Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE AND DEBT INSTRUMENTS (Tables)

v3.21.2
NOTES PAYABLE AND DEBT INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Summary of the Convertible Notes
The following provides a summary of the interest expense of PCT’s convertible debt instruments (in thousands):
Three months ended September 30, Nine months ended September 30,
2021 2020 2021 2020
Contractual interest expense $ 906  $ —  $ 2,689  $ — 
Amortization of deferred financing costs 466  —  1,546  — 
Effective interest rate 9.0  % —  % 9.0  % —  %
The following provides a summary of the convertible notes (in thousands):
As of
September 30, 2021 December 31, 2020
Unamortized deferred issuance costs $ 2,010  $ 3,288 
Net carrying amount 59,670  56,712 
Fair value $ 123,332  $ 123,532 
Fair value level Level 3 Level 3
Summary of Revenue Bonds
(in thousands)
Bond Series Term Principal Amount Interest Rate Maturity Date
2020A A1 $ 12,370  6.25  % December 1, 2025
2020A A2 $ 38,700  6.50  % December 1, 2030
2020A A3 $ 168,480  7.00  % December 1, 2042
2020B B1 $ 10,000  10.00  % December 1, 2025
2020B B2 $ 10,000  10.00  % December 1, 2027
2020C C1 $ 10,000  13.00  % December 1, 2027