Annual report pursuant to Section 13 and 15(d)

Loans Payable (Tables)

v3.3.1.900
Loans Payable (Tables) - Term Loans A and B
12 Months Ended
Dec. 31, 2015
Long Term Debt  
Schedule of loans reflected on the balance sheet

                                                                                                                                                                                    

 

 

December 31,
2015

 

Gross proceeds

 

$

18,500,000

 

Debt discount

 

 

(168,501

)

Debt issuance costs

 

 

(145,601

)

​  

​  

Carrying value

 

$

18,185,898

 

​  

​  

​  

​  

 

Schedule of maturities of long term debt

                                                                                                                                                                                    

Aggregate maturities of long term debt as of December 31, 2015 are as follows:

2016

 

 

 

2017

 

 

5,692,308

 

2018

 

 

5,692,307

 

2019

 

 

5,692,308

 

2020

 

 

1,423,077

 

​  

​  

 

 

 

18,500,000

 

Debt Discount and deferred financing costs

 

 

(314,102

)

​  

​  

 

 

 

18,185,898

 

​  

​  

​  

​