Debt Obligations

3 Months Ended

Mar. 31, 2017

Note 8. Debt Obligations

Growth Term Loan

There have been no significant modifications to the terms and conditions of the Growth Term Loan since the disclosures made in the Company’s Annual Report on Form-10K, filed with the SEC on March 23, 2017. The remaining principal repayments due under the Growth Term Loan as of March 31, 2017 are as follows for each fiscal year:

2017	$	4,843,170
2018		5,163,821
Total Growth Term Loan payments		10,006,991
Less discount and deferred financing costs		(203,380	)
Plus final fee premium		551,279
Total Growth Term Loan, net	$	10,354,890