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  
Summary of outstanding senior notes payable

 

 

December 31,

2020

 

 

December 31,

2019

 

Notes payable

 

$ 100,000,000

 

 

$ 72,500,000

 

Less: 

 

 

 

 

 

 

 

 

Debt discount

 

 

(7,031,134 )

 

 

(4,208,837 )

Senior notes payable

 

$ 92,968,866

 

 

$ 68,291,163

 

Summary of the outstanding related party note payable

 

 

December 31,

2020

 

 

December 31,

2019

 

Subordinated note payable to Biotest

 

$ -

 

 

$ 15,000,000

 

Less:

 

 

 

 

 

 

 

 

Debt discount

 

 

-

 

 

 

(91,947 )

Subordinated note payable

 

$ -

 

 

$ 14,908,053