Current Liabilities and Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2018

Current Liabilities and Debt Obligations [Abstract]

Carrying Amount of the Credit Agreement

The Credit Agreement also includes an $825,000 exit fee, which is payable upon any repayment or prepayment of the loan. This amount has been included in the total principal due and treated as an unamortized discount on the debt, which will be amortized over the term of the loan, using the effective interest method at a rate of 15.0%. We incurred fees and transaction costs of approximately $374,000 related to the issuance of the Credit Agreement, which are being amortized over the life of the Credit Agreement.

The carrying amount of the Credit Agreement consisted of the following (in thousands):

	March 31, 2018			December 31, 2017
Senior term loan, including exit fee	$	11,825		$	11,825
Less:  Unamortized discount, debt issuance costs, and lender fees		(992	)		(1,039	)
Senior term loan, net	$	10,833		$	10,786