XML 50 R37.htm IDEA: XBRL DOCUMENT
v3.25.1

Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | The repayment of the Term Loans as aforementioned, is referred to as the “Revenue Base Redemption Feature.”
Test Dates (fiscal Quarter Ending) | Product Revenue Base for 12 months Period
March 31, 2025 | 29,600 |
June 30, 2025 | 33,400 |
September 30, 2025 | 37,800 |
December 31, 2025 | 42,700 |
March 31, 2026 | 46,400 |
June 30, 2026 and each Fiscal Quarter ending thereafter | 50,000 |
As of March 31, 2025, we were in compliance with the Product Revenue Base requirement and no repayments were required. Repayment Premium All repayments and prepayments of the Term Loans (other than on Maturity Date) shall be accompanied by the payment of the premium, which shall be determined based on the timing of the repayment as follows (the “Repayment Premium”):
Time of Repayment | Premium Rate
Within the first 12 months from the funding date of each respective loan. | 3.0% plus the Make-Whole Amount (defined below) (1)
After the first 12 months but before the 24-month anniversary of the funding date of each respective loan. | 3.0%
After the 24-month anniversary but before the 36-month anniversary of the funding date of each respective loan. | 2.0%
After the 36-month anniversary but before the 48-month anniversary of the funding date of each respective loan. | 1.0%
After the 48-month anniversary of the funding date of each respective loan. | 0.0%
(1) “Make-Whole Amount” is equal to the sum of the remaining scheduled interest payments through the 12-month anniversary of the closing date of each respective loa n. The following table summarizes activity within the Term Loan for the three months ended March 31, 2025:
OrbiMed Debt
Initial draw | $ | 25,000 |
Debt issuance costs |
Cash issuance costs | $ | (2,593) |
Noncash issuance costs: |
Revenue base redemption liability | (729) |
Warrant liability | (811) |
Balance at April 30, 2024 | $ | 20,867 |
Amortization of debt issuance costs | 486 |
PIK interest | 604 |
Accretion of exit fee liability | 127 |
Balance at December 31, 2024 | $ | 22,084 |
First Delayed Draw Term Loan Commitment | 10,000 |
Debt issuance costs |
Cash issuance costs | (521) |
Noncash issuance costs: |
Warrant liability | (366) |
Amortization of debt issuance costs | 177 |
PIK interest | 266 |
Accretion of exit fee liability | 59 |
Balance at March 31, 2025 | $ | 31,699 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration