Quarterly report pursuant to Section 13 or 15(d)

Line of Credit (Details Narrative)

Line of Credit (Details Narrative) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended
Nov. 30, 2018
Mar. 31, 2019
Line of credit  
Silicon Valley Bank [Member]    
Line of credit $ 850 4,000
Liine of credit outstanding accounts receivable   $ 4,000
Line of credit, percentage 0.50% 5.00%
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 term loan draw date will be on or before June 30, 2019. 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) $4.0 million or (ii) 80% of the Company’s eligible accounts receivable (as adjusted by SVB) minus any outstanding amounts under the Term Loan. Revolving Line outstanding amounts incur interest at a rate per annum equal to the 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.
Silicon Valley Bank [Member] | Prime Rate [Member]    
Line of credit, percentage 5.00% 5.00%
Silicon Valley Bank [Member] | Term Loan [Member]    
Line of credit   $ 850
Silicon Valley Bank [Member] | Term Loan [Member] | June 30, 2019 [Member]    
Line of credit   $ 850