September 30, 

December 31, 

Interest

($ in thousands)

2019

2018

Rate

Maturity

Horizon Notes (1)(2)

$

15,750

$

 —

9.00

%  

October - 2022

Less: Discount on notes payable

2,565

 —

Total notes payable

$

13,185

$

 —

(1)

Balance includes $0.75 million final payment fee

(2)

Interest rate is 9.00% plus one-month LIBOR Rate in excess of 2.5%