Notes Payable (Tables)

3 Months Ended

Mar. 31, 2015

Notes Payable

Schedule of future payments under the agreement, assuming no adjustments to the variable rate of interest

Future payments as of March 31, 2015 under the Agreement, assuming no adjustments to the variable rate of interest of 9% as of March 31, 2015, are as follows:

(in thousands)
Remainder of  2015	$	4,418
2016		5,910
Total minimum payments		10,328
Less amount representing interest		(834)
Notes payable, gross		9,494
Discount on notes payable		(41)
Accretion of the final exit fee payment		224
Carrying value of notes payable	$	9,677