Better Choice Company Inc. 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

Debt Disclosure [Abstract]

Schedule of Components of Debt

The components of the Company’s debt consist of the following (in thousands):

Schedule of Components of Debt

	March 31, 2024				December 31, 2023
	Amount		Rate	Maturity date	Amount		Rate	Maturity date
Term loan, net	$	3,054	(1)	6/21/2026	$	2,881	(1)	6/21/2026
Line of credit, net	$	2,171	(2)	6/21/2025	$	1,741	(2)	6/21/2025
Total debt		5,225				4,622
Less current portion		5,225				4,622
Total long-term debt	$	—			$	—

(1)	Interest at a fixed rate of 10.00% per annum.
(2)	Interest at a variable rate of the daily U.S. Federal Funds Rate plus 250 basis points with an interest rate floor of 5.50% per annum.

Schedule of Future Debt Maturities

Future debt maturities as of March 31, 2024 and for succeeding years are as follows (in thousands):

Schedule of Future Debt Maturities

Year ending December 31:
2024	$	5,379
2025		—
2026		—
Total	$	5,379

- 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