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Debt (Tables)
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Debt

Debt at June 30, 2019, consisted of the following (in thousands):

 

 

 

June 30, 2019

 

 

 

Principal

 

 

Unamortized Discount

 

 

Total

 

Term Loan Credit Agreement

 

$

40,000

 

 

$

(673

)

 

$

39,327

 

Less: debt – current

 

 

 

 

 

 

 

 

 

Debt – non-current

 

$

40,000

 

 

$

(673

)

 

$

39,327

 

 

Debt at December 31, 2018, consisted of the following (in thousands):

 

 

 

December 31, 2018

 

 

 

Principal

 

 

Unamortized Discount

 

 

Net Carrying

Value

 

Oxford Term Loan Agreement

 

$

30,000

 

 

$

(130

)

 

$

29,870

 

Less: debt – current

 

 

(7,857

)

 

 

 

 

 

(7,857

)

Debt – non-current

 

$

22,143

 

 

$

(130

)

 

$

22,013

 

 

Expected Principal, Interest and Fee Payments on Term Loan Credit Agreement

 

Principal, interest and fee payments on Term Loan Credit Agreement at June 30, 2019, are expected to be as follows (in thousands):

 

Year ended December 31,

 

Principal

 

 

Interest and Fees

 

 

Total

 

2019

 

$

 

 

$

1,648

 

 

$

1,648

 

2020

 

 

 

 

 

3,294

 

 

 

3,294

 

2021

 

 

 

 

 

3,285

 

 

 

3,285

 

2022

 

 

15,000

 

 

 

2,873

 

 

 

17,873

 

2023

 

 

20,000

 

 

 

1,300

 

 

 

21,300

 

2024

 

 

5,000

 

 

 

1,269

 

 

 

6,269

 

Total

 

$

40,000

 

 

$

13,669

 

 

$

53,669