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Long-term Debt (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term debt and unamortized debt discount balances

The SVB Loans and unamortized discount balances as of March 31, 2022 and December 31, 2021 are shown below (in thousands):

 

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Long-term debt

 

$

10,500

 

 

$

10,500

 

Less: issuance costs

 

 

(559

)

 

 

(596

)

Total long-term debt, net of issuance costs

 

 

9,941

 

 

 

9,904

 

Summary of Future Minimum Principal Payments on Long-term Debt

Future minimum payments of outstanding principal and interest under the 2021 SVB Loan are as follows:

 

As of March 31, 2022

 

 

 

2022 (nine months remaining)

 

$

340

 

2023

 

 

452

 

2024

 

 

2,194

 

2025

 

 

5,523

 

2026 and thereafter

 

 

3,976

 

Total future minimum payments

 

 

12,486

 

Less: interest, Final Payment fee

 

 

(1,986

)

Long-term debt

 

 

10,500

 

Less: issuance costs

 

 

(559

)

Long-term debt, net of issuance costs

 

$

9,941