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Debt Obligations (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Current Portion of Long-term Debt, Net

Current portion of long-term debt consisted of the following as of the dates indicated:

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

SVB Term Loan

 

$

5,882,353

 

 

$

5,000,000

 

2022 Insurance Note

 

 

732,464

 

 

 

 

2021 Insurance Note

 

 

 

 

 

167,586

 

 

 

$

6,614,817

 

 

$

5,167,586

 

 

Schedule of Long Term Debt, Net of Current Portion and Discount and Debt Issuance Costs

Long-term debt, net of current portion, discount and debt issuance costs, consisted of the following as of the dates indicated:

 

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

SVB Term Loan, net of discount and debt issuance costs

 

$

2,023,579

 

 

$

5,178,629

 

 

Schedule of Remaining Principal Repayments due Under SVB Term Loan he principal repayment schedule under the SVB Term Loan as of June 30, 2022 was as follows for each fiscal year:

2022

 

$

4,264,706

 

2023

 

 

3,235,294

 

Total SVB Term Loan payments

 

 

7,500,000

 

Less discount and deferred financing costs

 

 

(394,068

)

Plus final fee premium

 

 

800,000

 

Total SVB Term Loan, net

 

$

7,905,932