Indebtedness |
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Dec. 31, 2016 | ||||||||||||||||||||||||||||||||||||
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| 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 $389,000 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 year ended December 31, 2016, the Company made payments of $152,000, of which $18,000 related to interest. At December 31, 2016, $206,000 of principal was outstanding with respect to the equipment financing arrangement. The following table sets forth the Company’s future minimum payments due under capital leases as of December 31, 2016:
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