Debt (Tables)

9 Months Ended

Sep. 30, 2020

The following table presents the carrying value of the Company’s debt obligations as of September 30, 2020 and December 31, 2019 (in thousands):


	September 30, 2020			December 31, 2019
First Term Loan—18 months of interest-only payments ended in March 2019 followed by 36 equal monthly installments of principal plus interest, maturing March 2022; interest at prime plus 0.25% per annum	$	7,500		$	11,250
Second Term Loan—17 months of interest-only payments ended in March 2019 followed by 42 equal monthly installments of principal plus interest, maturing September 2022; interest at prime plus 0.25% per annum	5,142			7,071

Total debt	12,642			18,321
Less: unamortized debt discount issuance costs	(45)			(38)
Balance	12,597			18,283
Debt, current	(7,576)			(7,584)
Debt, noncurrent	$	5,021		$	10,699
Weighted-average interest rate	5.20		%	6.93		%

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details