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Notes Payable (Tables)
12 Months Ended
Dec. 31, 2019
Notes Payable  
Schedule of notes payable

 

 

December 31, 

    

December 31, 

    

 

    

 

($ in thousands)

    

2019

    

2018

    

Interest Rate

    

Maturity

Horizon Notes (1)(2)

 

$

15,750

 

$

 —

 

9.00

%

October - 2022

Discount on notes payable

 

 

(2,321)

 

 

 —

 

 

 

 

Total notes payable

 

$

13,429

 

$

 —

 

 

 

 

Less: current portion

 

 

(1,250)

 

 

 —

 

 

 

 

Long-term notes payable

 

$

12,179

 

$

 —

 

 

 

 


(1)

Balance includes $0.75 million final payment fee

Interest rate is 9.00% plus one-month LIBOR Rate in excess of 2.5%