Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

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

September 30, 

    

December 31, 

    

    

($ in thousands)

    

2020

    

2019

    

Interest Rate

    

Maturity

Horizon Notes (1)(2)

 

$

 

$

15,750

9.00

%

October - 2022

Discount on notes payable

(2,321)

Total notes payable

 

$

 

$

13,429

Less: current portion

(1,250)

Long-term notes payable

 

$

 

$

12,179

(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%