Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt and Other Financings (Tables)

v3.2.0.727
Long-Term Debt and Other Financings (Tables)
6 Months Ended
Jun. 30, 2015
Long-Term Debt and Other Financings [Abstract]  
Aggregate future principal and final fee payments of interest bearing obligations
Aggregate future principal, final payment fees and discounts of the Company’s total interest bearing obligations - long-term as of June 30, 2015, are as follows (in thousands):
 
Six months ending December 31, 2015
 
$
14,746
 
Year ended 2016
   
9,118
 
Year ended 2017
   
14,787
 
Year ended 2018
   
18,016
 
     
56,667
 
Less: Interest, final payment fee, discount and issuance cost
   
(8,663
)
     
48,004
 
Less: current portion
   
(15,793
)
   
$
32,211
 
Interest expense and amortization of debt issuance costs
Interest expense in the condensed consolidated statements of comprehensive loss for the three and six months ended June 30, 2015 and 2014, relates to the following debt instruments (in thousands):

   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2015
   
2014
   
2015
   
2014
 
Hercules loan
 
$
652
   
$
-
   
$
886
   
$
-
 
Servier loan
   
272
     
600
     
527
     
1,188
 
GECC term loan
   
-
     
423
     
548
     
870
 
Novartis note
   
80
     
78
     
159
     
155
 
Other
   
3
     
9
     
3
     
23
 
Total interest expense
 
$
1,007
   
$
1,110
   
$
2,123
   
$
2,236