Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.7.0.1
Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Aggregate Future Principal and Discounts of Interest Bearing Obligations

Payments of Interest Bearing Obligations

Aggregate future principal and discounts of the Company’s total interest bearing obligations as of March 31, 2017, are as follows (in thousands):

 

Nine months ending December 31, 2017

 

$

5,454

 

Year ending December 31, 2018

 

 

7,545

 

Year ending December 31, 2019

 

 

 

Year ending December 31, 2020  

 

 

15,980

 

 

 

 

28,979

 

Less: interest, discount and issuance cost

 

 

(2,350

)

 

 

 

26,629

 

Less: interest bearing obligations – current

 

 

(12,544

)

Interest bearing obligations – non-current

 

$

14,085

 

 

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,

 

 

 

2017

 

 

2016

 

Hercules term loan

 

$

311

 

 

$

672

 

Servier loan

 

 

177

 

 

 

226

 

Novartis note

 

 

117

 

 

 

97

 

Other

 

 

4

 

 

 

7

 

Total interest expense

 

$

609

 

 

$

1,002