Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.8.0.1
Debt (Tables)
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Assumptions used in Fair Value of Warrants

The assumptions used in the calculation of the fair value of the warrants issued on July 28, 2017, were as follows:

 

Weighted-average risk-free interest rate     1.8 %
Weighted-average expected life (in years)     4.8  
Expected dividend yield      - %
Weighted-average expected volatility     122.0 %

Schedule of Outstanding Long-Term Debt

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

 

    September 30, 2017     December 31, 2016  
    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   $ 2,377     $ (58 )   $ 2,319     $ 7,421     $ (409 )   $ 7,012  
North Stadium Term Loan     2,500       (205 )     2,295       -       -       -  
Less: Current portion     (4,877 )     263       (4,614 )     (7,421 )     409       (7,012 )
Long-term debt   $ -     $ -     $ -     $ -     $ -     $ -