Financial Liabilities (Tables)

3 Months Ended

Mar. 31, 2014

Financial Liabilities

Financial liabilities consist of (in thousands):

	March 31,		December 31,
	2014		2013
Current liabilities:
Secured note	$	—	$	2,971
Total current liabilities	$	—	$	2,971
Non-current liabilities:
Secured term loan	$	9,503	$	—
Secured note		—	$	3,051
Bank revolving loan facility		4,000		—
Total non-current liabilities	$	13,503	$	3,051
Total	$	13,503	$	6,022

Company's Financial Obligations

The following table summarizes the Company’s financial obligations for the next five years as of March 31, 2014 (in thousands):

	2014		2015		2016		2017		Total
Bank term loan and revolving loan facility	$	—	$	3,333	$	5,000	$	5,667	$	14,000