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Debt (Tables)
 3 Months Ended
Mar. 31, 2018
Transfers And Servicing [Abstract]  
Schedule of Debt

Debt consisted of the following (in thousands):

 

 

March 31, 2018

 

 

December 31, 2017

 

JGB Debt

 

$

—

 

 

$

7,743

 

Danske Bank Credit Facility

 

 

461

 

 

 

6,763

 

SSP Primers Loan

 

 

—

 

 

 

1,215

 

Current portion of long-term debt

 

$

461

 

 

$

15,721

 

 

 

 

 

 

 

 

 

 

JGB Debt

 

$

—

 

 

$

14,168

 

Danske Bank Term Loan

 

 

5,622

 

 

 

—

 

FastPartner Subordinated Promissory Notes

 

 

2,363

 

 

 

2,400

 

Al Amoudi Subordinated Promissory Notes

 

 

1,744

 

 

 

1,770

 

Long-term debt, net of current portion

 

$

9,729

 

 

$

18,338

 

 
Schedule of Maturities of Debt

As of March 31, 2018, future debt maturities were as follows (in thousands):

 

Years Ending December 31,

 

Amount

 

Remainder of 2018

 

$

6,083

 

2019

 

 

4,107

 

Total debt maturities

 

 

10,190

 

Less: current portion of long-term debt

 

 

(461

)

Long-term debt, net carrying value

 

$

9,729

 

 
Schedule of Carrying Values of Debt

The following table summarizes the Company’s carrying value of the JGB debt (in thousands) on the March 15, 2017 issuance date:

 

 

 

March 15, 2017

 

Debt principal

 

$

27,780

 

Less: Issuance cost

 

 

(998

)

         Original issue discount

 

 

(2,780

)

         Original warrant valuation

 

 

(900

)

         Embedded Derivative Liability

 

 

(2,290

)

Total debt discount

 

 

(6,968

)

Carrying Value

 

$

20,812