Quarterly report pursuant to Section 13 or 15(d)

Equity and Mezzanine Equity (Tables)

v3.22.2.2
Equity and Mezzanine Equity (Tables)
9 Months Ended
Sep. 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 nine months ended September 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 
   Accretion of Preferred Stock discount 125 
   Undeclared dividends 2,118 
Balance September 30, 2022 $ 99,276 
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 
  Accretion of Preferred Stock discount 124 
  Undeclared dividends 2,042 
Balance September 30, 2021 $ 88,772 
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.
September 30, 2022
Outstanding shares Potential Dilutive Shares
Common units 144,942  144,942 
Series B Preferred Stock 2,301,337  1,438,336 
Series D Preferred Stock 3,152,392  6,564,015 
Warrants to purchase Common Stock —  1,558,134 
Convertible Notes —  33,237,579 
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 September 30, 2022
$ 2,118  $ 0.67 
For the nine months ended September 30, 2022
$ 6,354  $ 2.01 
For the three months ended September 30, 2021 $ 2,042  $ 0.67 
For the nine months ended September 30, 2021 $ 6,195  $ 2.01