Notes Payable (Tables)

9 Months Ended

Sep. 30, 2022

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


	As of
	September 30, 2022	December 31, 2021	Maturity
Initial Note	12,139	20,600	January 2025
Second Note	6,070	10,300	February 2025
Third Note	3,035	5,150	April 2025
Notes payable, gross1	21,244	36,050
Less: Unamortized debt discount and issuance costs	2,178	3,217
Carrying value of notes payable	19,066	32,833
Less: Current portion	2,564	—
Carrying value of notes payable, non-current	16,502	32,833

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

As of September 30, 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 original principal loan amount.