Credit Facility and Term Loans (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Interest Expense, Net

Interest expense, net consisted of the following for the three months ended March 31, 2020 and 2021:

	Three Months Ended
	March 31, 2020			March 31, 2021
	(in thousands)
Interest expense	$	1,133		$	4,753
Interest income		(24	)		(333	)
Total Interest expense, net	$	1,109		$	4,420

High Trail Loan December 2020 Note

Schedule of Credit Facility and Term Loans

The December 2020 Note consisted of the following as of December 31, 2020 and March 31, 2021:

	December 31, 2020			March 31, 2021
	(in thousands)
December 2020 Note	$	43,000		$	37,600
Less: deferred debt issuance costs		(2,207	)		(1,717	)
Less: discount associated with issuance of warrants		(9,839	)		(7,842	)
Less: discount associated with original issuance of loan		(4,692	)		(3,740	)
High Trail warrant		31,821			67,609
Total December 2020 Note		58,083			91,910
Less-current portion		(21,600	)		(21,600	)
Term loan-non current portion	$	36,483		$	70,310

High Trail February 2021 Note

Schedule of Credit Facility and Term Loans

February 2021 Note consisted of the following as of March 31, 2021:

	March 31, 2021
	(in thousands)
February 2021 Note	$	16,500
Less: deferred debt issuance costs		(1,331	)
Less: discount associated with issuance of warrants		(7,407	)
Less: discount associated with original issuance of loan		(2,368	)
High Trail warrant		8,026
Total February 2021 Note		13,420
Less-current portion		—
Term loan-non current portion	$	13,420

MidCap Credit Facility

Schedule of Credit Facility and Term Loans

The Company’s credit facility consisted of the following as of December 31, 2020 and March 31, 2021:

	December 31, 2020			March 31, 2021
	(in thousands)
MidCap Credit Facility	$	12,905		$	15,085
Less: deferred debt issuance costs		(702	)		(757	)
Less: discount associated with issuance of warrants		(13	)		(9	)
Total MidCap Credit Facility	$	12,190		$	14,319