Clever Leaves Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

DEBT (Tables)

DEBT (Tables)

12 Months Ended

Dec. 31, 2022


	December 31, 2022		December 31, 2021
Convertible Note due 2024, current portion(a)	$	—	$	16,559
Herbal Brands Loan due May 2023, current portion	—		470
Other loans and borrowings, current portion	465		479
Total debt, current portion	$	465	$	17,508
Convertible Note due 2024	—		1,140
Herbal Brands Loan due May 2023 (b)	—		4,760
Other loans and borrowings	1,065		1,687
Total debt, long term	$	1,065	$	7,587
Ending balance	$	1,530	$	25,095

(a) Convertible Note, current portion reflects, net of debt discount and debt issuance costs of $nil and $2,197 in December 2022 and 2021, respectively.

(b) Herbal Brand's Loan, non-current is reflected net of debt issuance costs of $410 in as of December 31, 2021

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details