DEBT (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

As of December 31, 2020 and 2019, the carrying value of our debt consisted of the following:

As of December 31, 2020 and 2019, the carrying value of our debt consisted of the following:

	As of December 31,
	2020			2019
Financing Agreement	$	250,000,000		$	200,000,000
Debt discount and financing fees		(12,302,469	)		(5,365,357	)
TOTAL LONG-TERM DEBT	$	237,697,531		$	194,634,643

The following table reflects our aggregate future principal payments under the Financing Agreement for the next five years, as amended by Amendment No. 8:

The following table reflects our aggregate future principal payments under the Financing Agreement for the next five years, as amended by Amendment No. 8:

Year Ending December 31,
2021	$	50,000,000
2022	$	25,000,000
2023	$	133,750,000
2024	$	41,250,000
2025	$	—