XML 50 R41.htm IDEA: XBRL DOCUMENT v3.22.1
Credit Facility,Term Loans and Warrants - Additional Information (Details)
3 Months Ended 12 Months Ended
Mar. 22, 2022
USD ($)
Mar. 01, 2022
USD ($)
$ / shares
shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 22, 2021
USD ($)
$ / shares
shares
Sep. 22, 2021
USD ($)
TradingDay
$ / shares
shares
Aug. 09, 2021
USD ($)
$ / shares
shares
Apr. 08, 2021
USD ($)
shares
Feb. 02, 2021
USD ($)
Dec. 01, 2020
USD ($)
Installment
Mar. 31, 2022
USD ($)
$ / shares
Mar. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
$ / shares
Sep. 23, 2021
shares
Aug. 11, 2021
USD ($)
Debt Instrument [Line Items]                            
Loss on extinguishment $ (2,000,000.0)                 $ (2,012,000)   $ 138,900,000    
Common stock shares issued | shares           2,666,667                
Accounts receivable, net           $ 65,000,000.0                
Cash and cash equivalents                   $ 44,281,000 $ 34,995,000      
Warrants exercise period after resale           60 days                
Repaying of term loan                     5,400,000      
Common stock, par value | $ / shares     $ 0.0001             $ 0.0001   $ 0.0001    
Proceeds from warrant exercise                     8,939,000      
Change in fair value of these warrants                   $ 1,879,000 $ 30,202,000      
Minimum                            
Debt Instrument [Line Items]                            
Increase minimum cash threshold covenant           $ 15,000,000.0                
Cash and cash equivalents           30,000,000                
Maximum [Member]                            
Debt Instrument [Line Items]                            
Increase minimum cash threshold covenant           30,000,000.0                
Restricted Stock                            
Debt Instrument [Line Items]                            
Loss on extinguishment                   4,100,000        
February Warrant, Penny Warrant and Additional Warrant                            
Debt Instrument [Line Items]                            
Reclassification from a liability to component of equity                   80,000,000.0        
Reclassification from a component of equity to liability                   21,300,000        
MidCap Credit Facility                            
Debt Instrument [Line Items]                            
Gross proceeds received       $ 27,600,000                    
Aggregate principal amount       $ 110,000,000.0                    
Warrants to purchase shares | shares       200,000                    
Credit facility maximum borrowing amount       $ 40,000,000.0     $ 25,000,000.0              
Warrants to purchase shares, exercise price | $ / shares     $ 4.70                 $ 4.70    
Available balance of credit facility     $ 0.0             $ 3,600,000   $ 0.0    
Debt offset against and expense over the term       3 years                    
Common stock, par value | $ / shares       $ 0.0001                    
Credit facility, interest rate per annum       5.50%                    
Credit facility, unused capacity, commitment fee percentage       0.50%                    
Line of credit facility, maximum liquidity requirements during the period       $ 12,500,000                    
Line of credit facility, maximum liquidity requirements at all other times       $ 15,000,000.0                    
Line of credit facility, covenant terms                   The Credit Agreement minimum liquidity covenant requires that Midcap shall not permit the credit party liquidity at any time to be less than (a) during the period commencing on February 1st through and including May 31st of each calendar year, $12.5 million and (b) at all other times, $15.0 million.        
Warrants term                       10 years    
2021 Private Placement                            
Debt Instrument [Line Items]                            
Gross proceeds received             $ 14,800,000              
Warrant                            
Debt Instrument [Line Items]                            
Initial liability on issuance                   $ 19,000,000.0        
Change in fair value of these warrants                   1,900,000        
Warrant liability                   $ 20,900,000        
Securities Purchase Agreement | Common Stock                            
Debt Instrument [Line Items]                            
Warrants to purchase shares | shares   4,827,242                        
Number of common shares issued | shares   6,436,322                        
Securities Purchase Agreement | Common Stock Warrant                            
Debt Instrument [Line Items]                            
Warrants to purchase shares | shares   2,260,388                        
Share price | $ / shares   $ 2.91                        
Proceeds from warrant exercise   $ 27,500,000                        
Securities Purchase Agreement | Common Stock Warrant | Pre-Funded Warrants                            
Debt Instrument [Line Items]                            
Warrants to purchase shares | shares   3,013,850                        
Share price | $ / shares   $ 2.9099                        
April Letter Agreement                            
Debt Instrument [Line Items]                            
Common stock shares issued | shares             130,000              
SPA Amendment                            
Debt Instrument [Line Items]                            
Warrant amendment description                   The Warrant Amendments amended the February Warrant, the Penny Warrant and the Additional Warrant to amend the definition of “Black Scholes Value” in each warrant to provide that the expected volatility used in the Black Scholes Value shall equal 100% instead of the greater of 100% and the 100-day volatility obtained from the HVT function on Bloomberg (determined utilizing a 365-day annualization factor) as of the trading day immediately following the public announcement of a Change of Control (as defined in each of the warrants), or, if the Change of Control is not publicly announced, the date the Change of Control is consummated.        
High Trail Loan December 2020 Note                            
Debt Instrument [Line Items]                            
Short-term Debt, Refinanced, Amount                 $ 15,000,000.0          
Gross proceeds received                 38,000,000.0          
Aggregate principal amount                 $ 43,000,000.0          
Number of repayment installments | Installment                 24          
Line of credit facility, frequency of payments                 monthly          
Cash payments                 $ 1,800,000          
High Trail February 2021 Note | 0% Coupon Senior Secured Promissory Note | Investor | Securities Purchase Agreement                            
Debt Instrument [Line Items]                            
Aggregate principal amount               $ 16,500,000            
Interest rate               0.00%            
Maturity date               Feb. 01, 2023            
High Trail Loans | Securities Purchase Agreement                            
Debt Instrument [Line Items]                            
Cash payments             $ 57,700,000              
High Trail Loans | Securities Purchase Agreement | Common Stock                            
Debt Instrument [Line Items]                            
Warrants to purchase shares | shares             2,259,166              
High Trail Loans | Senior Secured Promissory Notes | Securities Purchase Agreement | 2021 Private Placement                            
Debt Instrument [Line Items]                            
Interest rate             8.00%              
Maturity date             Apr. 08, 2024              
Aggregate principal amount             $ 110,000,000.0              
High Trail April 2021 Note                            
Debt Instrument [Line Items]                            
Loss on extinguishment             $ 28,200,000              
Event of default description                   On August 9, 2021, pursuant to those certain Letter Agreements entered into between the Company and High Trail with respect to each of the April 2021 Notes (collectively, the “August Letter Agreements”), High Trail notified the Company that High Trail declared an event of default under the April 2021 Notes as a result of the Company’s Adjusted EBITDA (as defined in the April 2021 Notes) not being equal to at least $12 million for the 12 month period ended June 30, 2021 and further notified the Company that High Trail immediately accelerated a total of $18.7 million of the principal amount of the April 2021 Notes, requiring the Company to immediately pay $21.5 million (such amount equal to 115% of the principal amount that was accelerated, as required under the terms of the April 2021 Notes, plus $0.3 million of accrued but unpaid interest on the principal amount that was accelerated) (the “Current Event of Default Acceleration Amount”).        
Accelerated principal amount           18,700,000                
Debt instrument redemption amount           $ 21,500,000                
Debt instrument redemption price percentage           115.00%                
Accrued, Unpaid interest           $ 300,000                
Base percentage used to calculate current event of default acceleration           0.80                
Description of current event of default acceleration payment                   Pursuant to the August Letter Agreements, the Company agreed, among other things, to pay the Current Event of Default Acceleration Amount in cash by August 9, 2021 and that any portion not paid in cash would be paid in shares of the Company’s common stock under the terms of the April 2021 Notes, with the number of shares issuable equal to the unpaid Current Event of Default Acceleration Amount divided by 80% of the lesser of (i) the Daily VWAP (as defined in the April 2021 Notes) on August 9, 2021 and (ii) the average of the lowest two (2) Daily VWAPs during the ten (10) day VWAP trading period ending on August 9, 2021.        
High Trail April 2021 Note | Minimum                            
Debt Instrument [Line Items]                            
Debt instrument default amount           $ 12,000,000                
High Trail April 2021 Note | Letter Agreements                            
Debt Instrument [Line Items]                            
Base percentage used to calculate current event of default acceleration           0.80                
Payment in cash of current event of default acceleration amount           $ 10,100,000                
Payment in shares of current event of default acceleration amount           $ 11,700,000               $ 11,700,000
Payment in shares of current event of default acceleration shares | shares           2,841,251                
Share price | $ / shares           $ 4.1007                
High Trail Debt                            
Debt Instrument [Line Items]                            
Maturity date         Apr. 01, 2023                  
Loss on extinguishment     2,500,000                 $ 2,500,000    
Accelerated principal amount         $ 66,300,000                  
Debt instrument redemption amount         $ 76,900,000                  
Debt instrument redemption price percentage         115.00%                  
Accrued, Unpaid interest         $ 300,000                  
Base percentage used to calculate current event of default acceleration         0.80                  
Warrant exercisable to common stock percentage         200.00%                  
Warrants consecutive trading days | TradingDay         20                  
Warrants to purchase shares, exercise price | $ / shares         $ 0.01                  
Common stock issued subject to satisfy obligation to repay acceleration amount | shares         3,474,814               5,838,096  
Notes extinguished in exchange for debt repayment         $ 25,000,000.0                  
Repaying of term loan     25,000,000.0                      
High Trail Debt | High Trail Debt Repayment                            
Debt Instrument [Line Items]                            
Loss on extinguishment                       107,000,000.0    
High Trail Debt | High Trail April 2021 Notes Repayment                            
Debt Instrument [Line Items]                            
Loss on extinguishment                       28,200,000    
High Trail Debt | High Trail Term Loan                            
Debt Instrument [Line Items]                            
Available balance of credit facility     $ 25,000,000.0                 25,000,000.0    
High Trail Debt | Credit Facility                            
Debt Instrument [Line Items]                            
Loss on extinguishment                       $ 1,500,000    
High Trail Debt | Minimum                            
Debt Instrument [Line Items]                            
Increase minimum cash threshold covenant         $ 15,000,000.0                  
Beneficial ownership limit, percentage         9.99%                  
High Trail Debt | Maximum [Member]                            
Debt Instrument [Line Items]                            
Increase minimum cash threshold covenant         $ 30,000,000.0