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Credit Facility, Term Loans and Warrants (Tables)
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Credit Facility

The Company’s credit facility consisted of the following as of December 31, 2021 and September 30, 2022:

 

 

 

December 31,
2021

 

 

September 30,
2022

 

 

 

(in thousands)

 

MidCap Credit Facility – December 2021

 

$

34,119

 

 

$

24,873

 

Less: deferred debt issuance costs

 

 

(691

)

 

 

(518

)

Less: discount associated with issuance of warrants

 

 

(583

)

 

 

(436

)

Total MidCap Credit Facility – December 2021

 

$

32,845

 

 

$

23,919

 

Schedule of Interest Expense, Net

Interest expense, net consisted of the following for the three and nine months ended September 30, 2021 and 2022:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2021

 

 

September 30, 2022

 

 

September 30, 2021

 

 

September 30, 2022

 

 

 

(in thousands)

 

 

(in thousands)

 

Interest expense

 

$

2,919

 

 

$

904

 

 

$

12,470

 

 

$

2,043

 

Interest income

 

 

(133

)

 

 

 

 

 

(593

)

 

 

 

Total Interest expense, net

 

$

2,786

 

 

$

904

 

 

$

11,877

 

 

$

2,043