Quarterly report pursuant to Section 13 or 15(d) 03-31-2016

Debt (Tables)

v3.4.0.3
Debt (Tables)
3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Outstanding Long-Term Debt

Outstanding long-term debt consisted of the following (in thousands):

 

    March 31, 2016     December 31, 2015  
    Outstanding Principal     Unamortized Discount and Debt Issuance Costs     Net Carrying Amount     Outstanding Principal     Unamortized Discount and Debt Issuance Costs     Net Carrying Amount  
Hercules Term Loan     15,218       (1,186)       14,032       17,051       (1,420)       15,631  
Magna Note     763       (10)       753       763       (29)       734  
Total debt     15,981       (1,196)       14,785       17,814       (1,449)       16,365  
Less: Current portion     (15,981)       1,196       (14,785)       (17,814)       1,449       (16,365)  
Long-term debt   $ -     $ -     $ -     $ -     $ -     $ -  

Schedule of Future Principal Payments on Debt

The following summarizes by year the future principal payments as of March 31, 2016 (in thousands):

 

Years Ending December 31,   Hercules Term
Loan
    Magna
Note
    Total  
2016   $ 5,787     $ 763     $ 6,550  
2017     8,643       -       8,643  
2018     788       -       788  
Total future principal payments   $ 15,218     $ 763     $ 15,981