NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Composition of Note Payable

Amounts outstanding under the 2017 SVB Loan Agreement were as follows (in thousands):

	June 30, 2020		December 31, 2019
Principal amount outstanding	$	6,333	$	7,667
Unamortized debt discount	(21)		(32)
Accreted final payment fee	759		669
Total note payable	7,071		8,304
Less: current maturities	(2,650)		(3,976)
Note payable, net of current portion	$	4,421	$	4,328

Amounts outstanding under the PPP Loan were as follows (in thousands):

	June 30, 2020
Principal amount outstanding	$	1,726
Less: current maturities	(767)
Note payable, net of current portion	$	959

Future Annual Minimum Principal Payments of Notes Payable

Future annual minimum principal payments under the 2017 SVB Loan Agreement as of June 30, 2020 for the respective calendar years are as follows (in thousands):

2020	$	666
2021	4,000
2022	1,667
Total	$	6,333

Future annual minimum principal payments under the PPP Loan as of June 30, 2020 for the respective calendar years are as follows (in thousands):

2020	$	192
2021	1,150
2022	384
Total	$	1,726