General form of registration statement for all companies including face-amount certificate companies

Financing Arrangements (Tables)

v3.22.1
Financing Arrangements (Tables) - Rigetti Computing, Inc
3 Months Ended
Mar. 31, 2022
Short-term Debt [Line Items]  
Long term debt and the unamortized discount
The book value of debt approximates its fair value given its maturity and variable interest rate. Long term debt and the unamortized discount balances are as follows:
 
    
March 31,
2022
    
December 31,
2021
 
    
(in thousands)
 
Outstanding principal amount
   $ 32,000      $ 27,000  
Add: accreted liability of final payment fee
     188        125  
Less: unamortized debt discount, long term
     (1,421      (1,618
Less: current portion of long term debt - principal
     (3,089      (1,291
  
 
 
    
 
 
 
Debt—net of current portion
   $ 27,678      $ 24,216  
  
 
 
    
 
 
 
Current portion of long term debt - principal
   $ 3,089      $ 1,291  
Less: current portion of unamortized debt discount
     (724      (716
  
 
 
    
 
 
 
Debt—current portion
   $ 2,365      $ 575  
  
 
 
    
 
 
 
Scheduled principal payments on total outstanding debt
Scheduled principal payments on total outstanding debt, as of March 31, 2022, are as follows:
 
    
March 31,
2022
    
December 31,
2021
 
    
(in thousands)
 
2022
   $ 702      $ 702  
2023
     9,273        8,682  
2024
     12,914        11,008  
2025
     8,734        6,608  
2026
     377        —    
  
 
 
    
 
 
 
   $ 32,000      $ 27,000