Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.5.0.2
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2016, are as follows (in thousands):

 

Six months ending December 31, 2016

 

$

4,635

 

Year ended 2017

 

 

14,768

 

Year ended 2018

 

 

18,014

 

Year ended 2019

 

 

 

Year ended 2020

 

 

15,748

 

 

 

 

53,165

 

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

 

 

(6,641

)

 

 

 

46,524

 

Less: interest bearing obligations – current

 

 

(12,138

)

Interest bearing obligations – non-current

 

$

34,386

 

 

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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Hercules term loan

 

$

679

 

 

$

652

 

 

$

1,351

 

 

$

886

 

Servier loan

 

 

225

 

 

 

272

 

 

 

451

 

 

 

527

 

GECC term loan

 

 

 

 

 

 

 

 

 

 

 

548

 

Novartis note

 

 

98

 

 

 

80

 

 

 

195

 

 

 

159

 

Other

 

 

5

 

 

 

3

 

 

 

12

 

 

 

3

 

Total interest expense

 

$

1,007

 

 

$

1,007

 

 

$

2,009

 

 

$

2,123