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DEBT (Tables)
12 Months Ended
Dec. 31, 2019
Schedule of debt

 

 

 

 

 

 

 

 

 

December 31,

(in thousands)

  

2019

 

2018

MidCap Facility

 

$

10,849

 

$

3,274

Current portion of New Centre Lane Facility

 

 

700

 

 

525

Current debt

 

$

11,549

 

$

3,799

 

 

 

 

 

 

 

New Centre Lane Facility

 

 

33,687

 

 

34,387

Unamortized deferred financing costs

 

 

(1,029)

 

 

(1,409)

Long-term debt, net

 

$

32,658

 

$

32,978

 

 

 

 

 

 

 

Total debt, net

 

$

44,207

 

$

36,777

 

Schedule of deferred financing costs amortized to Interest Expense

 

 

 

 

 

 

 

 

 

 

December 31,

(in thousands)

 

2019

 

2018

Initial Centre Lane Facility*

 

$

 —

 

$

1,460

New Centre Lane Facility

 

 

380

 

 

111

MidCap Facility

 

 

235

 

 

52

Total

 

$

615

 

$

1,623

*

2018 includes accelerated amortization of deferred financing costs of $0.6 million associated with the fourth amendment to the Initial Centre Lane Facility entered into in April 2018.

Schedule of unamortized deferred financing costs

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

(in thousands)

 

Location

 

2019

 

2018

New Centre Lane Facility

 

Long-term debt, net

 

$

1,029

 

$

1,409

MidCap Facility

 

Other long-term assets

 

 

419

 

 

654

Total

 

 

 

$

1,448

 

$

2,063

 

New Centre Lane Facility  
Schedule of prepayment premium

 

 

 

 

 

 

Prepayment Premium as a

 

 

Percentage of Aggregate

Period

 

Outstanding Principal Prepaid

September 19, 2019 to September 18, 2021

 

 

1%

After September 18, 2021

 

 

0%

 

Summary of maturity of long term debt

 

 

 

 

December 31,

 

(in thousands)

2020

 

$

700

2021

 

 

700

2022

 

 

32,987

Thereafter

 

 

 —

Total

 

$

34,387