Quarterly report pursuant to Section 13 or 15(d)

Debt and Interest (Tables)

v3.8.0.1
Debt and Interest (Tables)
3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Schedule Of Interest Expenses
Total debt consists of the following as of March 31, 2018 and December 31, 2017:
 
($ in thousands)
 
March 31,
2018
 
December 31,
2017
 
Interest rate
 
Maturity
 
IDB Note
 
$
14,929
 
$
14,929
 
 
2.25
%
 
August - 2020
 
2017 Subordinated Note Financing
 
 
3,254
 
 
3,254
 
 
8.00
%
 
March - 2020
 
2017 Subordinated Note Financing
 
 
13,893
 
 
13,893
 
 
8.00
%
 
May - 2020
 
2017 Subordinated Note Financing
 
 
1,820
 
 
1,820
 
 
8.00
%
 
June - 2020
 
2017 Subordinated Note Financing
 
 
3,018
 
 
3,018
 
 
8.00
%
 
August - 2020
 
2017 Subordinated Note Financing
 
 
6,371
 
 
6,371
 
 
8.00
%
 
September - 2020
 
2018 Venture Notes
 
 
6,517
 
 
–
 
 
8.00
%
 
February – 2021
 
2018 Venture Notes
 
 
15,190
 
 
–
 
 
8.00
%
 
March - 2021
 
Opus Credit Facility
 
 
9,500
 
 
9,500
 
 
12.00
%
 
September – 2019
 
Helocyte Convertible Note, at fair value
 
 
–
 
 
1,000
 
 
5.00% - 8.00
%
 
December 2017
 
Helocyte Convertible Note, at fair value
 
 
860
 
 
2,194
 
 
5.00% - 8.00
%
 
March - 2018
 
Helocyte Convertible Note, at fair value
 
 
945
 
 
1,062
 
 
5.00% - 8.00
%
 
April - 2018
 
Helocyte Convertible Note, at fair value
 
 
372
 
 
444
 
 
5.00% - 8.00
%
 
May - 2018
 
Helocyte Convertible Note, at fair value
 
 
310
 
 
–
 
 
5.00% - 8-00
%
 
September 2018
 
Helocyte Convertible Note, at fair value
 
 
23
 
 
–
 
 
5.00% - 8.00
%
 
November 2018
 
Caelum Convertible Note, at fair value
 
 
1,026
 
 
1,017
 
 
8.00
%
 
January - 2019
 
Caelum Convertible Note, at fair value
 
 
6,956
 
 
6,900
 
 
8.00
%
 
February - 2019
 
Caelum Convertible Note, at fair value
 
 
2,158
 
 
2,142
 
 
8.00
%
 
March - 2019
 
Total notes payable
 
 
87,142
 
 
67,544
 
 
 
 
 
 
 
Less: Discount on notes payable
 
 
1,047
 
 
1,035
 
 
 
 
 
 
 
Total notes payable
 
$
86,095
 
$
66,509
 
 
 
 
 
 
 
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: 
 
 
 
Three Months Ended March 31,
 
($in thousands)
 
2018
 
2017
 
IDB Note
 
 
 
 
 
 
 
Interest
 
$
84
 
$
82
 
Total IDB Note
 
 
84
 
 
82
 
NSC Debt
 
 
 
 
 
 
 
Interest
 
 
-
 
 
71
 
Amortization of fees
 
 
-
 
 
38
 
Total NSC Debt
 
 
-
 
 
109
 
2017 Subordinated Note Financing
 
 
 
 
 
 
 
Interest
 
 
1,048
 
 
-
 
Amortization of fees
 
 
21
 
 
-
 
Total 2017 Subordinated Note Financing
 
 
1,069
 
 
-
 
Opus Credit Facility
 
 
 
 
 
 
 
Interest
 
 
281
 
 
232
 
Amortization of fees
 
 
319
 
 
208
 
Total Opus Note
 
 
600
 
 
440
 
2018 Venture Notes
 
 
 
 
 
 
 
Interest
 
 
56
 
 
-
 
Amortization of fees
 
 
1
 
 
-
 
Total 2018 Venture Notes
 
 
57
 
 
-
 
LOC Fees
 
 
 
 
 
 
 
Interest
 
 
7
 
 
8
 
Total LOC
 
 
7
 
 
8
 
Helocyte Convertible Note
 
 
 
 
 
 
 
Interest
 
 
68
 
 
54
 
Financing fee
 
 
-
 
 
1
 
Total Helocyte Convertible Note
 
 
68
 
 
55
 
Avenue Convertible Note
 
 
 
 
 
 
 
Financing fee
 
 
-
 
 
3
 
Total Avenue Convertible Note
 
 
-
 
 
3
 
Caelum Convertible Note
 
 
 
 
 
 
 
Interest
 
 
196
 
 
-
 
Total Caelum Convertible Note
 
 
196
 
 
-
 
Other
 
 
 
 
 
 
 
Interest
 
 
2
 
 
1
 
Total Other
 
 
2
 
 
1
 
Total Interest Expense and Financing Fee
 
$
2,083
 
$
698