Quarterly report pursuant to Section 13 or 15(d)

Term Loan (Tables)

v3.4.0.3
Term Loan (Tables)
3 Months Ended
Mar. 31, 2016
Term Loan.  
Schedule of debt

 

 

 

 

 

 

 

 

    

March 31,

    

December 31,

 

 

2016

 

2015

Term loan

 

$

4,884,356

 

$

5,688,256

Less: debt discount

 

 

(92,602)

 

 

(126,700)

Term Loan, net of debt discount

 

 

4,791,754

 

 

5,561,556

Less: current portion, net of debt discount

 

 

(3,304,004)

 

 

(3,208,074)

Long term debt, net of current portion and debt discount

 

$

1,487,750

 

$

2,353,482