Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

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Debt (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Outstanding Long-Term Debt

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

 

    December 31, 2016     December 31, 2015  
          Unamortized                 Unamortized        
    Outstanding     Discount and Debt     Net Carrying     Outstanding     Discount and Debt     Net Carrying  
    Principle     Issuance Costs     Amount     Principle     Issuance Costs     Amount  
Hercules Term Loan   $ 7,421     $ (409 )   $ 7,012     $ 17,051     $ (1,420 )   $ 15,631  
Convertible Note     -       -       -       -       -       -  
Magna Note     -       -       -       763       (29 )     734  
Total debt     7,421       (409 )     7,012       17,814       (1,449 )     16,365  
Less: Current portion     (7,421 )     409       (7,012 )     (17,814 )     1,449       (16,365 )
Long-term debt   $ -     $ -     $ -     $ -     $ -     $ -  

Schedule of Future Principal Payments on Debt

The following summarizes, by year, the future contractual principle payment obligations on the Hercules term loan as of December 31, 2016, before considering acceleration of maturity payments due to non-compliance with loan covenants (in thousands):

 

    Hercules Term  
Years Ending December 31,   Loan  
2017   $ 6,779  
2018     642  
Total future principle payments   $ 7,421