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Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of debt valuation assumptions
The assumptions used in the Black-Scholes option-pricing model were determined as follows:
December 31, 2020
Volatility96.30 %
Risk-free interest rate0.65 %
Weighted average expected life (in years)5.42
Dividend yield%
The assumptions used in the Black-Scholes option-pricing model remain unchanged and are determined as follows:
Volatility98.01 %
Risk-free interest rate1.58 %
Expected life (in years)7
Dividend yield0 %
Schedule of carrying amounts of debt
The net carrying amounts of the liability components consisted of the following (in thousands):

December 31,
20212020
Principal$39,194 $50,001 
Less: debt discount(3,402)(4,282)
Net carrying amount$35,792 $45,719 
Schedule of interest expense recognized The following table sets forth total interest expense recognized related to the 2024 Notes (in thousands):
December 31,
20212020
Contractual interest expense$7,052 $6,429 
Accretion of debt discount880 750 
Total$7,932 $7,179