NOTES PAYABLE (Tables)

3 Months Ended

Mar. 31, 2020

Amounts outstanding under the 2017 SVB Loan Agreement were as follows:




	March 31, 2020			December 31, 2019
	(in thousands)
Principal amount outstanding	$	6,667		$	7,667
Unamortized debt discount	(27		)	(32		)
Accreted final payment fee	726			669
Total note payable	7,366			8,304
Less: current maturities	(3,977		)	(3,976		)
Note payable, net of current portion	$	3,389		$	4,328

Future Annual Minimum Principal Payments of Notes Payable

Future annual minimum principal payments under the 2017 SVB Loan Agreement as of March 31, 2020 for the respective calendar years are as follows (in thousands):



2020	$	3,000
2021	3,667
Total	$	6,667

Future annual minimum principal payments under the 2017 SVB Loan Agreement as of March 31, 2020 (after giving effect to the amendment of the 2017 SVB Loan Agreement in April 2020), for the respective calendar years would have been as follows (in thousands):



2020	$	1,000
2021	4,000
2022	1,667
Total	$	6,667