Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE AND DEBT INSTRUMENTS (Tables)

v3.22.2
NOTES PAYABLE AND DEBT INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2022
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 June 30, Six months ended June 30,
2022 2021 2022 2021
Contractual interest expense $ —  $ 902  $ —  $ 1,783 
Amortization of deferred financing costs —  439  —  1,080 
Effective interest rate —  % 9.0  % —  % 9.0  %