | |
| May-25 | | |
| 110 | | |
| 10 | % | |
| 100 | | |
| 17.91 | | |
Sep-25 | |
| 4,889 | | |
| 17.910 | | |
Nov-28 | |
| - | |
| Jul-25 Tranche | |
| Jul-25 | | |
| 833 | | |
| 10 | % | |
| 750 | | |
| 6.74 | | |
Oct-25 | |
| 80,354 | | |
| 6.741 | | |
Jan-29 | |
| - | |
| Sep-25 Tranche | |
| Sep-25 | | |
| 550 | | |
| 10 | % | |
| 495 | | |
| 2.41 | | |
Dec-25 | |
| 148,340 | | |
| 2.650 | | |
Sep-29 | |
| - | |
| Oct-25 Tranche (a) | |
| Oct-25 | | |
| 7,700 | | |
| 10 | % | |
| 6,930 | | |
| 2.41 | | |
Dec-25 | |
| 2,076,763 | | |
| 2.410 | | |
Apr-29 | |
| - | |
| Jan-26 Tranche (b) | |
| Jan-26 | | |
| 7,000 | | |
| 10 | % | |
| 6,300 | | |
| 2.41 | | |
Mar-26 | |
| 3,013,245 | | |
| 2.410 | | |
Jul-29 | |
| - | |
| * |
-principal
payments are due to be made in 25 equal installments. |
|
| SCHEDULE OF OUTSTANDING DEBENTURES |
Debentures
consisted of the following for the periods presented (in thousands):
SCHEDULE OF OUTSTANDING DEBENTURES
| Description | |
Maturity | | |
Interest Rate | | |
March 31, 2026 | | |
December 31, 2025 | |
| Principal (First Tranche Debentures) | |
| December 2024 | | |
| 5.00% - 8.00 | % | |
$ | 25 | | |
$ | 25 | |
| Principal (Second Tranche Debentures) | |
| July 2025 | | |
| 5.00% - 8.00 | % | |
| 25 | | |
| 25 | |
| Principal (Fourth Tranche Debentures) | |
| June 2026 | | |
| 5.00% - 8.00 | % | |
| 8 | | |
| 8 | |
| Principal (May 2025 Tranche Debentures) | |
| May 2026 | | |
| 5 | % | |
| 86 | | |
| 86 | |
| Principal (July 2025 Tranche Debentures) | |
| July 2026 | | |
| 5 | % | |
| 814 | | |
| 833 | |
| Principal (September 2025 Tranche Debentures) | |
| September 2026 | | |
| 5 | % | |
| 550 | | |
| 550 | |
| Principal (October 2025 Tranche Debentures) | |
| October 2026 | | |
| 5 | % | |
| 7,700 | | |
| 7,700 | |
| Principal (January 2026 Tranche Debentures) | |
| January 2027 | | |
| 5 | % | |
| 7,000 | | |
| - | |
| Principal | |
| January 2027 | | |
| 5 | % | |
| 7,000 | | |
| - | |
| Debt issuance costs and discounts | |
| | | |
| | | |
| (3,695 | ) | |
| (2,788 | ) |
| Total Debentures (current) | |
| | | |
| | | |
$ | 12,513 | | |
$ | 6,439 | |
|