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Debt (Tables)
3 Months Ended
Mar. 31, 2016
Debt

Debt consisted of the following (in thousands):

 

     March 31, 2016  
     Principal      Unamortized
Discount
     Total  

Loan and Security Agreement

   $ 20,000       $ (172    $ 19,828   

Less: debt—current

     (4,615      88         (4,527
  

 

 

    

 

 

    

 

 

 

Debt—non-current

   $ 15,385       $ (84    $ 15,301   
  

 

 

    

 

 

    

 

 

 
     December 31, 2015  
     Principal      Unamortized
Discount
     Net Carrying
Value
 

Loan and Security Agreement

   $ 20,000       $ (196    $ 19,804   

Less: debt—current

     (3,050      94         (2,956
  

 

 

    

 

 

    

 

 

 

Debt—non-current

   $ 16,950       $ (102    $ 16,848   
  

 

 

    

 

 

    

 

 

 
Expected Principal and Interest Payments on Debt

Principal and interest payments on debt at March 31, 2016, are expected to be as follows * (in thousands):

 

Year ended December 31,

   Principal      Interest      Total  

2016

   $ 3,050       $ 1,003       $ 4,053   

2017

     6,428         980         7,408   

2018

     6,892         517         7,409   

2019

     3,630         1,474         5,104   
  

 

 

    

 

 

    

 

 

 

Total

   $ 20,000       $ 3,974       $ 23,974   
  

 

 

    

 

 

    

 

 

 

 

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