XML 35 R22.htm IDEA: XBRL DOCUMENT v3.20.2
Loan and Security Agreement - Additional Information (Details)
1 Months Ended 3 Months Ended 6 Months Ended
Jul. 25, 2019
installment
Nov. 30, 2016
USD ($)
Mar. 31, 2019
USD ($)
tranche
Nov. 30, 2018
USD ($)
Nov. 30, 2016
USD ($)
tranche
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Number of loan tranches | tranche     2            
Repayment of principal on term loan                 $ 7,238,889
Prepayment premium, percent of principal, if prepaid within two years   3.00%     3.00%        
Prepayment premium, condition one, term   2 years              
Prepayment premium, percent of principal, if prepaid during the third year   2.00%     2.00%        
Prepayment premium, percent of principal, if prepaid after third year   1.00%     1.00%        
Interest expense           $ 379,167 $ 379,166 $ 758,334  
Amortization of debt issuance costs           119,014 $ 126,259   195,924
Term Loan                  
Number of monthly installments | installment 30                
Interest expense                 $ 595,833
Amortization of debt issuance costs               238,028  
Term Loan | Milestone Met                  
Number of monthly installments | installment 24                
2019 Term Loan                  
Maximum loan amount     $ 24,000,000.0            
Interest-only payment period 18 months   12 months            
Annual interest rate (7.50%)                
Interest rate basis     7.50%            
Interest rate spread     7.50%            
Final payment fee, percent of principal 6.30%   6.00%            
Prepayment premium, percent of principal, if prepaid within one year 3.00%   3.00%            
Prepayment premium, condition one, term                 1 year
Prepayment premium, percent of principal, if prepaid during the second year 2.00%   2.00%            
Prepayment premium, percent of principal, if prepaid after second year 1.00%   1.00%            
2019 Term Loan | Prime Rate                  
Interest rate basis 2.00%   2.00%            
Interest rate spread 2.00%   2.00%            
Term Loan 2019, Tranche One                  
Loan amount     $ 20,000,000.0            
Final payment fee     850,000            
Repayment of principal on term loan     5,600,000            
Term Loan 2019, Tranche Two                  
Remaining credit facility to be drawn     $ 4,000,000.0     $ 4,000,000.0   $ 4,000,000.0  
Interest-only payment period 24 months   18 months            
Original Term Loan 2016                  
Maximum loan amount   $ 20,000,000.0     $ 20,000,000.0        
Number of loan tranches | tranche         3        
Interest rate basis         3.50%        
Interest rate spread         3.50%        
Final payment fee, percent of principal   8.50%     8.50%        
Final payment fee     $ 850,000            
Base interest rate   4.50%     4.50%        
Term Loan 2016, Tranche One                  
Loan amount   $ 10,000,000.0     $ 10,000,000.0        
Term Loan 2016, Tranche Two                  
Maximum loan amount   5,000,000.0     5,000,000.0        
Term Loan 2016, Tranche Three                  
Maximum loan amount   5,000,000     5,000,000        
Term Loan 2016, Tranche Two and Three                  
Maximum loan amount   10,000,000.0     $ 10,000,000.0        
Number of loan tranches | tranche         2        
Loan amount   $ 10,000,000.0     $ 10,000,000.0        
Amount of borrowing facility expired         $ 10,000,000.0        
Amended Term Loan 2016                  
Loan amount       $ 4,000,000.0          
Minimum | Amended Term Loan 2016 | Prime Rate                  
Interest rate basis       2.00%          
Interest rate spread       2.00%          
Maximum | Amended Term Loan 2016 | Prime Rate                  
Interest rate basis       7.25%          
Interest rate spread       7.25%