Fortress Biotech, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Debt and Interest (Tables)

Debt and Interest (Tables)

3 Months Ended

Mar. 31, 2016

Long-term debt to Israel Discount Bank (“IDB”) and National Securities Corporation (“NSC”) consists of the following as of March 31, 2016 and December 31, 2015:

					Interest
($ in thousands)	March 31, 2016		December 31, 2015		Rate			Maturity
IDB Note	$	14,009	$	14,009		2.25	%		Feb - 2017
NSC Note		7,208		10,000		8.00	%		Mar - 2018
Total notes payable, long-term		21,217		24,009
Less: Discount on notes payable		466		835
Total notes payable, long-term, net	$	20,751	$	23,174

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 associated with loan transaction costs, amortized over the life of the loan:

	For the Three Months Ended March 31,
($ in thousands)	2016		2015
IDB Note
Interest	$	80	$	69
Amortization of fees		1		1
Total IDB Note		81		70

NSC Debt
Interest		167		72
Amortization of fees		368		20
Total NSC Debt		535		92

Ovamed
Interest		-		167
Total Ovamed		-		167

LOC Fees
Interest		4		2
Total LOC		4		2
Total Interest Expense	$	620	$	331