Loan and Security Agreement (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of outstanding debt and unamortized debt discount balances


	September 30,		December 31,
	2019		2018

Total Outstanding Debt	$	20,000,000	$	6,388,889
Add: accreted liability of final payment fee		284,042		663,459
Less: unamortized debt discount, long-term		(509,231)		(99,595)
Less: current portion of long-term debt		(666,667)		(3,333,333)
Loan payable, long-term	$	19,108,144	$	3,619,420

Current portion of long-term debt	$	666,667	$	3,333,333
Less: current portion of unamortized debt discount		(18,144)		(41,939)
Loan payable, current portion	$	648,523	$	3,291,394

Schedule of principal payments


2020	$	2,666,667
2021		8,000,000
2022		8,000,000
2023		1,333,333
Total principal payments outstanding	$	20,000,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details