Annual report pursuant to Section 13 and 15(d)

Related Party (Tables)

v3.20.1
Related Party (Tables)
12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Schedule of Notes Issued to Related Party

The following is a summary of the balance of related party notes as of December 31, 2018 and 2017:

 

    December 31  
    2018     2017  
Former CEO and board member cash advance   $ 380     $ 1,093  
Former CFO cash advance           80  
Series A notes     13,603       12,942  
Series B notes     31,564       30,633  
Series C notes           7,403  
Total notes payable, related party     45,547       52,151  
Less: discount on notes payable, related party     (2,618 )     (5,045 )
Notes payable, net of discount     42,929       47,106  
Less: current portion     (13,776 )     (8,576 )
Total non-current notes, related party   $ 29,153     $ 38,530  

Schedule of Principal Payments for Borrowings - Related Party

The required principal payments for all borrowings for each of the five years following the balance sheet date are as follows:

 

2019   $ 13,603  
2020     31,564  
2021      
2022      
2023      
Thereafter      
Total   $ 45,547