| Schedule of Notes Payable |
At June 30, 2018 (unaudited) and December
31, 2017, notes payable consisted of the following:
Notes Payable – Third Parties
| |
|
June 30, 2018 |
|
|
December 31, 2017 |
|
| Loan payable under prepaid forward purchase contract |
|
$ |
5,000,000 |
|
|
$ |
5,000,000 |
|
| |
|
|
|
|
|
|
|
|
| Loan payable to TCA Global Master Fund, LP (“TCA”) in the original principal amount of $3 million at 16% interest (the “TCA Debenture”). Principal and interest payments due in various installments through December 31, 2017. |
|
|
1,359,737 |
|
|
|
1,616,218 |
|
| |
|
|
|
|
|
|
|
|
| Notes payable to CommerceNet and Jay Tenenbaum in the original principal amount of $500,000, bearing interest at 6% per annum (the “Tegal Notes”). Principal and interest payments due annually from July 12, 2015 through July 12, 2017. |
|
|
341,612 |
|
|
|
341,612 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
6,701,349 |
|
|
|
6,957,830 |
|
| Less current portion |
|
|
(6,701,349 |
) |
|
|
(6,957,830 |
) |
| Notes payable - third parties, net of current portion |
|
$ |
- |
|
|
$ |
- |
|
|
| Schedule of Notes Payable - Related Parties |
Notes Payable – Related Parties
| |
|
June 30, 2018 |
|
|
December 31, 2017 |
|
| Loan payable to Alcimede LLC, bearing interest at 6% per annum, with all principal and interest due on August 2, 2018 |
|
$ |
168,500 |
|
|
$ |
168,500 |
|
| |
|
|
|
|
|
|
|
|
| Loan payable to Christopher Diamantis |
|
|
1,550,000 |
|
|
|
960,000 |
|
| |
|
|
1,718,500 |
|
|
|
1,128,500 |
|
| Less current portion |
|
|
(1,718,500 |
) |
|
|
(1,128,500 |
) |
| Total notes payable - related parties, net of current portion |
|
$ |
0 |
|
|
$ |
0 |
|
|