Debt and Interest- Additional Information (Detail)
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1 Months Ended |
3 Months Ended |
12 Months Ended |
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Jul. 18, 2019
USD ($)
$ / shares
shares
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Jul. 03, 2018
shares
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Sep. 30, 2017
USD ($)
$ / shares
shares
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Aug. 31, 2017
USD ($)
$ / shares
shares
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Jun. 30, 2017
USD ($)
$ / shares
shares
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May 31, 2017
USD ($)
$ / shares
shares
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May 01, 2017
USD ($)
$ / shares
shares
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Mar. 31, 2017
USD ($)
$ / shares
shares
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Sep. 14, 2016
USD ($)
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Mar. 29, 2019
USD ($)
D
installment
$ / shares
shares
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Jan. 31, 2019
USD ($)
shares
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Mar. 31, 2017
USD ($)
$ / shares
shares
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Jun. 30, 2016 |
Feb. 13, 2014
USD ($)
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Mar. 31, 2018
USD ($)
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Dec. 31, 2019
USD ($)
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Dec. 31, 2018
USD ($)
$ / shares
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Dec. 31, 2017
USD ($)
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Dec. 31, 2016
USD ($)
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Jul. 31, 2017
USD ($)
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Debt [Line Items] |
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Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
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$ 3.47
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Debt Instrument, Interest Rate, Stated Percentage |
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2.50%
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Long-term Debt |
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$ 89,742,000
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$ 84,406,000
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Notes Payable |
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84,656,000
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79,503,000
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Debt Instrument, Term |
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36 months
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Fair Value Adjustment of Warrants |
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27,000
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682,000
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Debt Instrument, Convertible, Terms of Conversion Feature |
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(a) a discount to the price per share being paid in the Sale of Helocyte equal to 33% or (b) a conversion price per share based on a pre-sale valuation of $50.0 million divided by the fully-diluted common stock of Helocyte immediately prior to the Sale of Helocyte (excluding the notes).
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Class Of Warrant Or Right Value Of Securities Called By Warrants Or Rights |
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$ 1,500,000
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Legal Fees |
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$ 25,000,000
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Common shares issued for Opus debt (in shares) | shares |
396,825
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Common Shares Issued For Opus Debt, Issue Price | $ / shares |
$ 1.26
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Line Of Credit Facility, Prepayment Amount |
$ 500,000
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Proceeds from Convertible Debt |
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15,000,000
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0
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Debt Instrument Maturity Period Extension Description |
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The Company may also use the proceeds to finance its subsidiaries. The notes mature 36 months from issuance, provided that during the first 24 months the Company may extend the maturity date by six months
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Debt Instrument Change in Periodic Interest Payment Description |
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Interest on the note is 8% payable quarterly during the first 24 months (or the first 30 months if the note is extended) and monthly during the last 12 months
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Common shares issued (in shares) | shares |
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164,473
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Amortization Payments, Installments | installment |
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18
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Number of Business Days Prior Written Notice | D |
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10
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Debt Instrument, Periodic Payment, Principal |
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$ 500,000
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Percent of Outstanding Loan Principal Amount for Calculation of Repayment Change |
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4.00%
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Percentage Of Amortization Loan Date |
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3.00%
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Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
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2.00%
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Line of Credit Facility, Periodic Payment |
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$ 250,000
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Line of Credit Facility, Periodic Payment, Principal |
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750,000
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Proceeds from Lines of Credit |
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$ 15,000,000
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Accrued Interest Percentage |
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5.00%
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Cash |
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13,000,000
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Percentage of Warrants Included in Debt |
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5.00%
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Class of Warrant or Right, Number of Securities Called by Each Warrant or Right | shares |
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288,184
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Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
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$ 3.47
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Warrants Not Settleable in Cash, Fair Value Disclosure |
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$ 900,000
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Development Option and Stock Purchase Agreement [Member] |
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Debt [Line Items] |
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Fair Value Adjustment of Warrants |
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$ 1,000,000
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1,000,000
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Commercial Paper [Member] |
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Debt [Line Items] |
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Debt Instrument, Face Amount |
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$ 21,700,000
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Common Class B [Member] |
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Debt [Line Items] |
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Debt Conversion, Converted Instrument, Shares Issued | shares |
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1,870,412
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LOC Fees [Member] |
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Debt [Line Items] |
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Debt Instrument, Interest Rate, Stated Percentage |
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2.00%
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Letters of Credit Outstanding, Amount |
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$ 1,100,000
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Maximum |
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Debt [Line Items] |
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Cash |
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13,000,000
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Minimum |
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Debt [Line Items] |
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Cash |
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8,000,000
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Israel Discount Bank Of New York [Member] |
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Debt [Line Items] |
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Current portion of note payable |
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$ 14,900,000
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$ 14,900,000
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Debt Instrument, Face Amount |
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$ 15,000,000
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Idb Promissory Note Payable [Member] |
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Debt [Line Items] |
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Debt Instrument, Interest Rate, Stated Percentage |
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2.25%
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Debt Instrument, Face Amount |
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15,000,000
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Debt Instrument, Unused Borrowing Capacity, Amount |
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100,000
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Debt Instrument, Periodic Payment |
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$ 14,000,000
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Opus Credit Facility [Member] |
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Debt [Line Items] |
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Debt Instrument, Interest Rate, Stated Percentage |
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12.00%
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Line of Credit Facility, Maximum Borrowing Capacity |
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$ 25,000,000
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Debt Instrument, Convertible, Conversion Price | $ / shares |
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$ 10.00
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Warrants and Rights Outstanding |
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$ 9,000,000
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$ 9,500,000
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Maturity Date |
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Sep. 14, 2018
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Horizon Technology Finance Corporation [Member] |
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Debt [Line Items] |
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Legal Fees |
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1,200,000
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Line of Credit Facility, Commitment Fee Amount |
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200,000
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Reimbursement of Legal Fees |
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30,000
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NSC Debt [Member] |
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Debt [Line Items] |
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Debt Instrument, Interest Rate, Effective Percentage |
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14.00%
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Helocyte Convertible Note One [Member] |
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Debt [Line Items] |
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Debt Instrument, Fee Amount |
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$ 400,000
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Class Of Warrant Or Right Value Of Securities Called By Warrants Or Rights |
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$ 400,000
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Class Of Warrant Or Right Exercise Price Percentage Of Warrants Or Rights |
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110.00%
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Proceeds from Debt, Net of Issuance Costs |
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$ 3,900,000
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Helocyte Convertible Note One [Member] | Conversion One [Member] |
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Debt [Line Items] |
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Debt Instrument, Convertible, Terms of Conversion Feature |
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(a) the lowest price per share at which equity securities of Helocyte are sold in such sale less a 33% discount and (b) a per share price based on a pre-offering valuation of $50.0 million divided by the number of common shares outstanding on a fully-diluted basis.
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Helocyte Convertible Note One [Member] | Maximum |
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Debt [Line Items] |
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Debt Instrument, Face Amount |
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$ 5,000,000
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Helocyte Convertible Note [Member] |
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Debt [Line Items] |
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Legal Fees |
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$ 100,000
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Helocyte Convertible Note [Member] | Conversion One [Member] |
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Debt [Line Items] |
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Debt Instrument, Convertible, Terms of Conversion Feature |
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the lowest price per share at which equity securities of Helocyte are sold in such sale less a 33% discount and (b) a per share price based on a pre-offering valuation of $50.0 million divided by the number of common shares outstanding on a fully-diluted basis.
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Helocyte Convertible Note [Member] | Conversion Two [Member] |
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Debt [Line Items] |
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Debt Instrument, Convertible, Terms of Conversion Feature |
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a discount to the price per share being paid in the Sale of Helocyte equal to 33% or (b) a conversion price per share based on a pre-sale valuation of $50.0 million divided by the fully-diluted common stock of Helocyte immediately prior to the Sale of Helocyte (excluding the notes).
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Caelum Convertible Note [Member] |
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|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 10,000,000
|
Class Of Warrant Or Right Exercise Price Percentage Of Warrants Or Rights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
110.00%
|
|
|
|
Class of Warrant or Right Exercise Price Description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
the exercise price will be $75 million dollars divided by the total number of fully-diluted shares of Common Stock outstanding immediately prior to exercise of the warrant, giving effect to the assumed conversion of all options, warrants, and convertible securities of the Company
|
|
|
Debt Conversion, Description |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The notes convert upon a qualified financing in which Caelum raises gross proceeds of at least $10 million as follows: the lesser of (a) a discount to the price per common share being paid in the Sale of the Company equal to 20% or (b) a conversion price per share based on a pre-sale valuation of $75,000,000 divided by the number of common shares outstanding at that time assuming the hypothetical conversion or exercise of any convertible securities, options, warrants and other rights to acquire common shares of the Company
|
|
|
Percentage Of Placement Agent Fee |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.00%
|
|
|
Debt Instrument Issuance Percentage of Commission |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.00%
|
|
|
Proceeds from Convertible Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 9,900,000
|
|
|
|
Payments of Financing Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
900,000
|
|
|
|
NSC 2017 Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
8.00%
|
|
|
|
8.00%
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
|
|
|
|
|
|
$ 3,250,000
|
|
|
|
$ 3,250,000
|
|
|
|
|
|
|
|
|
Debt Instrument, Maturity Date, Description |
|
|
|
|
|
|
|
|
|
|
|
Each Note is due on the third anniversary of its issuance, provided that the Company may extend the maturity date for two one-year periods in its sole discretion.
|
|
|
|
|
|
|
|
|
Paid-in-kind Interest Percentage |
|
|
|
|
|
|
|
7.00%
|
|
|
|
7.00%
|
|
|
|
|
|
|
|
|
Line of Credit Facility, Current Borrowing Capacity |
|
|
|
|
|
|
|
$ 50,000,000
|
|
|
|
$ 50,000,000
|
|
|
|
|
|
|
|
|
Percentage Of Placement Agent Fee |
|
|
|
|
|
|
|
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
Warrant on Sale Price of Note Percentage |
|
|
|
|
|
|
|
10.00%
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
NSC 2017 Note [Member] | First Closing [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares |
|
|
|
|
|
|
|
87,946
|
|
|
|
87,946
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
|
|
|
|
|
|
$ 3.70
|
|
|
|
$ 3.70
|
|
|
|
|
|
|
|
|
Cash proceeds from 2008 Senior Convertible Notes |
|
|
|
|
|
|
|
$ 3,200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Fees Received |
|
|
|
|
|
|
|
$ 300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
|
|
|
|
|
|
$ 3.70
|
|
|
|
$ 3.70
|
|
|
|
|
|
|
|
|
NSC 2017 Note [Member] | Secoud Closing [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares |
|
|
|
|
|
|
234,438
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
|
|
|
|
|
$ 3.65
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash proceeds from 2008 Senior Convertible Notes |
|
|
|
|
|
|
$ 8,600,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Fees Received |
|
|
|
|
|
|
$ 900,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
|
|
|
|
|
$ 3.65
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NSC 2017 Note [Member] | Third Closing [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares |
|
|
|
|
|
147,806
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
|
|
|
|
$ 3.61
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash proceeds from 2008 Senior Convertible Notes |
|
|
|
|
|
$ 5,300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Fees Received |
|
|
|
|
|
$ 500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
|
|
|
|
$ 3.61
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NSC 2017 Note [Member] | Fourth Closing [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares |
|
|
|
|
38,315
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
|
|
|
$ 4.75
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash proceeds from 2008 Senior Convertible Notes |
|
|
|
|
$ 1,800,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Fees Received |
|
|
|
|
$ 200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
|
|
|
$ 4.75
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NSC 2017 Note [Member] | Fifth Closing [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares |
|
|
|
63,526
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
|
|
$ 4.75
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash proceeds from 2008 Senior Convertible Notes |
|
|
|
$ 3,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Fees Received |
|
|
|
$ 300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
|
|
$ 4.75
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NSC 2017 Note [Member] | Sixth Closing [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares |
|
|
144,149
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
|
$ 4.42
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash proceeds from 2008 Senior Convertible Notes |
|
|
$ 6,400,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from Fees Received |
|
|
$ 600,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
|
$ 4.42
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NSC 2017 Note [Member] | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
|
|
|
|
|
|
$ 40,000,000
|
|
|
|
$ 40,000,000
|
|
|
|
|
|
|
|
|
Venture Notes One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.00%
|
|
|
|
|
Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 6,517,000
|
6,517,000
|
|
|
|
DOSPA [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 9,900,000
|
|
|
|
Sale of Stock, Consideration Received on Transaction |
|
|
|
|
|
|
|
|
|
|
$ 30,000,000
|
|
|
|
|
|
|
|
|
|
Sale of Stock Percentage of Shares Transferred on Transaction |
|
|
|
|
|
|
|
|
|
|
19.90%
|
|
|
|
|
|
|
|
|
|
Mustang Two Thousand Nineteen Venture Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.50%
|
|
|
|
|
Line of Credit Facility, Maximum Borrowing Capacity |
|
|
|
|
|
|
|
|
|
15,000,000
|
|
|
|
|
|
|
|
|
|
|
Line of Credit Facility, Current Borrowing Capacity |
|
|
|
|
|
|
|
|
|
20,000,000
|
|
|
|
|
|
|
|
|
|
|
Line Of Credit Facility, Prepayment Amount |
|
|
|
|
|
|
|
|
|
$ 5,000,000
|
|
|
|
|
|
|
|
|
|
|
LIBOR Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9.00%
|
|
|
|
|
Debt Instrument, Basis Spread on Variable Rate |
|
|
|
|
|
|
|
|
|
9.00%
|
|
|
|
|
|
|
|
|
|
|
N S C [Member] | Venture Notes One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant on Sale Price of Note Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25.00%
|
|
|
|
|
Payments of Financing Costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,700,000
|
|
|
|
|
|
Class Of Warrant Or Right Expiration Period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10 years
|
|
|
|
|
Aevitas Therapeutics Inc [Member] | Venture Notes One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash proceeds from 2008 Senior Convertible Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,800,000
|
|
|
|
|
Tamid Bio Inc [Member] | Venture Notes One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash proceeds from 2008 Senior Convertible Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,600,000
|
|
|
|
|
Cellvation [Member] | Venture Notes One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash proceeds from 2008 Senior Convertible Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,200,000
|
|
|
|
|
Cyprium [Member] | Venture Notes One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash proceeds from 2008 Senior Convertible Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,000,000
|
|
|
|
|