Note Payable

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Note Payable

Note PayableIn July 2015 and November 2015, the Company entered into three separate Installment Purchase Agreements (the IPA Agreements) totaling $1.7 million for computer equipment and maintenance with one of its suppliers. The IPA Agreements are collateralized by the equipment purchased from the supplier and bear interest ranging from 2.9% to 5.0%. As of September 30, 2019 and December 31, 2018, the Company had $0.04 million and $0.3 million respectively, outstanding under this facility.

Aggregate annual future payments due on the Company’s outstanding IPA Agreements balance as of September 30, 2019 were as follows:

	Amount
	(in thousands)
2019 (remaining three months)	$	37
Total payments	37
Less amount representing interest	—
Total note payable	37
Less current portion	(37)
Note payable, net of current portion	$	—