Long-Term Debt

12 Months Ended

Dec. 31, 2015

Long-Term Debt

Long-Term Debt

11. Long‑Term Debt

Long‑term debt consisted of the following at December 31, 2015 and 2014:

	December 31,
(dollars in thousands)	2015		2014
Capital lease(1)	$	48	$	54
Total long‑term debt	$	48	$	54

⁽¹⁾ Interest is payable monthly.

At December 31, 2015 and 2014, the Company had a capital lease obligation with a 6.78% interest rate that matures in 2021.

At December 31, 2015, future contractual principal payments on long‑term debt were as follows:

	Principal
(dollars in thousands)	Payments
Year ending December 31:
2016	$	7
2017		7
2018		8
2019		8
2020		9
Thereafter		9
Total	$	48