| Schedule of exercisable outstanding warrants for purchase of common stock issued |
At September 30, 2022, the Company had the following exercisable outstanding warrants for the purchase of common stock issued in connection with the Company’s loan agreements with SVB:
|
Expiration |
|
Number of shares |
|
|
Exercise price |
|
|
November 14, 2023 through June 4, 2024 |
|
|
3,874 |
|
|
$ |
77.40 |
|
|
January 25, 2024 |
|
|
4,669 |
|
|
$ |
51.40 |
|
|
May 3, 2025 |
|
|
5,363 |
|
|
$ |
26.10 |
|
|
|
|
|
13,906 |
|
|
|
|
|
As of September 30, 2022, the Company had the following outstanding warrants for the purchase of common stock:
|
Expiration |
|
Number of shares |
|
|
Exercise price |
|
|
November 14, 2023 through June 4, 2024 |
|
|
3,874 |
|
|
$ |
77.40 |
|
|
January 25, 2024 |
|
|
4,669 |
|
|
$ |
51.40 |
|
|
March 27, 2024 |
|
|
1,369,602 |
|
|
$ |
27.00 |
|
|
May 3, 2025 |
|
|
5,363 |
|
|
$ |
26.10 |
|
|
August 27, 2030 |
|
|
1,889,513 |
|
|
$ |
0.01 |
|
|
August 31, 2030 |
|
|
1,358,993 |
|
|
$ |
0.01 |
|
|
June 21, 2032 |
|
|
2,205,018 |
|
|
$ |
0.01 |
|
|
September 2, 2032 |
|
|
150,753 |
|
|
$ |
1.99 |
|
|
|
|
|
6,987,785 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Long-term debt and unamortized debt discount balances |
Long-term debt and unamortized debt discount balances were as follows (in thousands):
|
|
|
September 30, |
|
|
December 31, |
|
|
|
|
2022 |
|
|
2021 |
|
|
Long-term debt |
|
$ |
10,000 |
|
|
$ |
1,400 |
|
|
Less debt discount, net of current portion |
|
|
(905 |
) |
|
|
— |
|
|
Long-term debt, net of debt discount |
|
|
9,095 |
|
|
|
1,400 |
|
|
Less current portion of long-term debt |
|
|
— |
|
|
|
(1,400 |
) |
|
Long-term debt, net of current portion |
|
$ |
9,095 |
|
|
$ |
— |
|
|
Current portion of long-term debt |
|
$ |
— |
|
|
$ |
1,400 |
|
|
Current portion of debt discount |
|
|
— |
|
|
|
(9 |
) |
|
Current portion of long-term debt, net |
|
$ |
— |
|
|
$ |
1,391 |
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of future minimum principal and interest payments |
Future minimum principal and interest payments under the RGC Loan Agreement, including the final payment, as of September 30, 2022 are as follows (in thousands):
|
Remaining 2022 |
|
$ |
316 |
|
|
2023 |
|
|
1,141 |
|
|
2024 |
|
|
2,382 |
|
|
2025 |
|
|
5,736 |
|
|
2026 |
|
|
4,351 |
|
|
|
|
|
13,926 |
|
|
Less interest and final payment |
|
|
(3,926 |
) |
|
Long-term debt |
|
$ |
10,000 |
|
|