Credit Agreement and Guaranty (Tables)

9 Months Ended

Sep. 30, 2022

Credit Agreement and Guaranty

Schedule of carrying amount of term loan

The fair value of the warrants as well as the debt issue costs incurred in connection with the entry into the Perceptive Credit Agreement, including a facility fee of 1% of the total amount of loans available under the facility, are presented as a direct deduction from the carrying amount of the term loan on the consolidated balance sheet as detailed below (in thousands).

	September 30,		December 31,
	2022		2021
Notes payable	$	2,850	$	20,000
Debt issuance costs		(266)		(550)
Warrant discount		(1,266)		(2,617)
Total debt	$	1,318	$	16,833
Less, current portion		1,318		16,833
Long-term debt, less current portion	$	—	$	—