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Debt (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of debt consisted |
|  | June 30, 2022 |  |  | December 31, 2021 |
Note payable – SPA Note |  | $ | 65,000 |  |  | $ | — |
PPP Loan |  |  | 779 |  |  |  | 804 |
Navitas Loan |  |  | 32 |  |  |  | — |
Other notes payable (1) |  |  | 848 |  |  |  | 297 |
Total debt |  |  | 66,659 |  |  |  | 1,101 |
Less: unamortized debt discount |  |  | (12,030 | ) |  |  | — |
Total debt, net of debt discount |  |  | 54,629 |  |  |  | 1,101 |
Less: current portion, net of current unamortized debt discount |  |  | (9,615 | ) |  |  | (1,089 | )
Long-term debt |  | $ | 45,014 |  |  | $ | 12 |
| (1) | Other notes payable relate to a one-year insurance premium that was financed over nine months.
Schedule excluding operating lease liabilities and finance lease liabilities |
(In thousands) |  | Balance at January 1, 2022 |  |  | Additions |  |  | Payments |  |  | Amortization of Debt Discount |  |  | Balance at June 30, 2022 |
Direct issuance costs |  | $ | — |  |  |  | 2,669 |  |  |  | — |  |  |  | (247 | ) |  | $ | 2,422 |
Accrued interest expense |  | $ | — |  |  |  | (1,195 | ) |  |  | 829 |  |  |  | — |  |  | $ | (366 | )
Principal |  | $ | — |  |  | $ | 65,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 65,000 |
Notes payable, discount |  |  | — |  |  |  | (13,258 | ) |  |  | — |  |  |  | 1,228 |  |  |  | (12,030 | )
Net carrying amount |  | $ | — |  |  | $ | 51,742 |  |  | $ | — |  |  | $ | 1,228 |  |  | $ | 52,970 |
Schedule of PPP loan balances by current and non-current |
(In thousands) |  | Short-Term |  |  | Long-Term |  |  | Notes Payable, Net |
Direct issuance costs |  | $ | 908 |  |  | $ | 1,514 |  |  | $ | 2,422 |
Principal |  | $ | 13,000 |  |  | $ | 52,000 |  |  | $ | 65,000 |
Unamortized discount |  |  | (4,511 | ) |  |  | (7,519 | ) |  |  | (12,030 | )
Net carrying amount |  | $ | 8,489 |  |  | $ | 44,481 |  |  | $ | 52,970 |
Schedule of future minimum payments |
Years ending December 31 (In thousands), |  |  |  |
Remaining 2022 |  |  | $ | 980 |
2023 |  |  |  | 28,894 |
2024 |  |  |  | 31,483 |
2025 |  |  |  | 5,302 |
2026 and thereafter |  |  |  | — |
Total future payments |  |  | $ | 66,659 |
Schedule of PPP loan balances by current and non-current |
(In thousands) |  | Balance Sheet Location |  |  | June 30, 2022 |  |  | December 31, 2021 |
PPP Loan, current |  |  | Long-term debt, current |  |  | $ | 255 |  |  | $ | 792 |
PPP Loan, non-current |  |  | Long-term debt |  |  |  | 524 |  |  |  | 12 |
Total PPP Loan outstanding |  |  |  |  |  | $ | 779 |  |  | $ | 804 |

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