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Note Payable (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Carrying Value of Note Payable

As of June 30, 2022 the carrying value of the note payable consists of the following:

 

 

June 30,
2022

 

 

 

(in thousands)

 

Note payable, including End of Term Charge

 

$

16,350

 

Debt discount, net of accretion

 

 

(1,246

)

Note payable, net of discount, long-term

 

$

15,104

 

Future Principal Payments

As of June 30, 2022, the future principal payments due under the arrangement, excluding interest and the end of term charge, are as follows:

Year Ending December 31,

 

Principal

 

2022

 

$

 

2023

 

 

 

2024

 

 

1,875

 

2025

 

 

7,500

 

2026

 

 

5,625

 

Total

 

$

15,000