Notes Payable (Tables)

3 Months Ended

Mar. 31, 2022

Balance sheet information related to the note payable for the Notes is as follows (in thousands):


	As of
	March 31, 2022		December 31, 2021		Maturity
Initial Note	20,600		20,600		January 2025
Second Note	10,300		10,300		February 2025
Third Note	5,150		5,150		April 2025
Notes payable, gross1	36,050		36,050
Less: Unamortized debt discount and issuance costs	2,867		3,217
Carrying value of notes payable, non-current	$	33,183	$	32,833

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

As of March 31, 2022, the estimated future principal payments due on the Notes were as follows (in thousands):

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