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Debt (Tables)
3 Months Ended
Mar. 31, 2015
Debt

Debt at March 31, 2015, consisted of the following (in thousands):

 

     March 31, 2015  
     Principal      Unamortized
Discount
     Total  

Loan and Security Agreement

   $ 10,000       $ (117    $ 9,883   

Less: debt - current

     (637      46         (591
  

 

 

    

 

 

    

 

 

 

Debt - non-current

$ 9,363    $ (71 $ 9,292   
  

 

 

    

 

 

    

 

 

 

Debt at December 31, 2014, consisted of the following (in thousands):

 

     December 31, 2014  
     Principal      Unamortized
Discount
     Total  

Loan and Security Agreement

   $ 10,000       $ (128    $ 9,872   

Less: debt - current

     0         0         0   
  

 

 

    

 

 

    

 

 

 

Debt - non-current

$ 10,000    $ (128 $ 9,872   
  

 

 

    

 

 

    

 

 

 

Expected Principal and Interest Payments on Debt

Principal and interest payments on debt at March 31, 2015, are expected to be as follows * (in thousands):

 

Year ended December 31,

   Principal      Interest      Total  

2015

   $ 0       $ 522       $ 522   

2016

     2,614         613         3,227   

2017

     2,802         425         3,227   

2018

     3,003         224         3,227   

2019

     1,581         733         2,314   
  

 

 

    

 

 

    

 

 

 

Total

$ 10,000    $ 2,517    $ 12,517   
  

 

 

    

 

 

    

 

 

 

 

* Unless interest only period extends to December 31, 2016, as described below.