Notes Payable	6 Months Ended
Jun. 30, 2017
Notes Payable
Notes Payable	5. Notes Payable In 2014, we borrowed an aggregate of $7.0 million in connection with a Loan and Security Agreement, as amended (LSA). Through June 30, 2017 and pursuant to the terms of the LSA, we were required to make monthly interest payments for all outstanding borrowings at an interest rate equal to the greater of (a) prime rate plus 3.25% or (b) 6.5% and monthly principal payments of 1/24th of our principal borrowings plus interest. As of June 30, 2017, our outstanding term loans balance of $3.5 million was due within the next twelve months, and is classified as current portion of notes payable on our consolidated balance sheet. In July 2017, we paid in full the entire outstanding term loans balance and accrued interest, with no penalty for prepayment. Interest expense related to the term loans was $70 thousand and $152 thousand for the three and six months ended June 30, 2017. As of June 30, 2017, we had accrued interest of $22 thousand. There are no financial covenants associated with these term loans. As of June 30, 2017, we were in compliance with all non-financial covenants.

Notes Payable

6 Months Ended

Jun. 30, 2017

5. Notes Payable

In 2014, we borrowed an aggregate of $7.0 million in connection with a Loan and Security Agreement, as amended (LSA). Through June 30, 2017 and pursuant to the terms of the LSA, we were required to make monthly interest payments for all outstanding borrowings at an interest rate equal to the greater of (a) prime rate plus 3.25% or (b) 6.5% and monthly principal payments of 1/24th of our principal borrowings plus interest. As of June 30, 2017, our outstanding term loans balance of $3.5 million was due within the next twelve months, and is classified as current portion of notes payable on our consolidated balance sheet. In July 2017, we paid in full the entire outstanding term loans balance and accrued interest, with no penalty for prepayment.

Interest expense related to the term loans was $70 thousand and $152 thousand for the three and six months ended June 30, 2017. As of June 30, 2017, we had accrued interest of $22 thousand. There are no financial covenants associated with these term loans. As of June 30, 2017, we were in compliance with all non-financial covenants.