Quarterly report pursuant to Section 13 or 15(d)

Debt and Interest (Tables)

v3.10.0.1
Debt and Interest (Tables)
 6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Schedule Of Interest Expenses
Total debt consists of the following as of June 30, 2018 and December 31, 2017:
 
($ in thousands)
 
June 30,
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
 
 
3,017
 
 
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
 
 
8.00
%
 
December - 2017
 
Helocyte Convertible Note, at fair value
 
 
300
 
 
2,194
 
 
8.00
%
 
September - 2018
 
Helocyte Convertible Note, at fair value
 
 
–
 
 
1,062
 
 
8.00
%
 
April - 2018
 
Helocyte Convertible Note, at fair value
 
 
23
 
 
444
 
 
8.00
%
 
November - 2018
 
Helocyte Convertible Note, at fair value
 
 
–
 
 
–
 
 
8.00
%
 
September - 2018
 
Helocyte Convertible Note, at fair value
 
 
10
 
 
–
 
 
8.00
%
 
October - 2018
 
Caelum Convertible Note, at fair value
 
 
1,036
 
 
1,017
 
 
8.00
%
 
January - 2019
 
Caelum Convertible Note, at fair value
 
 
7,024
 
 
6,900
 
 
8.00
%
 
February - 2019
 
Caelum Convertible Note, at fair value
 
 
2,180
 
 
2,142
 
 
8.00
%
 
March - 2019
 
Total notes payable
 
 
85,064
 
 
67,544
 
 
 
 
 
 
 
Less: Discount on notes payable
 
 
1,035
 
 
1,035
 
 
 
 
 
 
 
Total notes payable
 
$
84,029
 
$
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 June 30,
 
Six Months Ended June 30,
 
($ in thousands)
 
2018
 
2017
 
2018
 
2017
 
IDB Note
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest
 
$
85
 
$
87
 
$
169
 
$
169
 
Total IDB Note
 
 
85
 
 
87
 
 
169
 
 
169
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NSC Debt
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest
 
 
–
 
 
84
 
 
–
 
 
155
 
Amortization of fees
 
 
–
 
 
40
 
 
–
 
 
73
 
Total NSC Debt
 
 
–
 
 
124
 
 
–
 
 
228
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2017 Subordinated Note Financing
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest
 
 
1,049
 
 
406
 
 
2,097
 
 
406
 
Amortization of fees
 
 
30
 
 
175
 
 
51
 
 
175
 
Total 2017 Subordinated Note Financing
 
 
1,079
 
 
581
 
 
2,148
 
 
581
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Opus Credit Facility
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest
 
 
284
 
 
276
 
 
565
 
 
508
 
Amortization of fees
 
 
101
 
 
241
 
 
420
 
 
454
 
Total Opus Note
 
 
385
 
 
517
 
 
985
 
 
962
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2018 Venture Notes
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest
 
 
429
 
 
–
 
 
485
 
 
–
 
Amortization of fees
 
 
9
 
 
–
 
 
10
 
 
–
 
Total 2018 Venture Notes
 
 
438
 
 
–
 
 
495
 
 
–
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LOC Fees
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest
 
 
9
 
 
7
 
 
16
 
 
15
 
Total LOC
 
 
9
 
 
7
 
 
16
 
 
15
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Helocyte Convertible Note
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest
 
 
19
 
 
57
 
 
87
 
 
111
 
Financing fee
 
 
–
 
 
–
 
 
–
 
 
1
 
Total Helocyte Convertible Note
 
 
19
 
 
57
 
 
87
 
 
112
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Avenue Convertible Note
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest
 
 
–
 
 
5
 
 
–
 
 
5
 
Financing fee
 
 
–
 
 
-
 
 
–
 
 
3
 
Total Avenue Convertible Note
 
 
–
 
 
5
 
 
–
 
 
8
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Caelum Convertible Note
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest
 
 
195
 
 
–
 
 
391
 
 
–
 
Total Caelum Convertible Note
 
 
195
 
 
–
 
 
391
 
 
–
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Falk CSR
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest
 
 
(66)
 
 
–
 
 
(64)
 
 
–
 
Total Falk CSR
 
 
(66)
 
 
–
 
 
(64)
 
 
–
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
D&O Insurance
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest
 
 
–
 
 
2
 
 
–
 
 
3
 
Total D&O Insurance
 
 
–
 
 
2
 
 
–
 
 
3
 
Total Interest Expense and Financing Fee
 
$
2,144
 
$
1,380
 
$
4,227
 
$
2,078