Quarterly report pursuant to Section 13 or 15(d)

6. DEBT (Tables)

v3.20.1
6. DEBT (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Summary of notes payable
    March 31, 2020   December 31, 2019
         
Notes payable   $ 85,000,000     $ 72,500,000  
Less:                
Debt discount     (3,787,910 )     (4,208,837 )
Senior notes payable   $ 81,212,090     $ 68,291,163  
Summary of subordinated note payable
    March 31, 2020   December 31, 2019
Subordinated note payable to Biotest   $ 15,000,000     $ 15,000,000  
Less:                
Debt discount     (83,163 )     (91,947 )
Subordinated note payable   $ 14,916,837     $ 14,908,053