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Loan and Security Agreement (Tables)
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Schedule of long-term debt and unamortized debt discount balances

 

 

 

 

 

 

 

March 31, 

 

 

    

2017

 

 

 

 

 

 

Long-term debt

 

$

10,000,000

 

Less debt discount, net of current portion

 

 

(113,561)

 

Long-term debt, net of debt discount

 

 

9,886,439

 

Less current portion of long-term debt

 

$

(1,111,111)

 

Loan payable, long-term

 

$

8,775,328

 

Current portion of long-term debt

 

 

1,111,111

 

Current portion of debt discount

 

 

(31,187)

 

Loan payable, current portion

 

$

1,079,924

 

 

Schedule of principal payments

 

Scheduled principal payments on outstanding debt, as of March 31, 2017, are as follows:

 

 

 

 

 

 

2017

 

$

277,778

 

2018

 

 

3,333,333

 

2019

 

 

3,333,333

 

2020

 

 

3,055,556

 

Total

 

$

10,000,000