XML 42 R30.htm IDEA: XBRL DOCUMENT v3.24.3

Note 8 - Notes Payable and Convertible Notes Payable (Tables)

9 Months Ended

Sep. 30, 2024

Notes Tables

Schedule of Long-Term Debt Instruments [Table Text Block]

		Stated				September 30,				December 31,
(in thousands, except interest rates)		Interest Rate				2024				2023
Notes payable
Advance Cecil, Inc. (commenced April 2019)			8.00	%		$	144			$	138
Maryland DHCD (commenced February 2019)			8.00	%			724				694
Maryland DHCD (commenced May 2022)			6.00	%			1,083				1,083
Avenue Venture Opportunities Fund, L.P. (commenced May 2021)			15.10	%			10,000				15,000
							11,951				16,915
Unamortized premium (discount) and debt issuance costs							592				(394	)
Less notes payable, current portion, net of unamortized discount and debt issuance costs							(10,875	)			(14,627	)
Notes payable, net of current portion						$	1,668			$	1,894
Convertible notes payable
Avenue Venture Opportunities Fund, L.P. (commenced May 2021)			15.10	%		$	—			$	5,000
Maryland DHCD (commenced December 2022)			6.00	%			5,312				5,308
							5,312				10,308
Unamortized discount and debt issuance costs							(41	)			(174	)
Less convertible notes payable, current portion, net of unamortized discount and debt issuance costs							—				(4,876	)
Convertible notes payable, net of current portion						$	5,271			$	5,258

Schedule of Maturities of Long-Term Debt [Table Text Block]

(in thousands)		2019 MD Loan				2019 Cecil Loan				2021 Avenue Loan				2022 MD Loan				2022 DHCD Loan
2024 (remainder)		$	—			$	—			$	3,000			$	—			$	—
2025			—				—				7,000				347				—
2026			—				—				—				369				—
2027			—				—				—				317				—
2028			—				—				—				—				5,000
2029			—				—				—				—				—
Thereafter			500				100				—				—				—
Total debt principal payments			500				100				10,000				1,033				5,000
Accrued and unpaid interest			224				44				—				50				312
Unamortized premium (discount) and debt issuance costs			—				—				608				(16	)			(41	)
Future debt payments, net		$	724			$	144			$	10,608			$	1,067			$	5,271

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

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration