Loan Payable

3 Months Ended

Apr. 02, 2016

Debt Disclosure [Abstract]

Loan Payable

Loan payable as of April 2, 2016 consists of the following:

Principal amount payable for following years ending December
2016	$      1,223,659
2017	1,991,688
2018	1,637,858
Total principal payments	4,853,205
Accrued end of term charge	88,436
Total loan payable	4,941,641
Less unamortized debt issuance costs and debt discount	161,074
Less current portion	1,866,713
Loan payable – long term	$      2,913,854

The total interest expenses related to the term loan, including cash interest payments, the amortizations of debt issuance costs and debt discount, and the accrual of the end of term charge were approximately $175,000 and $106,000 for the three months ended April 2, 2016 and April 4, 2015, respectively.