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Long-term Obligations (Tables)
 12 Months Ended
Dec. 31, 2012
Long-term Obligations [Abstract]  
Term Loan Outstanding
Additional details relating to the above term loan that is outstanding as of December 31, 2012, are presented in the following table:

Origination Date
 
 
Original Loan Amount
 
 
Interest 
Rate
 
 
Current
Monthly
Payment*
 
Term
 
Remaining
Principal
(Face Value)
 
September 2011
 
$
 25,000,000
 
 
 
9.87
%
 
$
1,008,212
 
42 Months
 
$
22,275,000
 
________________________________________
*           Current monthly payment is inclusive of interest and principal
Future Minimum Debt and Lease Payments
As of December 31, 2012, the future contractual principal and final fee payments on all of our debt and lease obligations are as follows:

Years Ending December 31,
 
 
 
 
 
 
2013
 
$
9,927,000
 
2014
 
 
9,922,000
 
2015
 
 
3,749,000
 
2016
 
 
6,000
 
Total
 
$
23,604,000
 
Face Value to Book Value Reconciliation
Reconciliation of Face Value to Book Value as of December 31, 2012
 
 
 
 
 
 
Total debt and lease obligations, including final payment fee (Face Value)
 
$
23,604,000
 
Less: Debt discount
 
 
(917,000
)
Total:
 
 
22,687,000
 
Less: Current portion
 
 
(9,784,000
)
Long-term obligation
 
$
12,903,000