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Debt
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Debt Debt
 
Loan and Security Agreement
 
On November 3, 2017, the Company entered into a loan and security agreement, or Loan and Security Agreement, with Silicon Valley Bank. The Loan and Security Agreement allowed the Company to borrow up to $35.0 million, with a $25.0 million advance term loan, or Term Loan Advance, and a revolving line of credit of up to $10.0 million, or Revolving Line of Credit. The Company had not drawn on the Revolving Line of Credit as of September 30, 2022. Borrowings under the Loan and Security Agreement matured on October 1, 2022. Amounts were borrowed and repaid under the Revolving Line of Credit up until the earliest of full repayment or maturity of the Loan and Security Agreement, termination of the Loan and Security Agreement, or October 1, 2022.
 
The Term Loan Advance bore interest at a variable rate equal to (i) the thirty-day U.S. London Interbank Offer Rate, or LIBOR, plus (ii) 4.20%, with a minimum rate of 5.43% per annum. Principal amounts outstanding under the Revolving Line of Credit bore interest at a variable rate equal to (i) LIBOR plus (ii) 3.50%, with a minimum rate of 4.70% per annum.
 
A final payment on the Term Loan Advance in the amount of $1.2 million was due upon the earlier of the maturity date of the Term Loan Advance or its payment in full. The Loan and Security Agreement contained customary representations, warranties, and events of default, as well as affirmative and negative covenants. As of September 30, 2022, the Company was in compliance with the loan covenants. The Company’s obligations under the Loan and Security Agreement were secured by substantially all of its assets (excluding intellectual property), subject to certain customary exceptions.
 
The debt obligation for borrowings made under the Loan and Security Agreement was as follows (in thousands of dollars):
 
 September 30, 2022December 31, 2021
Debt principal$— $— 
End-of-term debt obligation1,187 1,026 
Total debt obligation$1,187 $1,026 
 
As of September 30, 2022, the principal balance outstanding was one dollar. In October 2022, the Loan and Security Agreement matured, and the outstanding principal and final payment, totaling $1.2 million, was repaid in full.
 
The end-of-term debt obligation accreted over the term of the Loan and Security Agreement until maturity and is included in other income(loss), net in the Company's condensed consolidated statements of operations.