Outstanding debt at June 30, 2015 and December 31, 2014 is summarized as follows (in thousands):

		June 30,		December 31,
		2015		2014

Current:
Third Party Loan	$	2,500	$	—
Counsel Loan		1,604		2,985
Credit Facility		—		525
		4,104		3,510
Non-current:
Third Party Loan		—		2,500

Total debt	$	4,104	$	6,010

The Company entered into a loan with an unrelated party (the “Third Party Loan”) during the second quarter of 2014 for a principal amount of $2.5 million. The loan bears interest at 6% and had an original maturity date of January 15, 2015. In December 2014, the maturity date was extended to January 15, 2016 at the same interest rate. The loan is not subject to any covenants or conditions.

The Counsel Loan, which is due on demand, was originally entered into during the fourth quarter of 2003 and accrued interest at 10% per annum compounded quarterly from the date funds were advanced. The Counsel Loan is secured by the assets of the Company.

In the second quarter of 2014, following Street Capital Group Inc.’s (formerly Counsel Corporation, herein referred to as “Counsel”) distribution of its ownership interest in HGI to Counsel shareholders as a dividend in kind, this facility was replaced and the outstanding balance was transferred to a new facility (also the “Counsel Loan”). Under the new loan agreement, payment is due within thirty days following the end of each quarter. Unpaid balances accrue interest at a rate per annum equal to the lesser of the Wall St. Journal (“WSJ”) prime rate + 2.0%, or the maximum rate allowable by law. As of June 30, 2015 and December 31, 2014, the interest rate for the loan was 5.25%. Please see Note 10 for further discussion of transactions with Counsel.

The Credit Facility in existence at December 31, 2014 was provided to HG LLC by a U.S. bank. The Credit Facility was repaid in full in March 2015.