Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt consisted of the following (in thousands):


	September 30,		December 31,
	2020		2019
SVB Loan Principal	$	5,609	$	5,609
PPP Loan Principal	2,417		—
Total Loan Principal	8,026		5,609
Less: Unamortized SVB debt discount	(49)		(102)
Net carrying value	7,977		5,507
Less: SVB current maturities, net of debt discount	3,465		2,664
Less: PPP current maturities	1,477		—
Total current maturities, net of debt discount	4,942		2,664
Long-term SVB obligations, net of current maturities and debt discount	2,095		2,843
Long-term PPP obligations, net of current maturities	940		—
Total long-term obligations, net of current maturities and debt discount	$	3,035	$	2,843

Schedule of Maturities of Long-term Debt

Future minimum principal payments are as follows (in thousands):


Future Minimum Principal Payments	SVB Loan		PPP Loan		Total
Remainder of 2020	$	874	$	269	$	1,143
2021	3,498		1,611		5,109
2022	1,237		537		1,774
	$	5,609	$	2,417	$	8,026

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details