Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.3.0.814
Debt (Tables)
 9 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Outstanding Long-Term Debt
Outstanding long-term debt consisted of the following (in thousands):
 
September 30, 2015
 
December 31, 2014
 
Outstanding Principal
 
Unamortized Discount
 
Net Carrying Amount
 
Outstanding Principal
 
Unamortized Discount
 
Net Carrying Amount
Hercules Term Loan
$
18,841

 
$
(1,017
)
 
$
17,824

 
$
20,000

 
$
(930
)
 
$
19,070

Convertible Note
—

 
—

 
—

 
4,500

 
(1,439
)
 
3,061

Magna Note
2,149

 
—

 
2,149

 
—

 
—

 
—

Total debt
20,990

 
(1,017
)
 
19,973

 
24,500

 
(2,369
)
 
22,131

Less: Current portion
(20,990
)
 
1,017

 
(19,973
)
 
(20,000
)
 
930

 
(19,070
)
Long-term debt
$
—

 
$
—

 
$
—

 
$
4,500

 
$
(1,439
)
 
$
3,061

Future Principal Payments on Debt
The following summarizes by year the future principal payments on the Hercules Term Loan and the Magna August Noteas of September 30, 2015 (in thousands):
Years Ending December 31,
Hercules Term Loan
 
Magna August Note
 
Total
2015
$
1,790

 
$
—

 
$
1,790

2016
7,666

 
2,149

 
9,815

2017
8,567

 
—

 
8,567

2018
818

 
—

 
818

Total future principal payments
$
18,841

 
$
2,149

 
$
20,990