Annual report pursuant to Section 13 and 15(d)

Equity and Mezzanine Equity (Tables)

v3.22.4
Equity and Mezzanine Equity (Tables)
 12 Months Ended
Dec. 31, 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 years ended December 31, 2022 and 2021 is as follows (in thousands):
Series D Preferred
Balance December 31, 2020 $ 95,563 
   Accretion of Preferred Stock discount 513 
   Undeclared dividends 8,237 
   Paid-in-kind interest, issuance of Preferred Stock 1,610 
   Redemption of Preferred Stock (13,375)
Balance December 31, 2021 92,548 
  Accretion of Preferred Stock discount 498 
  Undeclared dividends 8,472 
Balance December 31, 2022 $ 101,518 
Schedule of antidilutive securities excluded from computation of earnings per share
December 31, 2022 December 31, 2021
Outstanding shares Potential Dilutive Shares Outstanding shares Potential Dilutive Shares
Common units 144,942  144,942  215,343  215,343 
Series B Preferred Stock 3,379,142  2,111,964  1,872,448  1,170,280 
Series D Preferred Stock 3,152,392  6,688,898  3,152,392  6,189,366 
Warrants to purchase Common Stock —  1,558,134  —  1,558,134 
Convertible Notes —  38,562,586  —  31,801,297 
Schedule of dividends declared
The following table summarizes the Series D Preferred dividends (in thousands except for per share amounts):    
Series D Preferred
Record Date/Arrears Date Arrears Per Share
For the year ended December 31, 2022 $ 8,472  $ 2.69 
For the year ended December 31, 2021 $ 8,167  $ 2.59 
Share-based payment arrangement cost
On June 15, 2016, the Company's stockholders approved the 2016 Long-Term Incentive Plan (the "2016 Incentive Plan"). The 2016 Incentive Plan allows for issuance of up to 625,000 shares of the Company's Common Stock to employees, directors, officers and consultants for services rendered to the Company.
For the Years Ended December 31, Shares Issued Market Value
(in thousands)
2022 —  $ — 
2021 5,000  14