Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.4.0.3
Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2016
Debt Disclosure [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 as of March 31, 2016, are as follows (in thousands):

 

Nine months ending December 31, 2016

 

$

5,118

 

Year ended 2017

 

 

14,899

 

Year ended 2018

 

 

18,192

 

Year ended 2019

 

 

 

Year ended 2020

 

 

15,665

 

 

 

 

53,874

 

Less: Interest, final payment fee, discount and issuance cost

 

 

(7,623

)

 

 

 

46,251

 

Less: interest bearing obligations – current

 

 

(10,244

)

Interest bearing obligations – non-current

 

$

36,007

 

 

Interest expense and amortization of debt issuance costs

Amortization of debt issuance costs and discounts are included in interest expense. Interest expense in the condensed consolidated statements of comprehensive loss relates to the following debt instruments (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2016

 

 

2015

 

Hercules loan

 

$

672

 

 

$

234

 

Servier loan

 

 

226

 

 

 

255

 

GECC term loan

 

 

 

 

 

548

 

Novartis note

 

 

97

 

 

 

78

 

Other

 

 

7

 

 

 

 

Total interest expense

 

$

1,002

 

 

$

1,115