XML 67 R54.htm IDEA: XBRL DOCUMENT v3.23.1
Debt - Additional Information (Detail)
1 Months Ended 9 Months Ended 12 Months Ended
Nov. 18, 2021
USD ($)
Aug. 12, 2020
USD ($)
May 22, 2020
USD ($)
May 07, 2019
USD ($)
shares
May 07, 2019
USD ($)
shares
Nov. 09, 2018
USD ($)
d
$ / shares
shares
Apr. 30, 2021
Mar. 31, 2020
USD ($)
$ / shares
shares
Nov. 30, 2019
$ / shares
Oct. 31, 2019
$ / shares
Sep. 30, 2021
USD ($)
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Jun. 30, 2020
USD ($)
Dec. 31, 2019
Dec. 31, 2018
USD ($)
Jun. 30, 2022
USD ($)
Feb. 24, 2021
USD ($)
Feb. 10, 2021
$ / shares
Jun. 10, 2020
$ / shares
shares
May 15, 2020
USD ($)
Sep. 30, 2019
USD ($)
Mar. 31, 2019
USD ($)
Nov. 14, 2018
shares
Debt Instrument [Line Items]                                                  
Change in fair value of warrants                       $ 0 $ 0 $ (5,850,000)                      
Non current term loans                       13,791,000 13,603,000                        
Borrowings under lines of credit                       0 0 3,000,000                      
Repayments of lines of credit                       0 0 3,000,000                      
Debt issuance costs                       $ 0 25,000 128,000                      
Weighted-average interest rate                       11.60%                          
EBITDA target                       $ (25,338,000) (16,431,000) (18,536,000)                      
Share price | $ / shares                                       $ 25.75          
Common Stock                                                  
Debt Instrument [Line Items]                                                  
Warrants issued to purchase shares of common stock | shares                                         432,000,000        
Initial exercise price of warrants | $ / shares                                         $ 12.875        
Warrants Issued on November 9, 2018                                                  
Debt Instrument [Line Items]                                                  
Loan origination fee                       1,400,000                          
SWK Warrants                                                  
Debt Instrument [Line Items]                                                  
Warrants expiration period           8 years                                      
Warrants fair value assumptions, expected volatility rate           81.79%                                      
Warrants fair value assumptions annual dividend per share | $ / shares           $ 0.00                                      
Warrants fair value assumptions, risk-free interest rate           3.13%                                      
Change in fair value of warrants           $ 400                                      
Warrants issued to purchase shares of common stock | shares           372,023   487,198                                  
Warrants expire date           Nov. 09, 2026                                      
Initial exercise price of warrants | $ / shares           $ 33.50   $ 9.75                                  
Warrants adjusted strike price | $ / shares               $ 12.25 $ 25.00 $ 1.00                              
Number of trading days of average closing price of common stock | d           10                                      
Additional Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights | shares               63,779                                  
SWK Warrants | Warrants Issued on November 9, 2018                                                  
Debt Instrument [Line Items]                                                  
Additional Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights | shares           372,023                                      
DPG Warrants                                                  
Debt Instrument [Line Items]                                                  
Finder's fee           $ 500,000                                      
Additional Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights | shares           279,851                                      
BIOLASE Warrants Member                                                  
Debt Instrument [Line Items]                                                  
Additional Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights | shares           14,881,000,000                                      
BIOLASE Warrants Member | Common Stock                                                  
Debt Instrument [Line Items]                                                  
Additional Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights | shares       1,382 1,382                                       11,194
BIOLASE Warrants Member | Warrants Issued on May, 2019                                                  
Debt Instrument [Line Items]                                                  
Additional Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights | shares       34,552 34,552                                        
Credit Agreement First Amendment                                                  
Debt Instrument [Line Items]                                                  
Interest expense                       800,000 200,000 300,000                      
Additional warrants to purchase common stock value       $ 100,000                                          
Additional finders fee       100,000                                          
Credit Agreement First Amendment | SWK Warrants                                                  
Debt Instrument [Line Items]                                                  
Additional warrants to purchase common stock value       200,000                                          
Business Financing Agreement                                                  
Debt Instrument [Line Items]                                                  
Note interest rate per annum     3.75%                                            
Non current term loans                       $ 150,000 150,000                        
Loan principal amount     $ 150,000                                            
Loan periodic payment terms     installment payments, including principal and interest, are due monthly beginning in July 2021 and are payable through July 2050. In April 2021, the SBA announced that it was extending the first payment due date for all loans until 2022, or 24 months from the loan execution date. In March 2022, the SBA announced that it was extending the first payment due date for all loans an additional six months, or 30 months from the loan execution date. The Company began making payments on this EIDL Loan starting in November 2022. Fixed payments are first applied to any accrued interest.                                            
Extension of loan due date             2022                                    
Loan balance payment terms     payable through July 2050                                            
Credit Agreement Ninth Amendment [Member]                                                  
Debt Instrument [Line Items]                                                  
Loan principal amount                                   $ 1,000,000.0              
Maximum | SWK Warrants                                                  
Debt Instrument [Line Items]                                                  
Change in fair value of warrants               $ 100,000                                  
Initial exercise price of warrants | $ / shares                       $ 22.00                          
Minimum | SWK Warrants                                                  
Debt Instrument [Line Items]                                                  
Initial exercise price of warrants | $ / shares                       $ 33.50                          
Western Alliance | Business Financing Agreement                                                  
Debt Instrument [Line Items]                                                  
Repayments of lines of credit           $ 900,000                                      
SWK Loan                                                  
Debt Instrument [Line Items]                                                  
Line of credit facility, maximum borrowing capacity                                               $ 12,500,000  
Interest rate           10.00%                                      
Non current term loans                       $ 14,650,000 14,300,000                        
Line of credit facility term           5 years                                      
Borrowings under lines of credit           $ 14,350,000                                      
Repayments of lines of credit           $ 700,000                                      
Debt instrument covenant description                       (i) maintain unencumbered liquid assets of (A) no less than $1.5 million or (B) the sum of aggregate cash flow from operations less capital expenditures, (ii) achieve certain revenue and EBITDA levels during the first two years of the loan, (iii) limit future borrowing, investments and dividends, and (iv) submit monthly and quarterly financial reporting.                          
Debt issuance costs                                 $ 1,000,000.0                
Interest expense                       $ 2,800,000 $ 1,700,000 $ 1,800,000                      
SWK Loan | Credit Agreement First Amendment                                                  
Debt Instrument [Line Items]                                                  
Line of credit facility, maximum borrowing capacity       15,000,000.0 $ 15,000,000.0                                        
Debt instrument covenant description                               (i) adjust minimum revenue and EBITDA levels, (ii) require the Company to have a shelf registration statement declared effective by the Securities and Exchange Commission before September 30, 2019, with a proposed maximum aggregate offering price of at least $10.0 million if the Company does not reach set minimum revenue levels for the three-month period ended September 30, 2019, and (iii) require minimum liquidity of $1.5 million at all times. The First Amendment provided that if aggregate minimum revenue and EBITDA levels were not achieved by September 30, 2019, the minimum liquidity requirement would be increased to $3.0 million, until the Company has obtained additional equity or debt funding of no less than $5.0 million.                  
Minimum level of liquidity financial covenant       1,500,000 1,500,000                                        
Additional equity or debt funding requirement until minimum liquidity is met       5,000,000.0 5,000,000.0                                        
Maximum aggregate offering price         10,000,000.0                                        
Increase in minimum liquidity requirement if aggregate minimum revenue and EBITDA levels are not achieved       3,000,000.0 3,000,000.0                                        
Financial covenant additional borrowings       2,500,000 2,500,000                                        
Loan origination and other fees to be paid       $ 100,000 $ 100,000                                        
SWK Loan | Credit Agreement, Second Amendment [Member]                                                  
Debt Instrument [Line Items]                                                  
Line of credit facility, maximum borrowing capacity                                             $ 5,000,000    
Gross proceeds from subordinated debt threshold limit                     $ 5,000,000                            
SWK Loan | Credit Agreement, Sixth Amendment                                                  
Debt Instrument [Line Items]                                                  
Repayments of lines of credit   $ 700,000                                              
SWK Loan | Credit Agreement Eighth Amendment                                                  
Debt Instrument [Line Items]                                                  
Note maturity date May 31, 2025                                                
Debt Instrument, Interest Rate, Basis Point 200 basis points                                                
SWK Loan | Maximum                                                  
Debt Instrument [Line Items]                                                  
Debt instrument covenants unencumbered liquid assets                       $ 1,500,000                          
SWK Loan | Maximum | Credit Agreement, Fifth Amendment                                                  
Debt Instrument [Line Items]                                                  
Subordinated debt issued                             $ 10,000,000.0                    
SWK Loan | Maximum | Credit Agreement, Seventh Amendment                                                  
Debt Instrument [Line Items]                                                  
Debt instrument covenants unencumbered liquid assets                                     $ 15,000,000            
SWK Loan | Maximum | Credit Agreement Eighth Amendment                                                  
Debt Instrument [Line Items]                                                  
Debt instrument covenants unencumbered liquid assets $ 7,500,000                                                
SWK Loan | Minimum | Credit Agreement, Fifth Amendment                                                  
Debt Instrument [Line Items]                                                  
Debt instrument covenants unencumbered liquid assets                             3,000,000.0             $ 1,500,000      
Revenue target                             41,000,000.0                    
EBITDA target                             $ 7,000,000.0                    
SWK Loan | Minimum | Credit Agreement, Seventh Amendment                                                  
Debt Instrument [Line Items]                                                  
Debt instrument covenants unencumbered liquid assets                                     $ 15,000,000