Borrowings

The following table summarizes the Company's notes payable, all of which are with related parties, as of September 30, 2015 and December 31, 2014:



	As of
(in thousands)	September 30, 2015		December 31, 2014
Current portion of long-term borrowings
RCM6 note payable	$	1,045	$	874
DSI Business Owner note payable	623		605
Total current portion of long-term borrowings	1,668		1,479
Long-term borrowings
RCM6 note payable	13,373		13,312
DSI Business Owner note payable	649		1,119
Total Long-term borrowings	14,022		14,431
Total Borrowings	$	15,690	$	15,910

CCS - RCM6 Note Payable

As described in Note 4, the Company acquired membership interests in RCM6 from CCS in February 2014, through an up-front payment and a note payable. Due to the payment terms of the note purchase agreement, the note payable periodically adds interest to the outstanding note payable principle balance. The stated rate associated with the note is 1.65% and the effective rate of the note at inception was 20%. Due to the difference between the stated rate and the effective rate, the note payable is carried at a discount of $8.1 million and $10.1 million as of September 30, 2015 and December 31, 2014, respectively. Unpaid principal and interest on the note are due in 2022.

As described in Note 12, on March 3, 2016, the Company sold its 24.95% membership interest in RCM6 and, as a result, the Company no future payment obligations related to its RCM6 equity investment.

DSI Business Owner

As of December 31, 2014, the Company terminated the consulting portion of the agreements the former, sole-owner of companies from which BCSI acquired its assets ("DSI Business Owner"), as described in Note 9 of the Company's Annual Report on Form 10-K for the year ended December 31, 2014. However, per the terms of the remaining agreements the Company was required to make all remaining payments structured as a note payable through the third quarter of 2017. In February 2016, the Company entered into an agreement with the DSI Business Owner and settled the remaining amounts owed as of the date of the agreement of approximately $1.1 million for $0.3 million which was paid during the first quarter of 2016.