Notes Payable (Tables)

12 Months Ended

Dec. 31, 2014

Notes Payable

Schedule of Loan and Security Agreement

The Amended LSA increased the total term loan availability from $2.0 million to $12.0 million, available in four tranches (in thousands):

Tranche	Term  Loan  Available		Term  Loan  Borrowed		Borrowed Date
A	$	2,000	$	2,000	April 2014
B	5,000		5,000		December 2014
C	2,500		—		*
D	2,500		—		*
	$	12,000	$	7,000

* Our ability to borrow under the remaining tranches of $2.5 million each depends upon meeting certain clinical trial milestones.  The availability end dates of Tranches C and D are September 1, 2015 and March 31, 2016, respectively.

Schedule of maturities of debt obligations over the next five years

Maturities of our debt obligations over the next five years are as follows (in thousands):

	Debt  Maturities
2015	$	—
2016	3,500
2017	3,500
Total minimum lease payments	$	7,000