Insurance Premium Financing

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Insurance Premium Financing

NOTE 7. INSURANCE PREMIUM FINANCING 

In October 2017, the Company executed an unsecured note payable for $4.1 million to a third-party financing company for a portion of the Company's annual insurance premiums.  The note, which is payable in installments of principal and interest of approximately $1.4 million, bears interest at 3.0% and matured in October 2018.

During October 2018, the Company entered into agreements to pay approximately $4.7 million to third-party financing companies for the Company's annual insurance premiums. The balance of the note payable as of December 31, 2018 was $4.4 million.