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Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt and Short-term Borrowings

The following table summarizes the Company’s long-term debt and short-term borrowings as December 31, 2021 and 2020:

 

 

December 31,

 

 

2021

 

2020

EIB

$

25,161,855

$

25,936,928

PPP

259,353

MGHIF

331,904

Insurance financings

107,742

Total debt obligations

25,161,855

26,635,927

Unamortized debt discount

(3,466,491

)

(6,557,992

)

Carrying value of debt

21,695,364

20,077,935

Less current portion

(14,519,113

)

(699,000

)

Long-term debt

$

7,176,251

$

19,378,935