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Term Loan (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Future Principal Payments Due Under the Term Loan

As of June 30, 2022 future principal payments due under the Amended Term Loan were as follows (in thousands):

 

Year Ended December 31,

 

 

 

2022 (remainder)

 

$

 

2023

 

 

 

2024

 

 

 

2025

 

 

16,364

 

2026

 

 

21,818

 

2027

 

 

1,818

 

Total

 

 

40,000

 

Less: unamortized issuance costs
 and exit fee

 

 

(119

)

Term loan, net

 

$

39,881

 

Schedule of Cash Interest Paid and Effective Interest Rate On Term Loan

For the three and six months ended June 30, 2022 and 2021 the cash interest paid and effective interest rate on the Amended Term Loan and Term Loan were as follows:

 

 

Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2022

 

2021

 

 

2022

 

2021

 

Cash interest paid

 

 

9.86

%

 

9.25

%

 

 

9.52

%

 

9.25

%

Effective interest rate

 

 

11.50

%

 

10.90

%

 

 

11.05

%

 

11.09

%