Notes Payable (Tables)

12 Months Ended

Dec. 31, 2015

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):

		Term Loan		Term Loan
Tranche		Available		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

*As of December 31, 2015, we have the ability to borrow under Tranche D.  Our ability to borrow under Tranche C is conditioned upon meeting certain clinical trial milestones, which must be met by March 31, 2016.  The availability end date for Tranches C and D is March 31, 2016.

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
2016	$	2,128
2017		3,500
2018		1,750
Total maturities	$	7,378