XML 26 R11.htm IDEA: XBRL DOCUMENT

LOAN PAYABLE	107 Months Ended
Dec. 31, 2011
LOAN PAYABLE	NOTE 5—LOAN PAYABLE Loan payable consisted of an equipment line of up to $250,000 with Wells Fargo of which $0 and $35,607 were outstanding as of December 31, 2011 and 2010, respectively. This loan had an interest rate of 7.61% per annum, matured in June 2011 and was secured by Opexa’s furniture and equipment purchased with the loan proceeds. For the years ended December 31, 2011 and 2010, Opexa recognized interest expense of $775 and $5,522, respectively, associated with its equipment line.

LOAN PAYABLE

107 Months Ended

Dec. 31, 2011

NOTE 5—LOAN PAYABLE

Loan payable consisted of an equipment line of up to $250,000 with Wells Fargo of which $0 and $35,607 were outstanding as of December 31, 2011 and 2010, respectively. This loan had an interest rate of 7.61% per annum, matured in June 2011 and was secured by Opexa’s furniture and equipment purchased with the loan proceeds. For the years ended December 31, 2011 and 2010, Opexa recognized interest expense of $775 and $5,522, respectively, associated with its equipment line.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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