XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.21.2

Term Loan | 9 Months Ended
--- | ---
Sep. 30, 2021
Term Loan [Abstract] |
Term Loan | 9. Term Loan The Company has a Loan and Security Agreement dated as of April 28, 2020 with Pacific Western Bank (PacWest or the Bank) for an initial term loan limit not exceeding $12.0 million (the Loan Agreement) to finance leasehold improvements for the facilities in Redwood City, CA and other purposes permitted under the Loan Agreement, with an interest rate equal to the greater of 0.25% above the Prime Rate (as defined in the Loan Agreement) or 5.00%. As of September 30, 2021, no amounts had been drawn under the Loan Agreement and the deferred debt issuance costs were $0.1 million and are included in other noncurrent assets on the Company’s consolidated balance sheets. On October 21, 2021, the Company entered into a Fourth Amendment of the Loan Agreement (the Loan Amendment) under which the Bank will provide one or more term loans (the Term Loans), as well as certain non-formula ancillary services, which shall not exceed $5.5 million in the aggregate. The aggregate sum of the outstanding Term Loans and non-formula ancillary services shall at no time exceed $15.0 million, with each term loan to be in an amount of not less than $1.0 million. Pursuant to the Loan Amendment, the interest rate for the Term Loans shall be set at an annual rate equal to the greater of (i) 0.25% above the Prime Rate then in effect and (ii) 4.25%. Other than as disclosed in this Quarterly Report on Form 10-Q, there have been no material changes in the Loan Agreement from those disclosed in Note 9 to consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2020.

X
- Definition Term loan abstract [Abstract] + References No definition available. + Details
Name: | acet_TermLoanAbstract
Namespace Prefix: | acet_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration