Note 9

Long-term Debt:

In the following table is a summary of the Company's long-term debt, which the Company assumed in the reverse merger on December 13, 2011.

	December 31,
	2012			2011

Term note, net of unamortized debt discount of $0 and $302, respectively	$	-		$	1,698
Capital lease obligations		10			30
Sub-total		10			1,728
Less: current portion		(10	)		(1,720	)
Total long-term debt	$	-		$	8

Term Note

On March 19, 2010, Pre-merged PhotoMedex entered a Term Loan and Security Agreement with Clutterbuck Funds for a principal amount of $2.5 million, with interest accruing at a rate of 12% per annum. On March 28, 2011, Clutterbuck Funds agreed to extend the maturity date of the secured term loan to December 1, 2012. Starting in August 2011, Pre-merged PhotoMedex began monthly installments of principal such that the final payment at maturity will be $75. The collateral securing the first-position security interest of Clutterbuck Funds remained in place. On June 11, 2012, the Company paid off this loan and was relieved of all related obligations.

Capital Leases

The obligation under the Company's capital lease is at a fixed interest rate and is collateralized by the related property and equipment (see Note 4, Property and Equipment).

The following table summarizes the future minimum payments that the Company expects to make for long-term debt and capital lease obligations:

2013	$	10
Total minimum payments		10

Less: interest		-

Present value of total minimum obligations	$	10