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Notes Payable (Tables)
 3 Months Ended
Mar. 31, 2016
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 March 31, 2016, we have the ability to borrow under Tranche D.  Our ability to borrow under Tranche C is conditioned upon meeting certain clinical trial milestones.  The availability end date for Tranches C and D is September 30, 2016.