Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

v3.21.2
Notes Payable (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Debt
Balance sheet information related to the note payable for the Notes is as follows (in thousands):
As of
  September 30, 2021 December 31, 2020 Maturity
Initial Note 20,600  —  January 2025
Second Note 10,300  —  February 2025
Third Note 5,150  —  April 2025
Notes payable, gross1
36,050  — 
Less: Unamortized debt discount and issuance costs 3,567  — 
Carrying value of notes payable, non-current $ 32,483  $ — 

1 Balance includes $1.1 million final payment fee for the Notes, which represents 3% of the principal loan amount.
Schedule of Estimated Future Principal Payments As of September 30, 2021, the estimated future principal payments due on the Notes were as follows (in thousands):
  As of September 30, 2021
2021 $ — 
2022 — 
2023 10,278 
2024 23,333 
2025 2,439 
Total principal payments1
$ 36,050 

1 Balance includes $1.1 million final payment fee, which represents 3% of the principal loan amount.