Annual report pursuant to Section 13 and 15(d)

Notes Payable (Tables)

v3.20.1
Notes Payable (Tables)
 12 Months Ended
Dec. 31, 2019
Notes Payable  
Schedule of notes payable

 

 

December 31, 

    

December 31, 

    

 

    

 

($ in thousands)

    

2019

    

2018

    

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

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