| Schedule of future minimum payments under the sub agreement |
|
(in thousands)
|
|
|
|
2021 (remaining six months)
|
|
$
|
|
|
|
2022
|
|
|
1,500 |
|
|
2023
|
|
|
6,000 |
|
|
2024
|
|
|
6,000 |
|
|
2025
|
|
|
1,500 |
|
| |
|
|
15,000 |
|
|
End of term charge
|
|
|
1,125 |
|
| |
|
|
16,125 |
|
|
Less unamortized debt discount
|
|
|
(1,596 |
)
|
|
Loan Agreement borrowing net of discount
|
|
|
14,529 |
|
|
Less current portion
|
|
|
|
|
|
Loan Agreement borrowings, non-current portion
|
|
$
|
14,529 |
|
|
|
Years ending December 31:
|
|
|
|
|
|
2021
|
|
$
|
3,719,265 |
|
|
2022
|
|
|
4,190,960 |
|
|
2023
|
|
|
1,511,938 |
|
| |
|
|
9,422,163 |
|
|
End of term charge
|
|
|
650,000 |
|
| |
|
|
10,072,163 |
|
|
Less unamortized debt discount
|
|
|
(194,816 |
)
|
|
Sub agreement borrowing net of discount
|
|
|
9,877,347 |
|
|
Less current portion
|
|
|
(3,719,265 |
)
|
|
Sub agreement borrowings, non-current portion
|
|
$
|
6,158,082 |
|
|