Current report filing

Note 23 - Supplemental Disclosure for Statements of Cash Flows

Note 23 - Supplemental Disclosure for Statements of Cash Flows

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Cash Flow, Supplemental Disclosures [Text Block]

Supplemental Disclosure for Statements of Cash Flows

During

201

2015

and

2014,

we paid interest aggregating

$5.5

million,

$4.6

million and

$2.9

million, respectively. Interest paid during

2016

included collection fees of

$778,000

and a prepayment premium of

$2.1

million, both of which were withdrawn by CRG from a bank account under their control. During

2016,

2015,

and

2014,

we issued

67,002,

68,157

and

36,455

shares of our common stock, respectively, as matching contributions to our

401

(k) Plan which were valued at

$121,000,

$117,000

and

$100,000,

respectively. In

December 2016,

we prepaid

$348,000

of insurance premiums through the issuance of a note payable to IPFS with an interest rate of

8.99%.

During

2015

and

2014,

we recorded

$1.0

million and

$2.4

million, respectively, of end-of-term fees associated with our notes payable to CRG and Oxford.

In connection with their initial investment in

March 2015,

the investors in MT were issued warrants that have been determined to be derivative liabilities with an estimated fair value of

$63,000.

$46,000

deemed dividend related to the beneficial conversion feature within the MT Preferred Stock was also recorded at the time of the initial investment in MT.

See Note

10.

During

2014,

in connection with the Oxford Loan Agreement, we issued warrants with an estimated relative fair value of

$465,000.

Also during

2014,

in connection with entering into the R-NAV joint enterprise, Navidea executed a promissory note in the principal amount of

$666,666,

payable in

two

equal installments on

July 15, 2015

and

July 15, 2016,

the

first

and

second

anniversaries of the R-NAV transaction. See Note

11.