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Note Payable (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Notes Payable Note payable consists of the following:

 

 

 

Rate Type

 

Maturity

 

Effective Interest Rate

 

March 31,
2022

 

 

December 31,
2021

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

(in thousands)

 

Collateralized note

 

Variable

 

2026

 

9.54%

 

$

5,000

 

 

$

5,000

 

Less: Unamortized debt issuance costs

 

 

 

 

 

 

 

 

(63

)

 

 

(77

)

Net carrying amount of debt

 

 

 

 

 

 

 

$

4,937

 

 

$

4,923

 

Schedule Principal Installments Due Principal installments due on the note subsequent to March 31, 2022, are as follows (in thousands):

 

Remainder of 2022

 

$

 

2023

 

 

 

2024

 

 

 

2025

 

 

 

2026

 

 

5,000

 

Total long-term debt

 

$

5,000