XML 39 R40.htm IDEA: XBRL DOCUMENT v2.4.1.9
Debt (Details) (USD $)
12 Months Ended 0 Months Ended 1 Months Ended 4 Months Ended 12 Months Ended 0 Months Ended 1 Months Ended
Dec. 31, 2013
Feb. 28, 2013
Feb. 28, 2013
Dec. 31, 2012
Dec. 31, 2014
Dec. 31, 2012
Jul. 02, 2013
Jun. 30, 2014
Apr. 19, 2013
Dec. 31, 2011
Jan. 31, 2012
Nov. 30, 2012
Sep. 30, 2012
May 29, 2013
Apr. 28, 2008
Debt                              
Deferred financing costs         $ 100,000us-gaap_DeferredFinanceCostsGross                    
Series A preferred stock                              
Estimated future principal payments due under the Credit Facility                              
Conversion of convertible promissory notes into Series A preferred stock (in shares) 16,623,092us-gaap_DebtConversionConvertedInstrumentSharesIssued1
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
                           
Preferred stock, shares issued       23,975,000us-gaap_TemporaryEquitySharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
  23,975,000us-gaap_TemporaryEquitySharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
      23,975,000us-gaap_TemporaryEquitySharesIssued
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
         
Share price of preferred stock (in dollars per share)                 $ 1.00us-gaap_SharePrice
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
           
Number of shares of preferred stock converted into shares of common stock (57,598,092)us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
                           
Series A-1 preferred stock                              
Estimated future principal payments due under the Credit Facility                              
Conversion of convertible promissory notes into Series A preferred stock (in shares) 6,750,000us-gaap_DebtConversionConvertedInstrumentSharesIssued1
/ us-gaap_StatementClassOfStockAxis
= espr_SeriesA1PreferredStockMember
                           
Number of shares of preferred stock converted into shares of common stock (6,750,000)us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
/ us-gaap_StatementClassOfStockAxis
= espr_SeriesA1PreferredStockMember
                           
Warrant                              
Debt                              
Exercise price (in dollars per share)         $ 7.23us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
/ us-gaap_ClassOfWarrantOrRightAxis
= us-gaap_WarrantMember
                   
Series A preferred stock warrant                              
Debt                              
Warrants exercisable into stock (in shares)             1,940,000us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
/ us-gaap_ClassOfWarrantOrRightAxis
= espr_SeriesAPreferredStockWarrantMember
               
Exercise price (in dollars per share)             1.00us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
/ us-gaap_ClassOfWarrantOrRightAxis
= espr_SeriesAPreferredStockWarrantMember
               
10% Convertible promissory notes | Series A preferred stock                              
Estimated future principal payments due under the Credit Facility                              
Aggregate principal amount   15,700,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= us-gaap_ConvertibleNotesPayableMember
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
15,700,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= us-gaap_ConvertibleNotesPayableMember
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
                       
Accrued interest   900,000us-gaap_InterestPayableCurrentAndNoncurrent
/ us-gaap_DebtInstrumentAxis
= us-gaap_ConvertibleNotesPayableMember
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
900,000us-gaap_InterestPayableCurrentAndNoncurrent
/ us-gaap_DebtInstrumentAxis
= us-gaap_ConvertibleNotesPayableMember
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
                       
Conversion of convertible promissory notes into Series A preferred stock (in shares)   16,623,092us-gaap_DebtConversionConvertedInstrumentSharesIssued1
/ us-gaap_DebtInstrumentAxis
= us-gaap_ConvertibleNotesPayableMember
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
16,623,092us-gaap_DebtConversionConvertedInstrumentSharesIssued1
/ us-gaap_DebtInstrumentAxis
= us-gaap_ConvertibleNotesPayableMember
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
                       
Conversion price (in dollars per share)   $ 1.00us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_DebtInstrumentAxis
= us-gaap_ConvertibleNotesPayableMember
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
$ 1.00us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_DebtInstrumentAxis
= us-gaap_ConvertibleNotesPayableMember
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
                       
Short term convertible notes issued January 2012                              
Debt                              
Interest rate (as a percent)                     10.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= espr_ShortTermConvertibleNotesIssuedJanuary2012Member
       
Estimated future principal payments due under the Credit Facility                              
Aggregate principal amount                     6,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= espr_ShortTermConvertibleNotesIssuedJanuary2012Member
       
Short term convertible notes issued September and November 2012                              
Debt                              
Interest rate (as a percent)                       10.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= espr_ShortTermConvertibleNotesIssuedSeptemberAndNovember2012Member
     
Estimated future principal payments due under the Credit Facility                              
Aggregate principal amount                       9,700,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= espr_ShortTermConvertibleNotesIssuedSeptemberAndNovember2012Member
     
Short term borrowings with related parties, net of debt discount                       9,400,000espr_ShortTermBorrowingsRelatedPartyNet
/ us-gaap_DebtInstrumentAxis
= espr_ShortTermConvertibleNotesIssuedSeptemberAndNovember2012Member
     
Short term convertible notes issued September and November 2012 | Series A preferred stock warrant | Series A preferred stock                              
Estimated future principal payments due under the Credit Facility                              
Aggregate purchase price of warrants       9,700us-gaap_ProceedsFromIssuanceOfWarrants
/ us-gaap_ClassOfWarrantOrRightAxis
= espr_SeriesAPreferredStockWarrantMember
/ us-gaap_DebtInstrumentAxis
= espr_ShortTermConvertibleNotesIssuedSeptemberAndNovember2012Member
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
                     
Short term convertible notes issued September and November 2012 | Series A preferred stock warrant | Total                              
Estimated future principal payments due under the Credit Facility                              
Estimated fair value of warrants                       300,000us-gaap_WarrantsAndRightsOutstanding
/ us-gaap_ClassOfWarrantOrRightAxis
= espr_SeriesAPreferredStockWarrantMember
/ us-gaap_DebtInstrumentAxis
= espr_ShortTermConvertibleNotesIssuedSeptemberAndNovember2012Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
     
Short term convertible notes issued September 2012                              
Estimated future principal payments due under the Credit Facility                              
Fair value of beneficial conversion feature     300,000us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature
/ us-gaap_DebtInstrumentAxis
= espr_ShortTermConvertibleNotesIssuedSeptember2012Member
                       
Short term convertible notes issued September 2012 | Interest Expense.                              
Estimated future principal payments due under the Credit Facility                              
Amortization of debt discount and beneficial conversion 200,000us-gaap_PreferredStockAccretionOfRedemptionDiscount
/ us-gaap_DebtInstrumentAxis
= espr_ShortTermConvertibleNotesIssuedSeptember2012Member
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_InterestExpenseMember
      200,000us-gaap_PreferredStockAccretionOfRedemptionDiscount
/ us-gaap_DebtInstrumentAxis
= espr_ShortTermConvertibleNotesIssuedSeptember2012Member
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_InterestExpenseMember
100,000us-gaap_PreferredStockAccretionOfRedemptionDiscount
/ us-gaap_DebtInstrumentAxis
= espr_ShortTermConvertibleNotesIssuedSeptember2012Member
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_InterestExpenseMember
                 
Short term convertible notes issued September 2012 | Warrant | Total                              
Estimated future principal payments due under the Credit Facility                              
Estimated fair value of warrants                         100,000us-gaap_WarrantsAndRightsOutstanding
/ us-gaap_ClassOfWarrantOrRightAxis
= us-gaap_WarrantMember
/ us-gaap_DebtInstrumentAxis
= espr_ShortTermConvertibleNotesIssuedSeptember2012Member
/ us-gaap_FairValueByMeasurementBasisAxis
= us-gaap_EstimateOfFairValueFairValueDisclosureMember
   
Pfizer note                              
Debt                              
Interest rate (as a percent)                             8.931%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= espr_PfizerConvertibleNoteMember
Estimated future principal payments due under the Credit Facility                              
Aggregate principal amount                             5,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= espr_PfizerConvertibleNoteMember
Outstanding principal amount                           7,800,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= espr_PfizerConvertibleNoteMember
 
Accrued interest during period 300,000us-gaap_DebtInstrumentIncreaseAccruedInterest
/ us-gaap_DebtInstrumentAxis
= espr_PfizerConvertibleNoteMember
        600,000us-gaap_DebtInstrumentIncreaseAccruedInterest
/ us-gaap_DebtInstrumentAxis
= espr_PfizerConvertibleNoteMember
                 
Pfizer note | Series A-1 preferred stock                              
Estimated future principal payments due under the Credit Facility                              
Preferred stock, shares issued                           6,750,000us-gaap_TemporaryEquitySharesIssued
/ us-gaap_DebtInstrumentAxis
= espr_PfizerConvertibleNoteMember
/ us-gaap_StatementClassOfStockAxis
= espr_SeriesA1PreferredStockMember
 
Share price of preferred stock (in dollars per share)                           $ 1.1560us-gaap_SharePrice
/ us-gaap_DebtInstrumentAxis
= espr_PfizerConvertibleNoteMember
/ us-gaap_StatementClassOfStockAxis
= espr_SeriesA1PreferredStockMember
 
Number of shares of preferred stock converted into shares of common stock             966,218us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
/ us-gaap_DebtInstrumentAxis
= espr_PfizerConvertibleNoteMember
/ us-gaap_StatementClassOfStockAxis
= espr_SeriesA1PreferredStockMember
               
Credit Facility                              
Debt                              
Maximum borrowing capacity         20,000,000espr_DebtInstrumentMaximumBorrowingCapacity
/ us-gaap_LongtermDebtTypeAxis
= espr_CreditFacilityMember
                   
Percentage of final payment equal to amount drawn under the Credit Facility         8.00%espr_DebtInstrumentPercentageOfFinalPaymentEqualToAmountsDrawnUnderCreditFacility
/ us-gaap_LongtermDebtTypeAxis
= espr_CreditFacilityMember
                   
Estimated future principal payments due under the Credit Facility                              
2015         638,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
/ us-gaap_LongtermDebtTypeAxis
= espr_CreditFacilityMember
                   
2016         1,604,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
/ us-gaap_LongtermDebtTypeAxis
= espr_CreditFacilityMember
                   
2017         1,709,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
/ us-gaap_LongtermDebtTypeAxis
= espr_CreditFacilityMember
                   
2018         1,049,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
/ us-gaap_LongtermDebtTypeAxis
= espr_CreditFacilityMember
                   
Total         5,000,000us-gaap_LongTermDebt
/ us-gaap_LongtermDebtTypeAxis
= espr_CreditFacilityMember
                   
Interest expense         300,000us-gaap_InterestExpenseDebt
/ us-gaap_LongtermDebtTypeAxis
= espr_CreditFacilityMember
                   
Interest payments         100,000us-gaap_InterestPaid
/ us-gaap_LongtermDebtTypeAxis
= espr_CreditFacilityMember
                   
Term A Loan                              
Debt                              
Maximum borrowing capacity         5,000,000espr_DebtInstrumentMaximumBorrowingCapacity
/ us-gaap_LongtermDebtTypeAxis
= espr_TermLoanAMember
                   
Period of consecutive equal monthly installments of principal and interest         36 months                    
Interest rate (as a percent)         6.40%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= espr_TermLoanAMember
                   
Term A Loan | Warrant                              
Debt                              
Warrants exercisable into stock (in shares)               8,230us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
/ us-gaap_ClassOfWarrantOrRightAxis
= us-gaap_WarrantMember
/ us-gaap_LongtermDebtTypeAxis
= espr_TermLoanAMember
             
Exercise price (in dollars per share)               $ 15.19us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
/ us-gaap_ClassOfWarrantOrRightAxis
= us-gaap_WarrantMember
/ us-gaap_LongtermDebtTypeAxis
= espr_TermLoanAMember
             
Unamortized discount               100,000us-gaap_DebtInstrumentUnamortizedDiscount
/ us-gaap_ClassOfWarrantOrRightAxis
= us-gaap_WarrantMember
/ us-gaap_LongtermDebtTypeAxis
= espr_TermLoanAMember
             
Term A Loan | Secured promissory notes                              
Debt                              
Proceeds from issuance of debt               5,000,000us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_DebtInstrumentAxis
= us-gaap_SecuredDebtMember
/ us-gaap_LongtermDebtTypeAxis
= espr_TermLoanAMember
             
Term B Loan                              
Debt                              
Maximum borrowing capacity         15,000,000espr_DebtInstrumentMaximumBorrowingCapacity
/ us-gaap_LongtermDebtTypeAxis
= espr_TermLoanBMember
                   
Remaining borrowing capacity         $ 15,000,000espr_DebtInstrumentRemainingBorrowingCapacity
/ us-gaap_LongtermDebtTypeAxis
= espr_TermLoanBMember
                   
Interest rate (as a percent)         6.40%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= espr_TermLoanBMember
                   
Reference rate         three month LIBOR                    
Number of business days prior to funding of new term loan         3 days                    
Interest rate margin (as a percent)         6.17%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_LongtermDebtTypeAxis
= espr_TermLoanBMember