XML 22 R11.htm IDEA: XBRL DOCUMENT v3.21.1
Convertible and Other Debt
3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Convertible and Other Debt

4. Convertible and Other Debt

The Company issued convertible promissory notes between December 2015 and May 2020 totaling $21.8 million, of which $2.0 million was with related parties. The convertible promissory notes accrued interest at 8% per annum with maturity dates of five years after issuance. The convertible promissory notes were settled in connection with the Company’s Series D financing in July 2020. As of March 31, 2021, the Company has $0.7 million outstanding under a promissory note issued pursuant to the Paycheck Protection Program (“PPP”) of the CARES Act. For the three months ended March 31, 2021 and 2020, the Company recognized interest expense related to its outstanding debt of $2,000 and $0.5 million, respectively.