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Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt  
Schedule of maturities of long-term debt

As of December 31, 2019, the Company’s long-term debt balance was as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maturity

 

 

Annual

 

 

December 31, 

 

    

 

Date

 

 

Interest Rate

 

 

2019

Term loan

 

 

10/1/2023

 

 

7.85%

 

 

$  

10,000

Debt issuance costs, net of amortization

 

 

 

 

 

 

 

 

 

(222)

Accrued final payment fee

 

 

 

 

 

 

 

 

 

16

Long-term debt, net

 

 

 

 

 

 

 

 

$  

9,794

 

Schedule of minimum future debt payment obligation

The following table summarizes the Company’s minimum future debt payment obligations including principal and final payment fee as of December 31, 2019 (in thousands):

 

 

 

 

Year Ending December 31:

    

Amount

2020

 

$

 —

2021

 

 

833

2022

 

 

5,000

2023

 

 

4,452

Total

 

$

10,285