LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2019

LONG-TERM DEBT.

Schedule of key assumptions

The Company estimated the fair value of the Hercules Warrant using the Black-Scholes model based on the following key assumptions:

Exercise Price	$	4.08
Common share price on date of issuance	$	6.80
Volatility		195.9	%
Risk-free interest rate		2.63	%
Expected dividend yield		--	%
Contractual term (in years)		7.00 years

Schedule of long-term debt

Long-term debt as of December 31, 2019, is as follows (in thousands):

	December 31,
	2019
Long-term debt	$	30,000
End of term fee		975
		30,975
Less: unamortized debt issuance costs		(2,005)
		28,970
Less: Current portion		—
Long-term debt non-current	$	28,970