Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Phased funding and potential loan forgiveness milestones

The following summarizes the phased funding and potential loan forgiveness milestones set forth in the Amended DECD Loan Agreement (in millions):

	Funding		Potential Loan Forgiveness
Phase 1	$	5.0	$	4.5
Phase 2	4.5		2.8
Phase 3	6.0		3.0
Final	—		2.0
Total	$	15.5	$	12.3

Long-term debt maturities

As of December 31, 2020, long-term debt matures as follows (in thousands):

2021	$	1,770
2022	1,906
2023	2,865
2024	4,208
2025	4,106
Thereafter	5,886
Total maturities of long-term debt	20,741
Less: Current portion of long-term debt	(1,770)
Total long-term debt, net of current portion	$	18,971

As of March 31, 2021, long-term debt matures as follows (in thousands):

(in thousands)
2021 (remainder of year)	$	1,377
2022	1,906
2023	2,865
2024	4,208
2025	4,106
Thereafter	5,886
Total maturities of long-term debt	20,348
Less: current portion of long-term debt	(1,846)
Total long-term debt, net of current maturities	$	18,502