Loans Payable (Tables)

12 Months Ended

Dec. 31, 2019

Loans Payable

Schedule of debt

The following table summarizes how the issuance of Term Loans A, B, and C are reflected on the balance sheet at December 31, 2019 and 2018 (in thousands):

	December 31,		December 31,
	2019		2018
Gross proceeds	$	3,167	$	15,833
Debt discount and debt issuance costs (1)		1,870		1,540
Carrying value		5,037		17,373
Current portion of loans payable, net		5,037		12,562
Loans payable, net	$	—	$	4,811

(1) Includes the final fee payment due upon last payment date of the amounts borrowed.

Schedule of maturities of long-term debt

Aggregate maturities of long-term debt as of December 31, 2019 are as follows (in thousands):

2020 (1)	$	3,167
2021		—
2022		—
2023		—
2024		—
	$	3,167
Debt Discount and deferred financing costs		(4)
	$	3,163

(1) Excludes the final fee payment of $1.9 million due upon last payment date of the amounts borrowed.