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Credit Facility (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-term debt consisted of the following:

 

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Term loan payable

 

$

15,000,000

 

 

$

15,000,000

 

End of term charge

 

 

703,269

 

 

 

445,464

 

Unamortized debt issuance costs

 

 

(199,566

)

 

 

(351,232

)

Less: current portion

 

 

 

 

 

(3,659,776

)

Total long-term debt

 

$

15,503,703

 

 

$

11,434,456

 

 

Schedule of Principal Payments Including End of Term Charges

Future principal payments, including the End of Term Charge, are as follows for the years ending December 31:

 

 

 

 

 

2022

 

$

 

2023

 

 

16,042,500

 

Total

 

$

16,042,500