Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.22.0.1
Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Summary of Principal Outstanding and Unamortized Discount

The following table presents the details of the principal outstanding and unamortized discount (in thousands):

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

SWK Loan

 

$

14,300

 

 

$

14,300

 

PPP Loan

 

 

 

 

 

2,980

 

EIDL Loan

 

 

150

 

 

 

150

 

Discount and debt issuance costs on SWK Loan

 

 

(847

)

 

 

(1,244

)

Total

 

 

13,603

 

 

 

16,186

 

Current term loans, net of discount

 

 

 

 

 

 

Non current term loans, net of discount

 

$

13,603

 

 

$

16,186

 

Summary of Future Minimum Principal Payments

The future minimum principal payments as of December 31, 2021, are as follows (in thousands):

 

 

 

Principal

 

 

Interest (1)

 

2022

 

$

 

 

$

1,494

 

2023

 

 

2,100

 

 

 

1,440

 

2024

 

 

2,800

 

 

 

1,170

 

2025

 

 

9,401

 

 

 

1,858

 

2026 and thereafter

 

 

149

 

 

 

89

 

Total future payments

 

$

14,450

 

 

$

6,051

 

 

(1) Estimated using LIBOR rates as at December 31, 2021