Annual report pursuant to Section 13 and 15(d)

Notes Payable (Tables)

v3.21.1
Notes Payable (Tables)
12 Months Ended
Dec. 31, 2020
Notes Payable  
Schedule of Notes Payable

December 31, 

    

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%