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Debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt  
Schedule of debt

        Debt consists of the following (in thousands):

                                                                                                                                                                                    

 

 

December 31,
2015

 

December 31,
2014

 

Line of credit with FGI

 

$

3,513

 

$

2,841

 

$1.5 million, 8% shareholder note due 2018(1)

 

 

1,623

 

 

1,598

 

$3.0 million, 8% subordinated convertible shareholder notes due 2018(1)

 

 

2,972

 

 

2,947

 

$3.0 million, 8% shareholder note due 2018(1)

 

 

2,964

 

 

2,931

 

​  

​  

​  

​  

 

 

 

11,072

 

 

10,317

 

Less current portion

 

 

(3,513

)

 

(2,841

)

​  

​  

​  

​  

 

 

$

7,559

 

$

7,476

 

​  

​  

​  

​  

​  

​  

​  

​  


 

 

 

(1)          

Debt discounts relate to warrants issued with shareholder notes and amendments. The aggregate amount of unamortized debt discount was $0.1 million and $0.2 million at December 31, 2015 and 2014, respectively. For additional information, refer to the respective discussions below.

 

Schedule of principal payments of debt

        Annual scheduled principal payments of debt based on earliest redemption date as of December 31, 2015 are (in thousands):

                                                                                                                                                                                    

 

 

 

 

Years ending December 31:

 

 

 

 

2016

 

$

3,663 

 

2018

 

 

7,500 

 

​  

​  

Total

 

$

11,163 

 

​  

​  

​  

​