Financial Liabilities (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Financial Liabilities

Financial liabilities consist of (in thousands):

	September 30,			December 31,
	2014			2013
Secured term loan	$	10,000		$	-
Secured note		—			6,660
Bank revolving loan facility		4,300			—
Less: Unamortized discount		(375	)		(638	)
Total debt, net		13,925			6,022
Less: Current portion of financial liabilities		2,083			2,971
Long-term financial liabilities	$	11,842		$	3,051

Company's Financial Obligations

The following table summarizes the timing of repayment obligations for the Company’s financial liabilities for the next five years under the current terms of the Credit Agreement as of September 30, 2014 (in thousands):

	2014		2015		2016		2017		Total
Bank term loan and revolving loan facility	$	—	$	3,333	$	5,000	$	5,967	$	14,300