Quarterly report pursuant to Section 13 or 15(d)

Oxford Finance Loan Agreement (Tables)

v3.22.1
Oxford Finance Loan Agreement (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Minimum Aggregate Future Loan Payments

The Company has the following minimum aggregate future loan payments as of March 31, 2022 (in thousands):

 

Nine months ending December 31, 2022

 

$

 

Year ending December 31, 2023

 

 

16,666

 

Year ending December 31, 2024

 

 

20,000

 

Year ending December 31, 2025

 

 

3,334

 

Total minimum payments

 

$

40,000

 

Less unamortized debt discount

 

 

(410

)

Plus accumulated accretion of final fees

 

 

852

 

Total carrying value of debt

 

 

40,442

 

Less current portion

 

 

(1,667

)

Long-term debt, net of current portion

 

$

38,775