Note 9

Long-term Debt:

In the following table is a summary of the Company's long-term debt, which the Company remained subject to in the reverse merger on December 13, 2011.

	September 30, 2012			December 31, 2011
	(unaudited)

Term note, net of unamortized debt discount of $0 and $302, respectively	$	-		$	1,698
Capital lease obligations		17			30
Sub-total		17			1,728
Less: current portion		(17	)		(1,720	)
Total long-term debt	$	-		$	8

Term Note

On March 19, 2010, Pre-merged PhotoMedex entered a Term Loan and Security Agreement with Clutterbuck Funds for a principal amount of $2.5 million, with interest accruing at a rate of 12% per annum. On March 28, 2011, Clutterbuck Funds agreed to extend the maturity date of the secured term loan to December 1, 2012. Starting in August 2011, Pre-merged PhotoMedex began monthly installments of principal such that the final payment at maturity would be $75. The collateral securing the first-position security interest of Clutterbuck Funds remained in place. On June 11, 2012, the Company paid off this loan and was relieved of all related obligations.

Capital Leases

The obligation under the Company's capital lease is at a fixed interest rate and is collateralized by the related property and equipment (see Note 4, Property and Equipment).

The following table summarizes the future minimum payments that the Company expects to make for long-term debt and capital lease obligations:

Three months of 2012	$	7
2013		11
Total minimum payments		18

Less: interest		(1	)

Present value of total minimum obligations	$	17