Quarterly report pursuant to Section 13 or 15(d)

4. DEBT (Tables)

v3.7.0.1
4. DEBT (Tables) - Oxford Loan
6 Months Ended
Jun. 30, 2017
Summary of notes payable
    June 30, 2017   December 31, 2016
         
Oxford - Gross proceeds   $ 20,000,000     $ 20,000,000  
Paydown of principal balance     (2,777,778 )     —    
      17,222,222       20,000,000  
                 
Less:                
Debt discount     (1,194,847 )     (1,567,249 )
Current portion     (6,666,667 )     (6,111,111 )
                 
Senior notes payable   $ 9,360,708     $ 12,321,640  
Summary of related party notes payable
    June 30, 2017   December 31, 2016
Biotest - Gross proceeds   $ 15,000,000     $ —    
                 
Less:                
Debt discount     (172,852 )     —    
                 
Note payable - related party   $ 14,827,148     $ —