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Credit Facility and Term Loans (Tables)
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Credit Facility and Term Loans

Credit facility and term loans consisted of the following as of December 31, 2018 and September 30, 2019:

 

 

 

December 31,

2018

 

 

September 30,

2019

 

 

 

(in thousands)

 

MidCap credit facility

 

$

16,455

 

 

$

15,114

 

Less: deferred debt issuance costs

 

 

(1,960

)

 

 

(1,442

)

Less discount associated with issuance of warrants

 

 

(44

)

 

 

(32

)

Total MidCap credit facility

 

$

14,451

 

 

$

13,640

 

 

 

 

 

 

 

 

 

 

Horizon term loan

 

$

15,000

 

 

$

15,000

 

Less: deferred debt issuance costs

 

 

(1,022

)

 

 

(906

)

Less discount associated with issuance of warrants

 

 

(929

)

 

 

(755

)

Total Horizon term loan

 

 

13,049

 

 

 

13,339

 

Less-current portion

 

 

 

 

 

 

Term loan-non current portion

 

$

13,049

 

 

$

13,339

 

Schedule of Interest Expense, Net

Interest expense, net consisted of the following for the three and nine months ended September 30, 2018 and 2019:

 

 

 

Three Months Ended

 

 

 

September 30,

2018

 

 

September 30,

2019

 

 

 

(in thousands)

 

Interest expense

 

$

439

 

 

$

955

 

Interest income

 

 

 

 

 

(80

)

Total Interest expense, net

 

$

439

 

 

$

875

 

 

 

 

Nine Months Ended

 

 

 

September 30,

2018

 

 

September 30,

2019

 

 

 

(in thousands)

 

Interest expense

 

$

1,503

 

 

$

3,456

 

Interest income

 

 

 

 

 

(88

)

Total Interest expense, net

 

$

1,503

 

 

$

3,368