Assure Holdings Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

DEBT (Tables)

3 Months Ended

Mar. 31, 2024


	March 31,		December 31,
	2024		2023
Face value of convertible debt	$	3,450	$	3,450
Less: principal converted to common shares		(394)		(60)
Less: deemed fair value ascribed to conversion feature and warrants		(859)		(1,523)
Plus: accretion of implied interest		851		1,467
Total convertible debt		3,048		3,334

Face value of Centurion debt		10,918		11,000
Less: deemed fair value ascribed to warrants		(1,204)		(1,204)
Plus: accretion of implied interest		851		776
Less: unamortized debt issuance costs		(187)		(227)
Total Centurion debt		10,378		10,345
Total debt		13,426		13,679
Less: current portion of debt		(13,426)		(13,679)
Long-term debt	$	—	$	—

Schedule of accretion expense and interest expense related to debt obligations


	Three Months Ended March 31,
	2024		2023
Accretion expense
Convertible debt	$	27	$	95
Centurion debt		75		75
	$	102	$	170

Debt issuance cost amortization
Centurion debt	$	40	$	39

Interest paid
Convertible debt	$	—	$	174
Centurion debt		668		376
	$	668	$	550

Schedule of future minimum principal payments

As of March 31, 2024, future minimum principal payments are summarized as follows (in thousands):


	Convertible
		Debt	Debenture
Principal due in 2024	$	3,056	$	10,918
Less: fair value ascribed to conversion feature and warrants		(859)		(1,204)
Plus: accretion and implied interest		851		851
Less: debt issuance costs		—		(187)
	$	3,048	$	10,378

- 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