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Debt (Tables)
9 Months Ended
Sep. 30, 2015
Debt  
Schedule of net debt obligation

 

 

As of September 30, 2015 and December 31, 2014, the net debt obligation was as follows (in thousands):

 

 

 

September 30,

 

December 31,

 

 

 

2015

 

2014

 

Debt and unpaid accrued end-of-term payment

 

$

5,062

 

$

5,003

 

Unamortized note discount

 

(60

)

(80

)

 

 

 

 

 

 

Net debt obligation

 

$

5,002

 

$

4,923

 

 

 

 

 

 

 

 

 

 

 

Schedule of future principal payments under the Amended Loan

 

 

Future principal payments under the Amended Loan are as follows (in thousands):

 

Year Ending December 31,

 

Amounts

 

October through December 31, 2015

 

$

 

2016

 

 

2017

 

2,437 

 

2018

 

2,563 

 

 

 

 

 

Total

 

$

5,000 

 

 

 

 

 

 

 

 

Schedule of interest expense on debt

 

 

Interest expense on the debt was as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

Nominal interest

 

$

64 

 

$

78 

 

$

189 

 

$

230 

 

Amortization of debt discount

 

 

16 

 

20 

 

48 

 

End-of-term payment

 

21 

 

20 

 

60 

 

60 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

92 

 

$

114 

 

$

269 

 

$

338