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Debt (Tables) | 3 Months Ended
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Mar. 31, 2020
Debt |
Schedule of maturities of long-term debt | As of March 31, 2020, the Company’s long-term debt balance was as follows (dollars in thousands):
|  |  | Annual |  | March 31, |  |  | December 31,
|  |  | Interest Rate |  | 2020 |  |  | 2019
Term loan (matures October 1, 2023) |  |  | 7.85% |  | $ | 10,000 |  |  | $ | 10,000
Debt issuance costs, net of amortization |  |  |  |  |  | (208) |  |  |  | (222)
Accrued final payment fee |  |  |  |  |  | 40 |  |  |  | 16
Long-term debt, net |  |  |  |  | $ | 9,832 |  |  | $ | 9,794
Schedule of minimum future debt payment obligation | The following table summarizes the Company’s minimum future debt payment obligations including principal and final payment fee as of March 31, 2020 (in thousands):
Year Ending December 31: |  | Amount
2020 (remaining nine months) |  | $ | —
2021 |  |  | 833
2022 |  |  | 5,000
2023 |  |  | 4,452
Total |  | $ | 10,285

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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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