XML 63 R53.htm IDEA: XBRL DOCUMENT v3.22.1
Term Loan - Additional Information (Details)
$ / shares in Units, $ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Apr. 06, 2022
USD ($)
Days
$ / shares
shares
Aug. 23, 2021
USD ($)
$ / shares
shares
Mar. 31, 2022
USD ($)
shares
Sep. 30, 2021
USD ($)
Jun. 30, 2026
USD ($)
Dec. 31, 2021
USD ($)
shares
Debt Instrument [Line Items]            
Number of warrants issued | shares     331,503     331,503
Amended Perceptive Loan Agreement            
Debt Instrument [Line Items]            
Aggregate minimum cash balance     $ 3.0      
Debt instrument covenant description     The Amended Perceptive Loan Agreement also includes financial covenants that require the Company to (i) maintain, at all times, a minimum aggregate balance of $3.0 million in cash in one or more controlled accounts, and (ii) satisfy certain minimum revenue thresholds, measured for the twelve consecutive month period on each calendar quarter-end until June 30, 2026. These thresholds increase over time and range from $26.4 million for the twelve month period ended September 30, 2021 to $95.3 million for the twelve month period ended June 30, 2026. Failure to satisfy these financial covenants would constitute an event of default under the agreement. During the three months ended March 31, 2022, the Company was in compliance with all financial covenants and conditions required by the outstanding Amended Perceptive Loan Agreement.      
Minimum | Amended Perceptive Loan Agreement            
Debt Instrument [Line Items]            
Revenue thresholds increase over time       $ 26.4    
Maximum | Amended Perceptive Loan Agreement | Forecast            
Debt Instrument [Line Items]            
Revenue thresholds increase over time         $ 95.3  
Subsequent Event | Amendment            
Debt Instrument [Line Items]            
Number of warrants issued | shares 304,105          
Purchase price per share of warrant | $ / shares $ 12.00          
Maximum market capitalization on each trading day $ 100.0          
Number of consecutive trading days | Days 15          
Tranche One | Subsequent Event | Amendment            
Debt Instrument [Line Items]            
Delayed draw term loan $ 10.0          
Delayed-draw term loans start date Dec. 31, 2021          
Delayed-draw term loans end date Sep. 30, 2022          
Maximum revenue in borrowing date $ 36.0          
Tranche Two | Subsequent Event | Amendment            
Debt Instrument [Line Items]            
Delayed draw term loan $ 10.0          
Delayed-draw term loans start date Mar. 31, 2022          
Delayed-draw term loans end date Jun. 30, 2023          
Maximum revenue in borrowing date $ 46.0          
Perceptive Credit Holdings III, LP            
Debt Instrument [Line Items]            
Aggregate delayed draw term loan   $ 20.0        
Maturity date   Aug. 23, 2026        
Term loan, closing fee   $ 0.5        
Effective interest rate percentage     14.59%      
Perceptive Credit Holdings III, LP | Tranche One            
Debt Instrument [Line Items]            
Term loan expired           $ 10.0
Perceptive Credit Holdings III, LP | Tranche Two            
Debt Instrument [Line Items]            
Delayed draw term loan   $ 10.0        
Initial term loan           $ 10.0
Maturity date           Mar. 31, 2022
Perceptive Credit Holdings III, LP | Tranche Two | Series E Preferred Shares            
Debt Instrument [Line Items]            
Number of warrants issued | shares   150,684        
Purchase price per share of warrant | $ / shares   $ 11.00