XML 66 R55.htm IDEA: XBRL DOCUMENT v3.20.2
Debt Obligations - Additional Information (Details) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
Jun. 25, 2020
Jun. 24, 2020
Apr. 27, 2020
Apr. 21, 2020
Feb. 26, 2020
Oct. 31, 2017
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Debt Instrument [Line Items]                      
Loss on extinguishment of MidCap Credit Facility and QNAH Convertible Note             $ (522,394)   $ (522,394)    
Proceeds from Paycheck Protection Program Loan                 1,717,000    
Insurance Note                      
Debt Instrument [Line Items]                      
Debt instrument, interest rate     3.61%                
Loan repayment start date     Jun. 06, 2020                
Loan term     9 months                
Loan prepayment penalties     $ 0                
Down payment on insurance note     200,000                
Premium payable on insurance note     $ 700,000                
SVB Term Loan                      
Debt Instrument [Line Items]                      
Debt discount             1,323,255   1,323,255    
Debt instrument, amortization expense             $ 3,389   $ 3,389    
Debt instrument, principal amount   $ 10,000,000                  
Debt instrument, interest rate   5.75%                  
Extend the interest-only payments   6 months                  
Loan maturity date   Dec. 01, 2023                  
Debt instrument early termination fee percentage   3.00%                  
Debt instrument second anniversary early termination fee percentage   2.00%                  
Debt instrument after second anniversary early termination fee percentage   1.00%                  
Debt instrument final payment percentage   8.00%                  
Debt instrument, covenants unrestricted cash   $ 12,500,000                  
Debt instrument increase in interest on obligation percentage   5.00%                  
Warrant to purchase common stock, shares   643,413                  
Warrant purchase price   $ 0.7771         $ 0.7771   $ 0.7771    
Warrant expiration date   Jun. 24, 2030                  
Fair value of warrants   $ 400,000                  
SVB Term Loan | Prime Rate | Minimum                      
Debt Instrument [Line Items]                      
Debt instrument, interest at floating rate   2.50%                  
Paycheck Protection Program Loan                      
Debt Instrument [Line Items]                      
Debt instrument, interest rate       1.00%              
Loan maturity date       Apr. 21, 2022              
Loan repayment start date       Mar. 21, 2021              
Loan term       14 months              
Loan prepayment penalties       $ 0              
Payroll compensation cost maximum exemption limit       $ 100,000              
Paycheck Protection Program Loan | Small Business Administration                      
Debt Instrument [Line Items]                      
Application for loan forgiveness start period       60 days              
Application for loan forgiveness end period       120 days              
Paycheck Protection Program Loan | Silicon Valley Bank                      
Debt Instrument [Line Items]                      
Proceeds from Paycheck Protection Program Loan       $ 1,717,000              
Paycheck Protection Program Loan | Minimum                      
Debt Instrument [Line Items]                      
Annual salary reduction rate       25.00%              
Paycheck Protection Program Loan | Maximum                      
Debt Instrument [Line Items]                      
Percentage of non-payroll costs forgiven       40.00%              
Salaries and wages       $ 100,000              
Convertible Promissory Note | QIAGEN North American Holdings, Inc.                      
Debt Instrument [Line Items]                      
Cash proceeds from issuance of subordinated notes           $ 3,000,000          
Repayments of aggregate amount $ 3,200,000                    
MidCap Credit Facility                      
Debt Instrument [Line Items]                      
Debt instrument interest only payment period         11 months            
Debt Instrument, Frequency of Periodic Payment                 25 equal monthly installments    
Debt instrument interest only payment period if revenue milestone achieved         4 months            
Debt instrument frequency of periodic payment if revenue milestone achieved                 21 equal monthly installments    
Repayment of outstanding principal and interest $ 7,500,000               $ 7,438,623    
Debt discount                     $ 400,000
Debt instrument, amortization expense             $ 55,291 $ 37,940 93,718 $ 73,114  
MidCap Credit Facility | QIAGEN North American Holdings, Inc.                      
Debt Instrument [Line Items]                      
Loss on extinguishment of MidCap Credit Facility and QNAH Convertible Note             500,000   500,000    
Unamortized discounts             300,000   300,000    
Revolving Credit Facility                      
Debt Instrument [Line Items]                      
Revolving loan cost                     $ 50,970
Amortization of deferred financing costs             $ 3,749 $ 4,013 $ 7,763 $ 7,982