Quarterly report pursuant to Section 13 or 15(d)

4. DEBT (Tables)

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4. DEBT (Tables) - Oxford Loan
 9 Months Ended
Sep. 30, 2018
Summary of notes payable
    September 30, 2018   December 31, 2017
         
Notes payable:    $               30,000,000    $                   30,000,000
Less:          
Debt discount                     (3,846,457)                         (4,631,542)
Senior notes payable    $               26,153,543    $                   25,368,458
Summary of cash and cash equivalents
    September 30, 2018   December 31, 2017
Cash and cash equivalents    $               42,367,489    $                   43,107,574
Restricted cash included in current assets                                    -                              1,500,000
Restricted cash included in long-term assets                       4,000,000                           4,000,000
Total cash, cash equivalents and restricted cash as shown in the consolidated statements of cash flows    $               46,367,489    $                   48,607,574
Summary of related party notes payable
    September 30, 2018   December 31, 2017
Biotest - Gross proceeds    $               15,000,000    $                   15,000,000
Less:         
Debt discount                        (134,019)                            (157,604)
Note payable - related party    $               14,865,981    $                   14,842,396