Loans Payable (Tables)

12 Months Ended

Dec. 31, 2020

Loans Payable

Schedule of debt

The following table summarizes how the issuance of Term Loans A, B, and C are reflected on the balance sheet at December 31, 2020 and 2019 (in thousands):

	December 31,
	2020		2019
Gross proceeds	$	—	$	3,167
Debt discount and debt issuance costs (1)		—		1,870
Carrying value		—		5,037
Current portion of loans payable, net		—		5,037
Loans payable, net	$	—	$	—

(1) Includes the final fee payment due upon last payment date of the amounts borrowed.