XML 63 R45.htm IDEA: XBRL DOCUMENT v3.24.0.1
DEBT - Additional Information (Details) - Hercules and Silicon Valley Bank [Member] - USD ($)
9 Months Ended 12 Months Ended
Jun. 30, 2022
Sep. 30, 2020
Dec. 31, 2023
Sep. 15, 2023
Debt Instrument [Line Items]        
Maximum borrowing capacity under term loan $ 125,000,000 $ 75,000,000    
Principal amount outstanding under term loan     $ 80,000,000  
Description of maturity date terms for term loan   Term Loan matures on April 1, 2025, or the Loan Maturity Date, and may be extended up to an additional six months upon the achievement of certain regulatory and financial milestones.    
Term loan interest rate description     The Term Loan bears interest at a floating rate per annum equal to the greater of either (i) 9.0% or (ii) the sum of (A) the Prime Rate (as reported in The Wall Street Journal) minus 4.5%, plus (B) 9.0% (8.5% as of December 31, 2023).  
Term loan maturity date   Apr. 01, 2025    
Percentage added to prime rate for debt instrument interest rate   9.00%    
Interest only period payment term description   The interest only period of the Term Loan is through June 30, 2024, and is further extendable to December 31, 2024 upon achievement of a regulatory and financial milestone and satisfaction of certain capitalization requirements. Following the expiration of the interest-only period, we are required to repay the Term Loan in equal monthly amortization payments of principal and interest until the Loan Maturity Date.    
End of term charge for loan, percentage   6.55%    
Minimum amount of prepayment allowed under debt instrument   $ 5,000,000    
Description of term loan payment terms   At our option, upon at least five business days’ prior written notice to Hercules, we may prepay all or any portion greater than or equal to $5.0 million of the outstanding loan by paying the entire principal balance (or portion thereof) and all accrued and unpaid interest. There is no prepayment charge for prepayments of drawdowns under Tranche 1 or Tranche 2. Prepayments of drawdowns under Tranche 3, Tranche 4, Tranche 5 or Tranche 6 are subject to a prepayment charge of 1.5% of the prepayment amount, if the prepayment is made prior to June 30, 2025. Thereafter, any prepayment of Tranche 3, Tranche 4, Tranche 5 or Tranche 6 is not subject to a prepayment charge.    
Variable interest rate   9.00%    
Additional percentage of interest on past due amounts   5.00%    
Carrying value of term loan, net     $ 81,900,000  
Unamortized debt discount and issuance costs     605,000  
Accrued end of term charge     $ 2,691,000  
Second Amendment [Member]        
Debt Instrument [Line Items]        
Debt discount amount 100,000      
Third Amendment [Member]        
Debt Instrument [Line Items]        
Principal amount outstanding under term loan   $ 80,000,000    
Percentage added to prime rate for debt instrument interest rate   9.00%    
Debt discount amount $ 300,000      
Principle amount   $ 125,000,000    
Variable interest rate   9.00%    
Minimum [Member]        
Debt Instrument [Line Items]        
Stated interest rate   4.50% 8.50%  
Minimum [Member] | Third Amendment [Member]        
Debt Instrument [Line Items]        
Stated interest rate   4.50%    
Maximum [Member]        
Debt Instrument [Line Items]        
Stated interest rate   9.00%    
Maximum [Member] | Third Amendment [Member]        
Debt Instrument [Line Items]        
Stated interest rate   9.00%    
Tranche One [Member] | Third Amendment [Member]        
Debt Instrument [Line Items]        
Prepayment charge (as a percentage) 0.00%      
Tranche Two [Member] | Third Amendment [Member]        
Debt Instrument [Line Items]        
Prepayment charge (as a percentage) 0.00%      
Tranche Three [Member] | Third Amendment [Member]        
Debt Instrument [Line Items]        
Prepayment charge (as a percentage) 1.50%      
Debt instrument face amount expired       $ 20,000,000
Tranche Four [Member] | Third Amendment [Member]        
Debt Instrument [Line Items]        
Prepayment charge (as a percentage) 1.50%      
Principle amount   $ 30,000,000    
Tranche Four [Member] | Minimum [Member] | Third Amendment [Member]        
Debt Instrument [Line Items]        
Principle amount   10,000,000    
Tranche Four [Member] | Maximum [Member] | Third Amendment [Member]        
Debt Instrument [Line Items]        
Principle amount   30,000,000    
Tranche Five [Member] | Third Amendment [Member]        
Debt Instrument [Line Items]        
Prepayment charge (as a percentage) 1.50%      
Principle amount   $ 20,000,000    
Tranche Six [Member] | Third Amendment [Member]        
Debt Instrument [Line Items]        
Prepayment charge (as a percentage) 1.50%