Quarterly report pursuant to Section 13 or 15(d)

6. DEBT (Tables)

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6. DEBT (Tables) - Oxford Loan
 6 Months Ended
Jun. 30, 2019
Summary of notes payable
    June 30, 2019   December 31, 2018
         
Notes payable:   $ 72,500,000     $ 30,000,000  
Less:                
Debt discount     (5,031,363 )     (3,559,170 )
Senior notes payable   $ 67,468,637     $ 26,440,830  
Summary of related party notes payable
    June 30, 2019   December 31, 2018
Subordinated note payable to Biotest   $ 15,000,000     $ 15,000,000  
Less:                
Debt discount     (109,289 )     (125,816 )
Subordinated note payable   $ 14,890,711     $ 14,874,184