Quarterly report pursuant to Section 13 or 15(d)

Equity and Mezzanine Equity (Tables)

v3.22.2
Equity and Mezzanine Equity (Tables)
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of changes in carrying value of Series D Preferred The changes in the carrying value of the Series D Preferred for the six months ended June 30, 2022 and 2021 are as follows (in thousands, unaudited):
Series D Preferred
Balance December 31, 2021 $ 92,548 
   Accretion of Preferred Stock discount 125 
   Undeclared dividends 2,118 
Balance March 31, 2022 94,791 
   Accretion of Preferred Stock discount 124 
   Undeclared dividends 2,118 
Balance June 30, 2022 $ 97,033 
Series D Preferred
Balance December 31, 2020 $ 95,563 
   Accretion of Preferred Stock discount 140 
   Undeclared dividends 2,111 
   Redemption of Preferred Stock (10,493)
Balance March 31, 2021 87,321 
   Accretion of Preferred Stock discount 125 
   Undeclared dividends 2,042 
   Redemption of Preferred Stock (2,882)
Balance June 30, 2021 $ 86,606 
Schedule of potentially dilutive shares The following table summarizes the potential dilution of conversion of common units, Series B Preferred, Series D Preferred, warrants and Convertible Notes into the Company's Common Stock. These have been excluded from the Company’s diluted earnings per share calculation because their inclusion would be antidilutive.
June 30, 2022
Outstanding shares Potential Dilutive Shares
Common units 145,723  145,723 
Series B Preferred Stock 2,301,337  1,438,336 
Series D Preferred Stock 3,152,392  6,439,132 
Warrants to purchase Common Stock —  1,558,134 
Convertible Notes —  25,078,898 
Schedule of summary of preferred stock dividends The following table summarizes the Series D Preferred dividends (unaudited, in thousands except for per share amounts):
Series D Preferred
Record Date/Arrears Date Arrears Per Share
For the three months ended June 30, 2022
 $ 2,118  $ 0.67 
For the six months ended June 30, 2022
 $ 4,236  $ 1.34 
For the three months ended June 30, 2021 $ 2,042  $ 0.67 
For the six months ended June 30, 2021 $ 4,153  $ 1.34