Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.19.3
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
Long-term debt consists of the following:
June 30, 2019 December 31, 2018
Marathon Tranche One Loan, due December 31, 2021, interest only quarterly payments, variable interest rate of 10.25% as of June 30, 2019 $ 10,000,000    $ 10,000,000   
Marathon Tranche Two Loan, due December 31, 2021, interest only quarterly payments, variable interest rate of 10.25% as of June 30, 2019 5,854,140    —   
Marathon Credit Agreement unamortized discount and issuance costs (1,427,818)   (1,687,921)  
Net Marathon Credit Agreement 14,426,322    8,312,079   
Less current portion 5,854,140    —   
Long-term debt $ 8,572,182    $ 8,312,079