Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

v3.20.2
Notes Payable (Tables)
6 Months Ended
Jun. 30, 2020
Notes Payable  
Schedule of notes payable

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June 30, 

    

December 31, 

    

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($ in thousands)

    

2020

    

2019

    

Interest Rate

    

Maturity

Horizon Notes (1)(2)

 

$

15,750

 

$

15,750

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9.00

%

October - 2022

Discount on notes payable

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(1,791)

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(2,321)

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Total notes payable

 

$

13,959

 

$

13,429

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Less: current portion

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(5,000)

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(1,250)

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Long-term notes payable

 

$

8,959

 

$

12,179

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(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%