Long-Term Debt

12 Months Ended

Dec. 31, 2014

Note 6—Long-Term Debt

Long-term debt consists of the following (in thousands):

	December 31,
	2014			2013
First note payable to Rich Dad Operating Company, LLC ("RDOC") for $3.5 million in deferred royalty payments, as defined by the credit agreement entered into on March 25, 2011. This note is at a 6% interest rate. Beginning in April 2012, principal became payable monthly and interest will be paid quarterly with a maturity date of April 2015 (See Note 10 for further discussion).	$	—		$	1,600
Other installment notes payable for equipment financing.		61			35
Long-term debt		61			1,635
Less: current portion		(9	)		(1,208	)
Total long-term debt, net of current portion	$	52		$	427

Long-term debt matures as follows (in thousands): $9 in 2015; $10 in 2016; $11 in 2017; $11 in 2018; $12 in 2019 and $8 in 2020.