Annual report pursuant to Section 13 and 15(d)

Notes Payable (Tables)

v3.23.1
Notes Payable (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Debt Balance sheet information related to the notes payable for the Notes is as follows (in thousands):
  As of December 31,
  2022 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 1,828  3,217 
Carrying value of notes payable 19,416  32,833 
Less: Current portion 5,930  — 
Carrying value of notes payable, non-current $ 13,486  $ 32,833 
1 Balance includes $1.1 million final payment fee for the Notes, which represents 3% of the original principal loan amount.
Schedule of Maturities of Long-term Debt
As of December 31, 2022, the contractual future principal payments were as follows (in thousands):
     As of December 31, 2022
2023 5,930 
2024 13,463 
2025 1,851 
2026 — 
Total principal payments1
$ 21,244 
1 Balance includes $1.1 million final payment fee, which represents 3% of the original principal loan amount