Quarterly report pursuant to Section 13 or 15(d)

Indebtedness

v3.7.0.1
Indebtedness
6 Months Ended
Jun. 30, 2017
Indebtedness  
Indebtedness

7. Indebtedness

 

Equipment Financing

 

In March 2015, the Company entered into a lease agreement with a vendor for certain laboratory equipment. The Company financed $0.4 million of the amount owed under the lease agreement and is required to make consecutive monthly payments of principal, plus accrued interest at 6.44%, over 36 months through March 2018. During the six months ended June 30, 2017, the Company made payments of $0.1 million, including interest. At June 30, 2017,  $0.1 million of principal was outstanding with respect to the equipment financing arrangement. The Company also leases some of its office equipment under a capital lease agreement.