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Note Payable (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Carrying Value of Note Payable

As of December 31, 2021 the carrying value of the note payable consists of the following:

 

 

December 31, 2021

 

 

 

(in thousands)

 

Note payable, including End of Term Charge

 

 

16,350

 

Debt discount, net of accretion

 

 

(1,405

)

Note payable, net of discount, long-term

 

 

14,945

 

Future Principal Payments

As of December 31, 2021, the future principal payments due under the arrangement, excluding interest and the end of term charge, are as follows:

Year Ending December 31,

 

Principle

 

2022

 

$

 

2023

 

 

 

2024

 

 

1,875

 

2025

 

 

7,500

 

2026

 

 

5,625

 

Total

 

$

15,000