Annual report pursuant to Section 13 and 15(d)

Loan and Security Agreement (Tables)

v3.22.0.1
Loan and Security Agreement (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Long-term Debt and Net Premium (Amortization) Balances

Long-term debt and net premium (amortization) balances are as follows:

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Principal amount of debt

 

$

25,000

 

 

$

25,000

 

Net premium / (amortization) associated with accretion of final payment and
   other debt issuance costs

 

 

113

 

 

 

(455

)

Debt, current and non-current

 

 

25,113

 

 

 

24,545

 

Less: Debt, current portion

 

 

(9,375

)

 

 

-

 

Debt, non-current portion

 

$

15,738

 

 

$

24,545

 

Future Minimum Payments of Loan and Security Agreement

Future minimum payments of principal and estimated payments of interest on the Company’s Loan and Security Agreement as of December 31, 2021 are as follows:

 

Year Ending December 31:

 

 

 

Amount

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

2022

 

 

 

$

11,166

 

2023

 

 

 

 

13,312

 

2024

 

 

 

 

4,126

 

Total future maturities

 

 

 

 

28,604

 

Less amount representing interest

 

 

 

 

(2,646

)

Less final payment

 

 

 

 

(958

)

Total principal amount of debt

 

 

 

$

25,000