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Debt (Tables)
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Debt

Debt consisted of the following (in thousands):

 

 

 

September 30, 2016

 

 

 

Principal

 

 

Unamortized Discount

 

 

Total

 

Loan and Security Agreement

 

$

19,499

 

 

$

(148

)

 

$

19,351

 

Less: debt - current

 

 

(5,056

)

 

 

87

 

 

 

(4,969

)

Debt - non-current

 

$

14,443

 

 

$

(61

)

 

$

14,382

 

 

 

 

December 31, 2015

 

 

 

Principal

 

 

Unamortized Discount

 

 

Net Carrying

Value

 

Loan and Security Agreement

 

$

20,000

 

 

$

(196

)

 

$

19,804

 

Less: debt - current

 

 

(3,050

)

 

 

94

 

 

 

(2,956

)

Debt - non-current

 

$

16,950

 

 

$

(102

)

 

$

16,848

 

 

Expected Principal and Interest Payments on Debt

Principal and interest payments on debt at September 30, 2016, are expected to be as follows (in thousands):

 

Year ended December 31,

 

Principal

 

 

Interest

 

 

Total

 

2016

 

$

-

 

 

$

340

 

 

$

340

 

2017

 

 

7,013

 

 

 

1,160

 

 

 

8,173

 

2018

 

 

8,178

 

 

 

613

 

 

 

8,791

 

2019

 

 

4,308

 

 

 

1,488

 

 

 

5,796

 

Total

 

$

19,499

 

 

$

3,601

 

 

$

23,100