Indebtedness |
3 Months Ended |
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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. |
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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