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Notes Payable
12 Months Ended
Dec. 31, 2018
Notes Payable  
Notes Payable

8.    Notes Payable

 

The Company had a credit facility with MidCap Financial Trust, Flexpoint MCLS SPV LLC and Square 1 Bank pursuant to which the Company received total proceeds of $10.0 million under term loans (the “Credit Facility”). All amounts outstanding under the Credit Facility were due on October 1, 2018 and were collateralized by substantially all of the Company’s personal property, other than its intellectual property. The Credit Facility has expired. 

 

The Company recognized $0.1 million and $0.5 million of interest expense related to the Credit Facility in the years ended December 31, 2018 and 2017, respectively.