This excerpt taken from the NYFX 10-K filed Mar 16, 2009.
The increase in interest expense during 2008 was primarily attributable to $0.1 million of additional interest related to the $2.5 million convertible note issued in October 2007 and $0.1 million incurred related to increased capital lease obligations.
This excerpt taken from the NYFX 10-K filed Mar 7, 2007.
The decrease in 2005 was primarily attributable to decreases in interest expense on sales tax obligations and on reduced acquisition related notes outstanding, which also incurred accelerated interest in 2004 as a result of defaults relating to SEC reporting obligations. These decreases were partially offset
by an increase in 2005 of $0.4 million associated with the 7.5% convertible note issued on December 30, 2004.
The increase in 2004 was primarily attributable to interest expense associated with sales tax obligations and on acquisition notes due to higher average outstanding principal balances during the year and accelerated interest as a result of defaults relating to SEC reporting obligations.
In 2006, we incurred additional interest of $0.3 million associated with the shares underlying the $7.5 million convertible note not being registered.