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Note Payable | 12 Months Ended
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Dec. 31, 2021
Note Payable |
Note Payable | Note 11. Note Payable In connection with the acquisition of CRYOPDP, the Company assumed an interest free unsecured note payable of €4.0 million ($4.5 million) repayable in two installments. The first installment of €3.0 million ($3.4 million) was paid in December 2021 and the second installment of €1.0 million ($1.1 million) is to be repaid no later than December 31, 2022. A fair market value discount of €0.2 million ($0.3 million) was recorded and is amortized to interest expense using the effective interest method over the term of the note. During the years ended December 31, 2021 and 2020, the Company amortized €0.2 million ($0.2 million) and $0.0 million, respectively, of the debt discount to interest expense for this note.

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