XML 21 R33.htm IDEA: XBRL DOCUMENT v2.4.1.9
Long-term Obligations (Tables)
 12 Months Ended
Dec. 31, 2014
Long-term Obligations [Abstract]  
Term Loan Outstanding
Additional details relating to the outstanding Term Loan as of December 31, 2014, are presented in the following table:

Origination Date
 
Original Loan
 Amount
  
Interest
Rate
  
Current
Monthly
Payment*
 
Original Term
 
Remaining
Principal
(Face Value)
 
June 2013
 
$
27,000,000
   
9.75
%
 
$
203,434
 
48 Months
 
$
25,038,125
 
 
*  Current monthly payment is inclusive of interest only
Future Minimum Debt and Lease Payments
As of December 31, 2014, the future contractual principal and final fee payments on all of our debt and lease obligations are as follows:

Years Ending December 31,
  
   
2015
 
$
7,462,000
 
2016
  
10,805,000
 
2017
  
8,596,000
 
Total
 
$
26,863,000
 
Face Value to Book Value Reconciliation
Reconciliation of Face Value to Book Value as of December 31, 2014
  
   
Total debt and lease obligations, including final payment fee (Face Value)
 
$
26,863,000
 
Less: Debt discount
  
(1,459,000
)
Total:
  
25,404,000
 
Less: Current portion
  
(7,363,000
)
Long-term obligation
 
$
18,041,000