	Debt
	September 30, 2019					June 30, 2019
	Current		Non-Current			Current		Non-Current
2023 Secured Convertible Notes	$	—	$	5,477,690		$	—	$	—
Less: unamortized discount and issuance costs		—		(273,238	)		—		—
	$	—	$	5,204,452		$	—	$	—

In September 2019, the Company completed a private offering of 5,478 Senior Secured Convertible Notes (“2019 Convertible Notes”) at $975 per $1,000 face amount due in 2023. Each 2019 Convertible Note will bear an interest rate of 7.5% per annum, payable semi-annually. The principal amount of the 2019 Convertible Notes will be convertible at a price of $1.00 per share of Paramount common stock. Unamortized discount and issuance costs of $275,883 will be amortized as an additional interest expense over the four year term of the 2019 Convertible Notes. During the period ended September 30, 2019, the Company amortized $2,645 of discount and issuance costs. At any point after the second anniversary of the issuance of the convertible notes, Paramount may force conversion if the share price of its common stock remains above $1.75 for 20 consecutive trading days. The convertible notes are secured by a lien on all assets of the Company and the Company is required to maintain a working capital balance of $250,000.