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Loan Payable (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Debt Disclosure [Abstract]    
Schedule of Aggregate Principal Amount of Debt Outstanding

The aggregate principal amount of debt outstanding consisted of the following (in thousands):

 

     September 30,
2020
    December 31,
2019
 

Current portion of debt

   $ 7,500     $ 5,625  

Less: unamortized debt discount

     (39     (49
  

 

 

   

 

 

 

Current portion of debt, net of debt discount

   $ 7,461     $ 5,576  
  

 

 

   

 

 

 

Long-term debt, net of current portion

   $ 3,750     $ 9,375  

Less: unamortized debt discount

     (20     (82
  

 

 

   

 

 

 

Long-term debt, net of current portion

   $ 3,730     $ 9,293  
  

 

 

   

 

 

 

The aggregate principal amount of debt outstanding as of December 31, 2019 and 2018 was $15.0 million, including Tranche I and Tranche II amounts. Current and non-current debt obligations reflected in the consolidated balance sheets as of December 31, 2019 and 2018 consisted of the following (in thousands):

 

     December 31,
2018
 

Current liabilities:

  

Term loan under the 2018 Loan Agreement

   $ 3,750  

Unamortized debt discount

     (62
  

 

 

 

Loans payable, net of discount

     3,688  

Non-current liabilities:

  

Term loan under 2018 Loan Agreement

     11,250  

Unamortized debt discount

     (186
  

 

 

 

Loans payable, net of discount and current portion

     11,064  
  

 

 

 

Total loans payable, net of discount

   $ 14,752  
  

 

 

 

 

     December 31,
2019
 

Current liabilities:

  

Term loan under the 2018 Loan Agreement

   $ 5,625  

Unamortized debt discount

     (49
  

 

 

 

Loans payable, net of discount

     5,576  

Non-current liabilities:

  

Term loan under 2018 Loan Agreement

     9,375  

Unamortized debt discount

     (82
  

 

 

 

Loans payable, net of discount and current portion

     9,293  
  

 

 

 

Total loans payable, net of discount

   $ 14,869  
  

 

 

 
Schedule of Aggregate Minimum Future Principal Payments

As of September 30, 2020, the aggregate minimum future principal payments due in connection with the 2018 Loan Agreement, as amended, are as follows (in thousands):

 

Year Ending December 31,

  

2020

   $ 1,875  

2021

     7,500  

2022

     1,875  
  

 

 

 
   $ 11,250  
  

 

 

 

As of December 31, 2019, the aggregate minimum future principal payments due in connection with the 2018 Loan Agreement, as amended, are summarized as follows (in thousands):

 

Year Ending December 31, 2020

      

2020

   $  5,625  

2021

     7,500  

2022

     1,875  
  

 

 

 
   $ 15,000