6. Debt

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Debt

At March 31, 2013 and December 31, 2012, debt was comprised of the following:

	March 31,		December 31,
	2013		2012
	(In thousands)
Current portion of long-term debt obligations		3,801		3,021
Long-term obligations, net of debt discount		6,038		6,104
Total debt		9,839		9,125

On February 15, 2013, the Company issued a promissory note to Michael Durden, a director of the Company, in the amount of $100,000. On February 22, 2013, the Company issued a promissory note to James Liang, a director of the Company, in the amount of $100,000 and a promissory note to Pablo Enterprises in the amount of $200,000. On February 27, 2013, the Company issued a promissory note to Derace Schaffer, a director of the Company, in the amount of $200,000 (collectively, the "Bridge Notes").

The Bridge Notes were issued in connection with loans made to the Company. The Bridge Notes mature on the earlier of (a) the date on which the Company closes a preferred stock financing of at least $1,000,000, and (b) the date that is 90 days after the note was issued. The Bridge Notes require the Company to pay the original principal amount of the Bridge Notes plus a 10% financing fee on the maturity date. The Bridge Notes are secured by a security interest in certain assets of the Company.