Quarterly report pursuant to Section 13 or 15(d)

Loans Payable (Tables)

v3.19.3
Loans Payable (Tables)
9 Months Ended
Sep. 30, 2019
Loans Payable  
Schedule of debt

The following table summarizes how the issuance of Term Loans A, B, and C are reflected on the balance sheet at September 30, 2019 and December 31, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

    

September 30, 

 

December 31, 

    

 

 

2019

 

2018

 

Gross proceeds

 

$

6,333

 

$

15,833

 

Debt discount and debt issuance costs (1)

 

 

1,825

 

 

1,540

 

Carrying value

 

 

8,158

 

 

17,373

 

Current portion of loans payable, net

 

 

8,158

 

 

12,562

 

Loans payable, net

 

$

 —

 

$

4,811

 


(1)

Includes the final fee payment due upon last payment date of the amounts borrowed.