Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v2.4.0.8
Debt (Tables)
 9 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
Outstanding Long-Term Debt

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

 

 

September 30, 2014

 

 

December 31, 2013

 

 

Outstanding Principal

 

 

Unamortized Discount

 

 

Net Carrying Amount

 

 

Outstanding Principal

 

 

Unamortized Discount

 

 

Net Carrying Amount

 

GE Secured Lending Facility

$

-

 

 

$

-

 

 

$

-

 

 

$

18,000

 

 

$

(75

)

 

$

17,925

 

Hercules Term Loan

 

20,000

 

 

 

(1,016

)

 

 

18,984

 

 

 

-

 

 

 

-

 

 

 

-

 

Convertible Note

 

6,000

 

 

 

(2,282

)

 

 

3,718

 

 

 

-

 

 

 

-

 

 

 

-

 

Total debt

 

26,000

 

 

 

(3,298

)

 

 

22,702

 

 

 

18,000

 

 

 

(75

)

 

 

17,925

 

Less: Current portion

 

(20,000

)

 

 

1,016

 

 

 

(18,984

)

 

 

(18,000

)

 

 

75

 

 

 

(17,925

)

Long-term debt

$

6,000

 

 

$

(2,282

)

 

$

3,718

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 
Future Principal Payments on Debt

The following summarizes by year the future principal payments as of September 30, 2014 (in thousands):

 

Years Ending December 31,

Hercules Term Loan

 

 

Magna Convertible Notes

 

 

Total

 

2014

$

-

 

 

$

-

 

 

$

-

 

2015

 

3,333

 

 

 

-

 

 

 

3,333

 

2016

 

8,000

 

 

 

6,000

 

 

 

14,000

 

2017

 

8,000

 

 

 

-

 

 

 

8,000

 

2018

 

667

 

 

 

-

 

 

 

667

 

Total future principal payments

$

20,000

 

 

$

6,000

 

 

$

26,000