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Long-term Obligations (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Term Loan Outstanding

Additional details relating to the outstanding Term Loan as of December 31, 2016 and 2015 are presented in the following table (in thousands):

 

Year ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Origination Date

 

Original Loan

Amount

 

 

Interest

Rate**

 

 

Current

Monthly

Payment*

 

 

Original Term

 

Remaining

Principal

(Face Value)

 

May 2015

 

$

17,700

 

 

 

8.95

%

 

$

136

 

 

48 Months

 

$

17,700

 

 

Year ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Origination Date

 

Original Loan

Amount

 

 

Interest

Rate**

 

 

Current

Monthly

Payment***

 

 

Original Term

 

Remaining

Principal

(Face Value)

 

May 2015

 

$

17,700

 

 

 

8.95

%

 

$

136

 

 

48 Months

 

$

17,700

 

 

*Monthly payment as of December 2016, which reflects interest only

**3 month LIBOR rate with a floor of 1% plus 7.95%

 

 

Future Minimum Debt and Lease Payments

As of December 31, 2016, the future contractual principal and final fee payments on all of our debt and capital lease obligations are as follows (as thousands):

 

Years Ending December 31,

 

 

 

 

2017

 

$

7,080

 

2018

 

 

7,080

 

2019

 

 

4,629

 

Total

 

$

18,789

 

 

Face Value to Book Value Reconciliation

 

Reconciliation of Face Value to Book Value as of December 31, 2016

 

 

 

 

Total debt and lease obligations, including final payment fee

   (Face Value)

 

$

18,789

 

Less: Debt discount

 

 

(1,152

)

Total obligation

 

$

17,637