5. Related Party Debt

The Company’s outstanding related party debt at June 30, 2013 consisted of $2,600 from Gaiam and $4,150 from Riverside.

The Gaiam loans mature as follows: $1,000 on April 26, 2014 and $1,600 on April 30, 2014. These loans bear interest at an annual rate of 10% and are subordinated to the Company’s SVB Loan. On April 23, 2013, the Company entered into a conversion agreement with Gaiam pursuant to which the principal amount of Gaiam’s $1,700 promissory note dated March 27, 2013 was reduced by $100 in exchange for 62,111 shares of Class A common stock. The conversion ratio was determined based on the closing market price of the Company’s Class A common stock on the date of the agreement.

On May 21, 2013, the Company and Riverside extended the maturity dates of two loans in the aggregate principal amount of $3,150 made by Riverside to the Company. The maturity date of a $3,000 loan was extended from May 4, 2014 to September 3, 2014 and the maturity date of a $150 loan was extended from June 20, 2014 to October 29, 2014. These loans bear interest at an annual rate of 10% and are subordinated to the Company’s SVB Loan.

Accrued interest on the Company’s related party debt was $479 at June 30, 2013; $111 is reported in accrued liabilities and $368 is reported in other liabilities on our condensed consolidated balance sheet.

Gaiam and Riverside hold approximately 13.4% and 25.9% of the Company’s outstanding Class A common stock, respectively. Each is also a creditor of the Company. Pursuant to the terms of a Shareholders Agreement, Gaiam and Riverside each has the right to designate a certain number of individuals for appointment or nomination to our Board of Directors, tied to their respective ownership of our Class A common stock.

On May 28, 2013, Gaiam sold 6,017,500 shares of the Company’s Class A common shares. On June 11, 2013, Gaiam’s Chairperson resigned as the Company’s Chairperson. There are no amounts payable to Gaiam, other than debt and accrued interest, as of June 30, 2013.