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Debt
3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Debt

5. DEBT

 

Revolving Line of Credit

 

The Company has a revolving credit facility with Silicon Valley Bank that allows for maximum borrowings of $2,000,000. The borrowings are secured by certain collateralized accounts totaling $2,000,000. The facility bears interest at a rate of U.S. prime (3.50% at March 31, 2016). Interest is payable monthly and the principal is due upon maturity on October 5, 2017. At March 31, 2016, there were no amounts outstanding under this facility and unused availability under this facility was $2,000,000.