| Schedule of debt and obligations |
|
|
|
Maturity
|
|
Interest
|
|
December 31,
|
|
|
|
|
Date
|
|
Rate
|
|
2016
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Senior secured term notes
|
|
29-Jul-18
|
|
LIBOR + 9.75%
|
|
$
|
15,620,759
|
|
$
|
20,513,892
|
|
|
Less: debt discount
|
|
|
|
|
|
(1,425,167
|
)
|
(2,150,263
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
Total senior-term notes, net of discount
|
|
|
|
|
|
$
|
14,195,592
|
|
$
|
18,363,629
|
|
|
|
|
Maturity
|
|
Interest
|
|
December 31,
|
|
|
|
|
Date
|
|
Rate
|
|
2016
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Convertible Note
|
|
10-Oct-18
|
|
11.00
|
%
|
$
|
500,000
|
|
$
|
500,000
|
|
|
Less: debt discount
|
|
|
|
|
|
—
|
|
(5,849
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total convertible note
|
|
|
|
|
|
$
|
500,000
|
|
$
|
494,151
|
|
|
|
|
Maturity
|
|
Late
|
|
December 31,
|
|
|
|
|
Date
|
|
Fee
|
|
2016
|
|
2015
|
|
|
iRunway trade payable
|
|
On Demand
|
|
1.5% per month
|
|
$
|
191,697
|
|
$
|
494,244
|
|
|
|
|
Maturity
|
|
Interest
|
|
December 31,
|
|
|
|
|
Date
|
|
Rate
|
|
2016
|
|
2015
|
|
|
Note payable
|
|
31-Jan-17
|
|
NA
|
|
$
|
103,000
|
|
$
|
—
|
|
|
|
|
Maturity
|
|
Interest
|
|
December 31,
|
|
|
|
|
Date
|
|
Rate
|
|
2016
|
|
2015
|
|
|
Sichenzia trade payable
|
|
On Demand
|
|
NA
|
|
$
|
—
|
|
$
|
45,000
|
|
|
|
|
Maturity
|
|
Interest
|
|
December 31,
|
|
|
|
|
Date
|
|
Rate
|
|
2016
|
|
2015
|
|
|
Medtech LLC note payable
|
|
On Demand
|
|
28.00
|
%
|
$
|
—
|
|
$
|
2,953,779
|
|
|
|
|
Maturity
|
|
Interest
|
|
December 31,
|
|
|
|
|
Date
|
|
Rate
|
|
2016
|
|
2015
|
|
|
Afco financing
|
|
On Demand
|
|
4.82
|
%
|
$
|
—
|
|
$
|
56,258
|
|
|
|
|
Maturity
|
|
Interest
|
|
December 31,
|
|
|
|
|
Date
|
|
Rate
|
|
2016
|
|
2015
|
|
|
Siemens
|
|
30-Sep-17
|
|
NA
|
|
$
|
1,672,924
|
|
$
|
—
|
|
|
|
|
Maturity
|
|
Interest
|
|
December 31,
|
|
|
|
|
Date
|
|
Rate
|
|
2016
|
|
2015
|
|
|
Dominion Harbor
|
|
15-Oct-17
|
|
NA
|
|
$
|
125,000
|
|
$
|
200,000
|
|
|
|
|
Maturity
|
|
Interest
|
|
December 31,
|
|
|
|
|
Date
|
|
Rate
|
|
2016
|
|
2015
|
|
|
Oil & Gas
|
|
On Demand
|
|
NA
|
|
$
|
944,296
|
|
$
|
—
|
|
|
|
|
Maturity
|
|
Interest
|
|
December 31,
|
|
|
|
|
Date
|
|
Rate
|
|
2016
|
|
2015
|
|
|
3dnano Liscense Fee
|
|
31-Jan-17
|
|
NA
|
|
$
|
100,000
|
|
$
|
—
|
|
|
| Schedule of notes payable |
|
|
|
2016
|
|
2015
|
|
|
Total
|
|
$
|
17,832,509
|
|
$
|
22,607,061
|
|
|
Less: current portion
|
|
|
(13,162,007
|
)
|
|
(10,383,177
|
)
|
|
|
|
|
|
|
|
|
|
|
Total, net of current portion
|
|
$
|
4,670,502
|
|
$
|
12,223,884
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of future minimum lease payments |
Minimum future lease payments under this lease at December 31, 2016, net of the rent abatement, for the next five years are as follows:
|
2017
|
|
$
|
71,288
|
|
|
2018
|
|
74,540
|
|
|
2019
|
|
77,872
|
|
|
2020
|
|
81,336
|
|
|
2021
|
|
27,504
|
|
|
|
|
|
|
|
Total
|
|
$
|
332,540
|
|
|
|
|
|
|
|
|