In we entered into an agreement with Platinum-Montaur to provide us with a credit facility of up to million. In connection with the closing of the Asset Sale to Cardinal Health the Company repaid to Platinum Partners Capital Opportunity Fund L.P. (“PPCO”) an aggregate of approximately million in partial satisfaction of the Company’s liabilities, obligations and indebtedness under the Platinum Loan Agreement between the Company and Platinum-Montaur, which were transferred by Platinum-Montaur to PPCO. See Note

 

During the -month periods ended and and of interest was compounded and added to the balance of the Platinum Note, respectively. Of the interest compounded during the months ended of interest expense was reclassified to discontinued operations. As of the remaining outstanding principal balance of the Platinum Note was approximately million.

 

The Platinum Note is reflected on the consolidated balance sheets at its estimated fair value, which includes the estimated fair value of the embedded conversion option of at and Changes in the estimated fair value of the Platinum Note were during both of the -month periods ended and Changes in the estimated fair value of the Platinum Note were and a decrease of respectively, and were recorded as non-cash changes in fair value of the conversion option during the -month periods ended and The estimated fair value of the Platinum Note was million and million as of and respectively.

 

 

In Navidea and MT, as guarantor, executed a Term Loan Agreement (the “CRG Loan Agreement”) with CRG in its capacity as a lender and as control agent for other affiliated lenders party to the CRG Loan Agreement (collectively, the “Lenders”) in which the Lenders agreed to make a term loan to the Company in the aggregate principal amount of million (the “CRG Term Loan”). On the Company entered into a Global Settlement Agreement with MT, CRG, and Cardinal Health In accordance with the Global Settlement Agreement, on the Company repaid million of its alleged indebtedness and other obligations outstanding under the CRG Term Loan.

 

As disclosed in the Company’s Annual Report on Form -K and other filings, the Company has been engaged in ongoing litigation with CRG in the District Court of Harris County, Texas (the “Texas Court”). Following a trial in the Texas Court ruled that the Company’s total obligation to CRG was in excess of million, limited to million under the Global Settlement Agreement. The Texas Court acknowledged only the million payment made in concluding that the Company owed CRG another million, however the Texas Court did expressly take the Company’s payment of million into account and awarded, as part of the million, amounts that had already been paid as part of the million. In CRG drew approximately million on a letter of credit that was established pursuant to the Global Settlement Agreement. This was in addition to the million and the million that Navidea had previously paid to CRG. The Company believes that the  million should be credited against the million and is currently pursuing recovery of million and other damages. See Note

 

 

In we prepaid of insurance premiums through the issuance of a note payable to IPFS Corporation (“IPFS”) with an interest rate of The note was payable in monthly installments of with the final payment made in

 

In we prepaid of insurance premiums through the issuance of a note payable to IPFS with an interest rate of The note was payable in monthly installments of with the final payment made in The balance of the note was approximately and as of and respectively, and was included in notes payable, current in the consolidated balance sheets.

 

 

During the -month periods ended and we recorded interest expense of and respectively, related to our notes payable. Of these amounts, and was compounded and added to the balance of our notes payable during the -month periods ended and respectively. During the -month periods ended and we recorded interest expense of and respectively, related to our notes payable. Of these amounts, and was compounded and added to the balance of our notes payable during the -month periods ended and respectively.