Quarterly report pursuant to Section 13 or 15(d)

Indebtedness

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Indebtedness
3 Months Ended
Mar. 31, 2018
Indebtedness  
Indebtedness

8. 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 was required to make consecutive monthly payments of principal, plus accrued interest at 6.44%, over 36 months through March 2018. During the three months ended March 31, 2018, the Company made payments of $0.1 million, including interest. At December 31, 2017, $0.1 million of principal was outstanding with respect to the equipment financing arrangement. As of March 31, 2018, the Company had satisfied all payment obligations under the lease agreement with the vendor and had no further indebtedness relating to this lease agreement.