Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Summary of Composition of Debt

The following table presents the composition of debt as of March 31, 2020 and December 31, 2019 (in thousands):

	March 31, 2020			December 31, 2019
Outstanding principal	$	35,000		$	30,000
Accrued final payment fees		1,925			1,838
Less debt discounts		(2,715	)		(690	)
Total long-term debt, net		34,210			31,148
Less current portion of long-term debt		-			(11,250	)
Long-term debt, net	$	34,210		$	19,898

Summary of Future Principal Payments

Based on the current amortization of the outstanding principal amounts of the Term A Loan beginning on April 1, 2022 as discussed above, the following table sets forth by year the Company’s required future principal payments (in thousands):

Year:	Principal Payments
2022	$	8,750
2023		11,667
2024		11,667
2025		2,916
Total principal payments	$	35,000