Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Long-term Debt Instruments [Table Text Block]

Long-term debt consists of the following:


	June 30, 2019		December 31, 2018
Marathon Tranche One Loan, due December 31, 2021, interest only quarterly payments, variable interest rate of 10.25% as of June 30, 2019	$	10,000,000	$	10,000,000
Marathon Tranche Two Loan, due December 31, 2021, interest only quarterly payments, variable interest rate of 10.25% as of June 30, 2019	5,854,140		—
Marathon Credit Agreement unamortized discount and issuance costs	(1,427,818)		(1,687,921)
Net Marathon Credit Agreement	14,426,322		8,312,079
Less current portion	5,854,140		—
Long-term debt	$	8,572,182	$	8,312,079

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details