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Financial Liabilities (Tables)
6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Summary of Financial Liabilities

Financial liabilities consist of (in thousands):

 

 

June 30,

 

 

December 31,

 

 

2017

 

 

2016

 

Secured term loan

$

10,000

 

 

$

10,000

 

Bank revolving loan facility

 

7,870

 

 

 

8,300

 

Total before discount and debt issuance costs

 

17,870

 

 

 

18,300

 

Less: Current portion of financial liabilities

 

(9,031

)

 

 

(8,300

)

Less: Long-term portion of unamortized discount and debt issuance costs

 

(1,792

)

 

 

(221

)

Long-term financial liabilities

$

7,047

 

 

$

9,779

 

 

Company's Financial Obligations

The following table summarizes the timing of repayment obligations for the Company’s financial liabilities for the next four years under the current terms of the Credit Agreement, as amended, at June 30, 2017 (in thousands):

 

 

 

2018

 

 

2019

 

 

2020

 

 

2021

 

 

Total

 

Bank term loan and revolving loan facility

 

$

10,864

 

 

$

4,028

 

 

$

2,978

 

 

$

 

 

$

17,870