SIML shows total toxic debt owed in their 6/30/19 10Q of $1,058,247 net of discount of $662k. But they paid off $2M? That's way more than they show is owed. Either the pre-payment penalties paid were humongous or they've got way more toxic debt than they're fessing up to. Either way, it doesn't add up.
However, if the discount is actually added back in for what's actually owed, then $2M comes close to paying all of it off, if not for the penalties.
The 2 back-to-back recent A/S increases which time hopefully proves only a temporary and required measure perfectly explained by CEO Hylen right Sterling cheers!