Quarterly report pursuant to Section 13 or 15(d)

Line of Credit (Details Narrative)

v3.20.4
Line of Credit (Details Narrative) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended
Nov. 30, 2018
Mar. 31, 2020
Dec. 31, 2019
Nov. 13, 2018
Line of credit   $ 1,200 $ 3,000  
Line of credit outstanding accounts receivable   2,200    
Silicon Valley Bank [Member]        
Line of credit $ 850      
Line of credit outstanding accounts receivable   $ 2,550    
Line of credit facility, description The proceeds of the term loan are expected to be used for laboratory capital expenditures and will be repaid monthly. The balance of the Line of Credit is available for working capital purposes as a revolving line of credit and has a three-year term. The borrowing limit of the revolving line of credit is the lower of 80% of the Company's eligible accounts receivable (as adjusted by SVB) and the aggregate amount of cash collections with respect to accounts receivable during the three prior calendar months. The amount that may be borrowed under the Revolving Line is the lower of (i) $3.75 million or (ii) 80% of the Company's eligible accounts receivable (as adjusted by SVB). Revolving Line outstanding amounts incur interest at a rate per annum equal to the Wall Street Journal Prime Rate plus 0.5%. The Company is also required to pay an unused Revolving Line facility fee monthly in arrears in an amount equal to 0.35% per annum of the average unused but available portion of the Revolving Line. The term loan portion of the SVB Loan Agreement has a maturity date of May 2, 2022, and the Revolving Line has a maturity date three years from the effective date, or November 13, 2021    
Line of credit, percentage 0.50%      
Revolving Line facility fee monthly in arrears, percentage   0.35%    
Line of credit, maturity date   Nov. 13, 2021    
Withdrawn of available funds   $ 1,200    
Silicon Valley Bank [Member] | Prime Rate [Member]        
Line of credit, percentage 5.00% 0.50%    
Loan and Security Agreement [Member] | Silicon Valley Bank [Member]        
Line of credit       $ 4,000
Line of credit outstanding accounts receivable       3,750
Loan and Security Agreement [Member] | Silicon Valley Bank [Member] | Term Loan [Member]        
Line of credit       $ 850