Annual report pursuant to Section 13 and 15(d)

Debt and Interest (Tables)

v3.8.0.1
Debt and Interest (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule Of Interest Expenses
Total debt consists of the following as of December 31, 2017 and December 31, 2016
 
 
 
December 31,
 
 
 
 
 
 
 
($ in thousands)
 
2017
 
2016
 
Interest rate
 
Maturity
 
IDB Note
 
$
14,929
 
$
14,929
 
 
2.25
%
 
Aug - 2020
 
NSC Note
 
 
-
 
 
3,608
 
 
8.00
%
 
Sep - 2018
 
2017 Subordinated Note Financing
 
 
3,254
 
 
-
 
 
8.00
%
 
March - 2020
 
2017 Subordinated Note Financing
 
 
13,893
 
 
-
 
 
8.00
%
 
May - 2020
 
2017 Subordinated Note Financing
 
 
1,820
 
 
-
 
 
8.00
%
 
June - 2020
 
2017 Subordinated Note Financing
 
 
3,018
 
 
-
 
 
8.00
%
 
August - 2020
 
2017 Subordinated Note Financing
 
 
6,371
 
 
-
 
 
8.00
%
 
September - 2020
 
Opus Credit Facility
 
 
9,500
 
 
7,000
 
 
12.00
%
 
Sep - 2018
 
Helocyte Convertible Note, at fair value
 
 
1,000
 
 
1,031
 
 
5.00% - 8.00
%
 
December 2017
 
Helocyte Convertible Note, at fair value
 
 
2,194
 
 
2,051
 
 
5.00% - 8.00
%
 
March - 2018
 
Helocyte Convertible Note, at fair value
 
 
1,062
 
 
991
 
 
5.00% - 8.00
%
 
April - 2018
 
Helocyte Convertible Note, at fair value
 
 
444
 
 
414
 
 
5.00% - 8.00
%
 
May - 2018
 
Avenue Convertible Note, at fair value
 
 
-
 
 
200
 
 
5.00% - 8.00
%
 
June - 2018
 
Caelum Convertible Note, at fair value
 
 
1,017
 
 
-
 
 
8.00
%
 
January - 2019
 
Caelum Convertible Note, at fair value
 
 
6,900
 
 
-
 
 
8.00
%
 
February - 2019
 
Caelum Convertible Note, at fair value
 
 
2,142
 
 
-
 
 
8.00
%
 
June - 2019
 
Total notes payable
 
 
67,544
 
 
30,224
 
 
 
 
 
 
 
Less: Discount on notes payable
 
 
1,035
 
 
2,009
 
 
 
 
 
 
 
Total notes payable
 
$
66,509
 
$
28,215
 
 
 
 
 
 
 
Schedule Of Interest Expenses For Debt Arrangements
The following table shows the details of interest expense for all debt arrangements during the periods presented. Interest expense includes contractual interest and amortization of the debt discount and amortization of fees represents fees associated with loan transaction costs, amortized over the life of the loan:
 
 
 
For the Years Ended December 31,
 
($ in thousands)
 
2017
 
2016
 
2015
 
IDB Note
 
 
 
 
 
 
 
 
 
 
Interest
 
$
340
 
$
328
 
$
314
 
Amortization of fees
 
 
-
 
 
1
 
 
5
 
Total IDB Note
 
 
340
 
 
329
 
 
319
 
 
 
 
 
 
 
 
 
 
 
 
NSC Debt
 
 
 
 
 
 
 
 
 
 
Interest
 
 
147
 
 
599
 
 
690
 
Amortization of fees
 
 
201
 
 
1,270
 
 
309
 
Total NSC Debt
 
 
348
 
 
1,869
 
 
999
 
 
 
 
 
 
 
 
 
 
 
 
2017 Subordinated Note
 
 
 
 
 
 
 
 
 
 
Interest
 
 
2,234
 
 
-
 
 
-
 
Amortization of fees
 
 
76
 
 
-
 
 
-
 
Total 2017 Subordinated Note
 
 
2,310
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Opus Credit Facility
 
 
 
 
 
 
 
 
 
 
Interest
 
 
1,087
 
 
192
 
 
-
 
Amortization of fees
 
 
1,037
 
 
195
 
 
-
 
Total Opus Note
 
 
2,124
 
 
387
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Ovamed
 
 
 
 
 
 
 
 
 
 
Interest
 
 
-
 
 
-
 
 
166
 
Total Ovamed
 
 
-
 
 
-
 
 
166
 
 
 
 
 
 
 
 
 
 
 
 
LOC Fees
 
 
 
 
 
 
 
 
 
 
Interest
 
 
36
 
 
11
 
 
-
 
Total LOC
 
 
36
 
 
11
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Helocyte Convertible Note
 
 
 
 
 
 
 
 
 
 
Interest
 
 
261
 
 
61
 
 
-
 
Financing fee
 
 
1
 
 
962
 
 
-
 
Total Helocyte Convertible Note
 
 
262
 
 
1,023
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Avenue Convertible Note
 
 
 
 
 
 
 
 
 
 
Interest
 
 
5
 
 
-
 
 
-
 
Financing fee
 
 
3
 
 
70
 
 
-
 
Total Avenue Convertible Note
 
 
8
 
 
70
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Caelum Convertible Note
 
 
 
 
 
 
 
 
 
 
Interest
 
 
265
 
 
-
 
 
-
 
Financing fee
 
 
100
 
 
-
 
 
-
 
Total Caelum Convertible Note
 
 
365
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Falk CSR
 
 
 
 
 
 
 
 
 
 
Interest
 
 
64
 
 
-
 
 
-
 
Total Falk CSR
 
 
64
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
D&O Insurance
 
 
 
 
 
 
 
 
 
 
Interest
 
 
3
 
 
1
 
 
-
 
Total D&O Insurance
 
 
3
 
 
1
 
 
-
 
Total Interest Expense and Financing Fee
 
$
5,860
 
$
3,690
 
$
1,484