Debt Obligations

9 Months Ended

Sep. 30, 2015

NOTE 5: DEBT OBLIGATIONS

Debt obligations consisted of the following at September 30, 2015 and December 31, 2014:


		As of
($ in thousands)		September 30, 2015		December 31, 2014
Short-term debt:
Capital leases and other borrowings, current portion	$	405	$	325

Long-term debt:
Capital leases and other borrowings		403		295
Total debt obligations	$	808	$	620

On November 7, 2014, the Company entered into a demand line of credit with TriState (the Demand Line of Credit) to allow for borrowings up to $5.0 million. The Company borrows or repays its debt as needed based upon its working capital obligations. It is up to the discretion of TriState to approve borrowings within the allowed line of credit limit and TriState may, at any time, demand that the Company make payment on an outstanding balance. There are no financial covenants under the Demand Line of Credit. As of September 30, 2015, the Company did not have any outstanding balance under the Demand Line of Credit.