Company: LDWY
Filing Date: 2025-08-28
Form Type: 10-KT
Source: 0001558370-25-011807
Chunk: 70

Company: LENDWAY, INC.
Filing Date: 2025-08-28
Form: 10-KT
Chunk 70
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 within prepaid expenses and other current assets in the consolidated balance sheet. The Company incurred $ 819,000and $ 1,605,000of interest expense on the term loans and revolving facility in the six months ended June 30, 2025 and calendar year 2024, respectively. The Company incurred non-cash paid-in-kind interest of $ 818,000and $ 1,331,000on the seller notes facility in the six months ended June 30, 2025 and calendar year 2024, respectively. Term loan, revolving credit facility and paid-in-kind interest are included in interest expense (income), net on the consolidated statements of operations and comprehensive income (loss).

<div align='center'>F-21</div>

The combined aggregate maturities for the fiscal years following June 30, 2025 are as follows:

| ​          | ​ | ​ |          ​ |
|:-----------|:--|:--|-----------:|
| 2026       | ​ | $ |  1,870,000 |
| 2027       | ​ |   |  1,861,000 |
| 2028       | ​ |   |  1,826,000 |
| 2029       | ​ |   | 25,192,000 |
| 2030       | ​ | ​ |     30,000 |
| Thereafter | ​ |   |     17,000 |
| ​          | ​ | $ | 30,796,000 |

11. Stockholders’ Equity.

Stock-Based Compensation. The Company’s stock-based compensation plans are administered by the Compensation Committee of the Board of Directors, which, subject to approval by the Board of Directors, selects persons to receive awards and determines the number of shares subject to each award and the terms, conditions, performance measures and other provisions of the award.

Stock-based compensation expense that was recognized in the continuing operations of the Company’s consolidated statements of operations for the six months ended June 30, 2025 and calendar years 2024 and 2023 was $, $, and $, respectively. There was stock-based compensation for discontinued operations for the six months ended June 30, 2025 and calendar year 2024, and $ in calendar year 2023.

The Company uses the Black-Scholes option pricing model to estimate fair value of stock-based awards with the following weighted-average assumptions:

| ​                       | ​ |    ​ | ​ |    ​