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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2015
Schedule of Long-Term Debt

Long-term debt consists of the following as of the dates presented (in thousands):

 

 

December 31,

 

 

December 31,

 

 

2015

 

 

2014

 

Surplus note

$

15,809

 

 

$

17,280

 

Term loan

 

6,851

 

 

 

13,330

 

Promissory note

 

1,390

 

 

 

—

 

Total

$

24,050

 

 

$

30,610

 

 
Estimate of Principal Payments to Be Made for the Amount Due on the Surplus Note

The following table provides an estimate of principal payments to be made for the amounts due on the surplus note and the Term Loan as of December 31, 2015 (in thousands):

 

2016

 

$

9,860

 

2017

 

 

1,471

 

2018

 

 

1,471

 

2019

 

 

1,471

 

2020

 

 

1,471

 

Thereafter

 

 

8,455

 

Total (1)

 

$

24,199

 

 

(1)

Differs from amount presented in the Balance Sheet as of December 31, 2015 due to unamortized discount as presented in the table above.
Term Loan [Member]  
Schedule of Long-Term Debt

The following table provides the principal amount and unamortized original issue discount of the Term Loan as of the dates presented (in thousands):

 

 

As of December 31,

 

 

 

2015

 

 

2014

 

Principal amount

 

$

7,000

 

 

$

14,000

 

Less: Unamortized discount

 

 

(149

)

 

 

(670

)

Term Loan, net of unamortized discount

 

$

6,851

 

 

$

13,330