Related party transactions |
12 Months Ended |
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Dec. 31, 2021 | |
| Related Party Transactions [Abstract] | |
| Related party transactions | Related party transactions Notes payable
The Company issued $0.8 million of subordinated convertible notes to a member of the board of directors during June 2020 and were converted to common stock upon consummation the Company's IPO on July 1, 2021. See "Note 8 - Debt" and "Note 1 - Nature of business and summary of significant accounting policies" for additional information.
Guarantor warrants
On June 24, 2020, the Company issued 250,000 warrants to three members of the board of directors in connection with the June 2020 Notes. On July 20, 2020, the Company issued 83,334 warrants to three members of the board of directors in connection with the ABL Facility. See "Note 12 - Warrants" for additional information.
Director Fees
The Company pays quarterly board of director fees. During the year ended December 31, 2021, board of director fees totaled $0.4 million. As of December 31, 2021, $0.1 million of these director fees were in accounts payable on the Consolidated Balance Sheets. During the year ended December 31, 2020, the Company recorded no board of director fees.
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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