Note 13 - Related-party Transactions |
9 Months Ended | 12 Months Ended |
|---|---|---|
Sep. 30, 2019 |
Dec. 31, 2018 |
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| 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 $62,000 and $325,000 for the nine months ended September 30, 2018 and 2019, 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 nine months ended September 30, 2019. |
Note 11. Related-Party Transactions In March 2018, September 2018, and December 2018, the Company issued Notes to the Company’s majority investors totaling $4.5 million as of December 31, 2018. These Notes accrue simple interest on the outstanding principal amount at the rate of 8% per annum. As of December 31, 2018, accrued interest on the Notes was $126,000 — for further details see the section above titled ‘Note 5 — Term Loans and Convertible Promissory Notes’. |