Equipment Lease Obligations

9 Months Ended

12 Months Ended

Sep. 30, 2016

Dec. 31, 2015

9. Equipment Lease Obligations

The Company entered into various lease arrangements to lease equipment. The equipment with a cost of $2,853 has been capitalized and included in the Company’s property, plant and equipment. Depreciation expense under capital lease assets was approximately $73 for each of the three months and $219 for each of the nine months ended September 30, 2016 and 2015, respectively.

Future minimum lease payments for equipment lease obligations as of September 30, 2016 are as follows:


Period ending September 30,	Amount
2017	$	768
2018		669

Total minimum lease payments		1,437
Amount representing interest at 4.8%—6.3%		(81	)

Present value of payments		1,356
Less: current portion		(707	)

Total equipment financing obligations, net of current portion	$	649

8. Equipment Financing Obligations

The Company entered into various arrangements to finance equipment. Accordingly, the equipment with a cost of $2,853 has been capitalized and included in the Company’s property, plant and equipment for year ended December 31, 2015. Depreciation expense under equipment financing obligation assets was $366 and $245 for the years ended December 31, 2015 and 2014, respectively.

Future annual payments for equipment financing obligations at December 31, 2015 are as follows:


Year Ending December 31,	Amount
2016	$	483
2017		720
2018		588
2019		—
2020		—

Total payments		1,791
Less: amount representing interest at 4.8%—6.3%		136

Present value of payments		1,655
Less: current portion		409

Equipment financing obligations, net of current portion	$	1,246