Notes Payable, Related Parties

6 Months Ended

Jun. 30, 2017

Related Party Transactions [Abstract]

Notes Payable, Related Parties

Note 10 - Notes Payable, Related Parties

A summary of the Company’s notes payable, related parties is as follows:

	June 30, 2017		December 31, 2016
Unsecured promissory note, interest rate of 4.25% and 8% per annum	$	20	$	36
Less: current portion of notes payable, related parties		20		30
Total notes payable, long-term	$	—	$	6

In April 2013, the Company and a previous employee entered into an agreement to settle all outstanding obligations consisting of a promissory note of $40, dated March 2009, and deferred salaries amounting to $72. The note and salary obligation continue to bear interest at 8% and 4.25%, respectively. The note requires monthly payments of $1 and matures in April 2018. The deferred salary obligation requires monthly payments of $1 and matures in May 2018.

Amounts outstanding on these obligations were $20 and $36 at June 30, 2017 and December 31, 2016, respectively. 

Interest expense on the notes payable, related parties, was $0 and $1 for the three months and six months ended June 30, 2017 and $56 for the year ended December 31, 2016 respectively.