Subsequent Events

3 Months Ended

Mar. 31, 2020

Subsequent Events [Abstract]

Subsequent Events

18. SUBSEQUENT EVENTS

On April 8, 2020 the Company adopted a plan to significantly reduce operating expenses in connection with the COVID-19 pandemic and the resulting economic downturn (the “Plan”). The Plan included a significant reduction in force across all functions within the Company (the “RIF”).    The Company estimates that it will pay and record one-time separation-related charges for the RIF equal to approximately $2.1 million. In the second quarter of 2020, the Company may also incur other charges or cash expenditures not currently contemplated due to events that may occur as a result of, or associated with, the Plan.

The Company applied for and received a $6.4 million loan in April 2020 under the Paycheck Protection Program (the “PPP”) established by the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) on March 27, 2020.  Due to questions concerning the eligibility of public companies similarly situated as the Company, on May 1, 2020, the Company notified Silicon Valley Bank, the lender of its PPP loan, of its intention to repay the PPP loan.  The Company intends to repay the PPP loan on or before May 7, 2020.