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Long-term Debt (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term debt and unamortized debt discount balances

The SVB Loans and unamortized discount balances as of June 30, 2022 and December 31, 2021 are shown below (in thousands):

 

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Long-term debt

 

$

10,500

 

 

$

10,500

 

Less: issuance costs

 

 

(517

)

 

 

(596

)

Total long-term debt, net of issuance costs

 

$

9,983

 

 

$

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 June 30, 2022

 

 

 

2022 (six months remaining)

 

$

245

 

2023

 

 

586

 

2024

 

 

2,325

 

2025

 

 

5,604

 

2026 and thereafter

 

 

4,038

 

Total future minimum payments

 

 

12,798

 

Less: interest, Final Payment fee

 

 

(2,297

)

Long-term debt

 

 

10,500

 

Less: issuance costs

 

 

(517

)

Long-term debt, net of issuance costs

 

$

9,983