Debt - Additional Information (Detail)
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1 Months Ended |
9 Months Ended |
12 Months Ended |
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Nov. 18, 2021
USD ($)
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Aug. 12, 2020
USD ($)
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May 22, 2020
USD ($)
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Apr. 13, 2020
USD ($)
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Oct. 28, 2019
USD ($)
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May 07, 2019
USD ($)
shares
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May 07, 2019
USD ($)
shares
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Nov. 09, 2018
USD ($)
$ / shares
shares
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Nov. 09, 2018
USD ($)
d
$ / shares
shares
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Apr. 30, 2021 |
Jul. 31, 2020
USD ($)
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Mar. 31, 2020
USD ($)
$ / shares
shares
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Nov. 30, 2019
$ / shares
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Oct. 31, 2019
$ / shares
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Sep. 30, 2021
USD ($)
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Dec. 31, 2021
USD ($)
$ / shares
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Dec. 31, 2020
USD ($)
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Jun. 30, 2020
USD ($)
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Dec. 31, 2019
USD ($)
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Dec. 31, 2018
USD ($)
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Feb. 24, 2021
USD ($)
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Feb. 10, 2021
$ / shares
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Jun. 10, 2020
$ / shares
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May 15, 2020
USD ($)
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Apr. 14, 2020
USD ($)
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Oct. 29, 2019
$ / shares
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Mar. 31, 2019
USD ($)
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Debt Instrument [Line Items] |
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Change in fair value of warrants |
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$ 0
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$ (5,850,000)
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Non current term loans |
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13,603,000
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16,186,000
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Borrowings under lines of credit |
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0
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3,000,000
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Repayments of lines of credit |
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0
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3,000,000
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Debt issuance costs |
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$ 25,000
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128,000
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133,000
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Weighted-average interest rate |
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12.00%
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EBITDA target |
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$ (16,431,000)
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(18,536,000)
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(15,621,000)
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Share price | $ / shares |
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$ 0.5750
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$ 1.03
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Public Offering |
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Debt Instrument [Line Items] |
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Share price | $ / shares |
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$ 0.5750
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Common Stock |
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Debt Instrument [Line Items] |
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Initial exercise price of warrants | $ / shares |
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$ 0.515
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SWK Warrants |
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Debt Instrument [Line Items] |
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Warrants expiration period |
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8 years
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Warrants fair value assumptions, expected volatility rate |
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81.79%
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Warrants fair value assumptions annual dividend per share | $ / shares |
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$ 0.00
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$ 0.00
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Warrants fair value assumptions, risk-free interest rate |
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3.13%
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Change in fair value of warrants |
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$ 400
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Warrants issued to purchase shares of common stock | shares |
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372,023
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372,023
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487,198
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Warrants expire date |
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Nov. 09, 2026
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Initial exercise price of warrants | $ / shares |
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$ 1.34
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$ 1.34
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$ 0.39
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Warrants adjusted strike price | $ / shares |
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$ 0.49
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$ 1.00
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$ 1.00
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Number of trading days of average closing price of common stock | d |
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10
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Additional Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights | shares |
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63,779
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DPG Warrants |
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Debt Instrument [Line Items] |
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Finder's fee |
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$ 500,000
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Credit Agreement First Amendment |
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Debt Instrument [Line Items] |
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Additional warrants to purchase common stock value |
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$ 100,000
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Additional finders fee |
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100,000
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Credit Agreement First Amendment | SWK Warrants |
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Debt Instrument [Line Items] |
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Additional warrants to purchase common stock value |
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$ 200,000
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Business Financing Agreement |
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Debt Instrument [Line Items] |
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Non current term loans |
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2,980,000
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Loan forgiveness description of period |
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The review may include the loan forgiveness application, as well as whether the Company received the proper loan amount. There can be no assurance as to the result of any such SBA review
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Period For Review Of Forgiveness Of Loan |
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6 years
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Business Financing Agreement |
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Debt Instrument [Line Items] |
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Note interest rate per annum |
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3.75%
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Non current term loans |
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$ 150,000
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150,000
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Loan principal amount |
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$ 150,000
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Loan periodic payment terms |
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installment payments, including principal and interest, are due monthly beginning in July 2021 and are payable through July 2050. In April 2021, the SBA announced that it was extending the first payment due date for all loans until 2022, or 24 months from the loan execution date. The Company is obligated to begin making payments on this EIDL Loan starting in May 2022. Fixed payments are first applied to any accrued interest.
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Extension of loan due date |
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2022
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Loan balance payment terms |
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payable through July 2050
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Maximum | SWK Warrants |
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Debt Instrument [Line Items] |
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Change in fair value of warrants |
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$ 100,000
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Warrants issued to purchase shares of common stock | shares |
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372,023,000
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372,023,000
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Initial exercise price of warrants | $ / shares |
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$ 0.88
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Maximum | DPG Warrants |
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Debt Instrument [Line Items] |
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Warrants issued to purchase shares of common stock | shares |
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279,851,000
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279,851,000
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Maximum | BIOLASE Warrants Member |
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Debt Instrument [Line Items] |
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Warrants issued to purchase shares of common stock | shares |
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34,552,000
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34,552,000
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Maximum | Business Financing Agreement |
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Debt Instrument [Line Items] |
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Nonpayroll costs eligible for loan forgiveness percentage |
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40.00%
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Minimum | SWK Warrants |
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Debt Instrument [Line Items] |
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Initial exercise price of warrants | $ / shares |
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$ 1.34
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Minimum | Business Financing Agreement |
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Debt Instrument [Line Items] |
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Nonpayroll costs eligible for loan forgiveness percentage |
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25.00%
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Pacific Mercantile Bank | Credit Agreement First Amendment |
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Debt Instrument [Line Items] |
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Proceeds from issuance of equity securities |
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$ 8,000,000.0
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Company maintains unrestricted cash |
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$ 1,500,000
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Pacific Mercantile Bank | Business Financing Agreement |
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Debt Instrument [Line Items] |
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Loan granted amount from bank |
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$ 2,980,000
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Note issued date |
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Apr. 13, 2020
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|
|
|
|
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|
|
|
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|
|
Note maturity date |
|
|
|
Apr. 13, 2022
|
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|
Note interest rate per annum |
|
|
|
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
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|
Note payable commencing date |
|
|
|
Nov. 01, 2020
|
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|
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|
|
Non current term loans |
|
|
|
$ 3,000,000.0
|
|
|
|
|
|
|
|
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|
Western Alliance | Business Financing Agreement |
|
|
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|
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|
|
|
|
|
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|
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|
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|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments of lines of credit |
|
|
|
|
|
|
|
$ 900,000
|
|
|
|
|
|
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|
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|
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|
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|
SWK Loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
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|
Line of credit facility, maximum borrowing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 12,500,000
|
Non current term loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 14,300,000
|
14,300,000
|
|
|
|
|
|
|
|
|
|
|
Line of credit facility term |
|
|
|
|
|
|
|
5 years
|
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|
|
|
|
|
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|
|
|
|
|
|
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|
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|
|
Borrowings under lines of credit |
|
|
|
|
|
|
|
$ 12,500,000
|
|
|
|
|
|
|
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|
Debt instrument, repayment of interest-only on loan period |
|
|
|
|
|
|
|
2 years
|
|
|
|
|
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|
|
|
|
|
|
|
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|
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|
|
Debt instrument, principal repayments beginning term |
|
|
|
|
|
|
|
2021
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments of lines of credit |
|
|
|
|
|
|
|
$ 700,000
|
|
|
|
|
|
|
|
|
|
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|
|
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|
|
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|
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|
Debt instrument, maturity term |
|
|
|
|
|
|
|
2023
|
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|
|
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|
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|
Debt instrument covenant description |
|
|
|
|
|
|
|
|
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|
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|
|
|
(i) maintain unencumbered liquid assets of (A) no less than $1.5 million or (B) the sum of aggregate cash flow from operations less capital expenditures, (ii) achieve certain revenue and EBITDA levels during the first two years of the loan, (iii) limit future borrowing, investments and dividends, and (iv) submit monthly and quarterly financial reporting.
|
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|
Debt issuance costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,000,000.0
|
|
|
|
|
|
|
|
Interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,700,000
|
1,800,000
|
|
$ 2,200,000
|
|
|
|
|
|
|
|
|
Incremental amendment fee |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,000
|
|
|
|
|
|
|
|
|
|
|
|
SWK Loan | LIBOR |
|
|
|
|
|
|
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|
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|
|
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|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Line of credit facility bearing floating interest rate per annum |
|
|
|
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Line of credit facility interest rate description |
|
|
|
|
|
|
|
plus 10% or another index that approximates LIBOR as close as possible if and when LIBOR no longer exists.
|
|
|
|
|
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|
|
|
|
|
|
|
|
SWK Loan | Credit Agreement First Amendment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Line of credit facility, maximum borrowing capacity |
|
|
|
|
|
$ 15,000,000.0
|
$ 15,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument covenant description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(i) adjust minimum revenue and EBITDA levels, (ii) require the Company to have a shelf registration statement declared effective by the Securities and Exchange Commission before September 30, 2019, with a proposed maximum aggregate offering price of at least $10.0 million if the Company does not reach set minimum revenue levels for the three-month period ended September 30, 2019, and (iii) require minimum liquidity of $1.5 million at all times. The First Amendment provided that if aggregate minimum revenue and EBITDA levels were not achieved by September 30, 2019, the minimum liquidity requirement would be increased to $3.0 million, until the Company has obtained additional equity or debt funding of no less than $5.0 million.
|
|
|
|
|
|
|
|
|
Minimum level of liquidity financial covenant |
|
|
|
|
|
1,500,000
|
1,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional equity or debt funding requirement until minimum liquidity is met |
|
|
|
|
|
5,000,000.0
|
5,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maximum aggregate offering price |
|
|
|
|
|
10,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in minimum liquidity requirement if aggregate minimum revenue and EBITDA levels are not achieved |
|
|
|
|
|
3,000,000.0
|
3,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial covenant additional borrowings |
|
|
|
|
|
2,500,000
|
2,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan origination and other fees to be paid |
|
|
|
|
|
$ 100,000
|
$ 100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SWK Loan | Credit Agreement, Second Amendment [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Line of credit facility, maximum borrowing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross proceeds from subordinated debt threshold limit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
SWK Loan | Credit Agreement, Sixth Amendment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments of lines of credit |
|
$ 700,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SWK Loan | Credit Agreement Eighth Amendment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note maturity date |
May 31, 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Interest Rate, Basis Point |
200 basis points
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SWK Loan | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument covenants unencumbered liquid assets |
|
|
|
|
|
|
|
$ 1,500,000
|
$ 1,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SWK Loan | Maximum | Credit Agreement, Fifth Amendment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subordinated debt issued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 10,000,000.0
|
|
|
|
|
|
|
|
|
|
SWK Loan | Maximum | Credit Agreement, Seventh Amendment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument covenants unencumbered liquid assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 15,000,000
|
|
|
|
|
|
|
SWK Loan | Maximum | Credit Agreement Eighth Amendment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument covenants unencumbered liquid assets |
$ 7,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SWK Loan | Minimum | Credit Agreement, Fifth Amendment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument covenants unencumbered liquid assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,000,000.0
|
|
|
|
|
|
$ 1,500,000
|
|
|
|
Revenue target |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
41,000,000.0
|
|
|
|
|
|
|
|
|
|
EBITDA target |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 7,000,000.0
|
|
|
|
|
|
|
|
|
|
SWK Loan | Minimum | Credit Agreement, Seventh Amendment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument covenants unencumbered liquid assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 15,000,000
|
|
|
|
|
|
|
Loan Agreement | Pacific Mercantile Bank |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Line of credit facility, maximum borrowing capacity |
|
|
|
|
$ 3,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maximum borrowing base percentage of eligible accounts |
|
|
|
|
90.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maximum borrowing base percentage of eligible inventory |
|
|
|
|
75.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Line of credit facility expiration date |
|
|
|
|
Oct. 28, 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate |
|
|
|
|
1.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Line of credit, outstanding borrowings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0
|
$ 0
|
|
|
|
|
|
|
|
|
|
|
Loan Agreement | Pacific Mercantile Bank | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate |
|
|
|
|
6.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan Agreement | Exim Bank |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Initial and annual fee |
|
|
|
|
$ 52,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|