Debt Obligations (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Current Portion of Long-term Debt, Net

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

	September 30,		December 31,
	2020		2019
Convertible note, net of debt issuance costs	$	—	$	2,987,667
SVB Term Loan payable, net of discount and debt issuance costs		1,000,000		—
PPP Loan		855,990		—
Insurance Note Payable		410,894		—
	$	2,266,884	$	2,987,667

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

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

	September 30,		December 31,
	2020		2019
MidCap Term Loan payable, net of discount and debt issuance costs	$	—	$	6,871,545
SVB Term Loan payable, net of discount and debt issuance costs		8,585,975		—
PPP Loan		861,010		—
	$	9,446,985	$	6,871,545

Schedule of Remaining Principal Repayments due Under SVB Term Loan

The remaining principal repayments due under the SVB Term Loan as of September 30, 2020 are as follows for each fiscal year:

2020	$	-
2021		2,000,000
2022		4,000,000
2023		4,000,000
Total SVB Term Loan payments		10,000,000
Less discount and deferred financing costs		(1,214,025	)
Plus final fee premium		800,000
Total SVB Term Loan, net	$	9,585,975