v3.19.3
Note 13 - Related-party Transactions
9 Months Ended
Sep. 30, 2019
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
Note
13.
 Related-Party Transactions
 
At
September 30, 2019,
the Company had
$6.4
million aggregate principal amount of outstanding convertible notes issued to a significant shareholder. ‘
Note
7
-
Term Loans and Convertible Promissory Notes’
. Interest expense associated with related party notes was
$122,000
and
$31,000
for the
three
months ended
September 30, 2019
and
2018,
respectively, and
$325,000
and
$62,000
for the
nine
months ended
September 30, 2019
and
2018,
respectively.
 
In connection with the Merger, Alliqua’s existing CEO resigned from the company and received severance pay of
$1,091,000.
 As such amounts were accrued by Alliqua prior to the Merger, this severance payment had
no
impact to our condensed consolidated statement of operations for the
three
and
nine
months ended
September 30, 2019.