Credit Facility and Term Loans (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of Interest Expense, Net

Interest expense, net consisted of the following for the three and nine months ended September 30, 2020 and 2021:

	Three Months Ended						Nine Months Ended
	September 30, 2020			September 30, 2021			September 30, 2020			September 30, 2021
	(in thousands)						(in thousands)
Interest expense	$	960		$	2,919		$	3,177		$	12,470
Interest income		(26	)		(133	)		(57	)		(593	)
Total Interest expense, net	$	934		$	2,786		$	3,120		$	11,877

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:

	December 31, 2020
	(in thousands)
December 2020 Note	$	43,000
Less: deferred debt issuance costs		(2,207	)
Less: discount associated with issuance of warrants		(9,839	)
Less: discount associated with original issuance of loan		(4,692	)
High Trail warrant		31,821
Total December 2020 Note		58,083
Less-current portion		(21,600	)
Term loan-non current portion	$	36,483

High Trail April 2021 Note - Due 2023

Schedule of Credit Facility and Term Loans

The remaining term loan with High Trail due April 2023 is summarized below as of September 30, 2021:

	September 30, 2021
	(in thousands)
April 2021 Note - Due 2023		25,000
Derivative liability related to term loan		454
April 2021 Note - Due 2023	$	25,454

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 September 30, 2021:

	December 31, 2020			September 30, 2021
	(in thousands)
MidCap Credit Facility	$	12,905		$	—
Less: deferred debt issuance costs		(702	)		—
Less: discount associated with issuance of warrants		(13	)		—
Total MidCap Credit Facility	$	12,190		$	—