Notes Payable (Narrative) (Details)
|
|
1 Months Ended |
6 Months Ended |
12 Months Ended |
|
Jun. 25, 2013
USD ($)
$ / shares
shares
|
Jul. 31, 2015
USD ($)
|
May. 31, 2015
USD ($)
|
Jul. 31, 2014
USD ($)
|
Mar. 31, 2014
USD ($)
$ / shares
shares
|
Jun. 30, 2013
Installment
shares
|
Jul. 31, 2012
USD ($)
|
Jun. 24, 2013
USD ($)
|
Dec. 31, 2015
USD ($)
d
$ / shares
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2013
USD ($)
|
Dec. 31, 2012
USD ($)
|
Dec. 31, 2011
USD ($)
$ / shares
shares
|
May. 15, 2015
USD ($)
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss on extinguishment of debt |
|
|
|
|
|
|
|
|
$ 2,440,714
|
$ 2,610,196
|
$ 1,372,266
|
|
|
|
Shares conversion, number of common stock equivalent to each preferred stock | shares |
|
|
|
|
|
3,270
|
|
|
|
|
|
|
|
|
Repayments of notes payable |
|
$ 333,333
|
|
$ 666,666
|
|
|
|
|
30,333,333
|
25,000,000
|
5,982,155
|
|
|
|
Change in fair value of financial instruments |
|
|
|
|
|
|
|
|
(614,782)
|
(1,342,389)
|
(112,073)
|
|
|
|
Compounded interest on notes payable |
|
|
|
|
|
|
|
|
2,048,960
|
|
|
|
|
|
Notes payable |
|
|
|
|
|
|
|
|
$ 61,100,000
|
33,800,000
|
|
|
|
|
Exercise price of warrant issued, dollars per share | $ / shares |
|
|
|
|
|
|
|
|
$ 0.38
|
|
|
|
|
|
Notes payable, current |
|
|
|
|
|
|
|
|
$ 333,333
|
4,348,678
|
|
|
|
|
Interest expense |
|
|
|
|
|
|
|
|
6,900,000
|
3,700,000
|
2,800,000
|
|
|
|
Interest expense recorded related to amortization |
|
|
|
|
|
|
|
|
493,000
|
844,000
|
765,000
|
|
|
|
Principal maturities in 2016 |
|
|
|
|
|
|
|
|
333,000
|
|
|
|
|
|
Principal maturities in 2017 |
|
|
|
|
|
|
|
|
0
|
|
|
|
|
|
Principal maturities in 2018 |
|
|
|
|
|
|
|
|
0
|
|
|
|
|
|
Principal maturities in 2019 |
|
|
|
|
|
|
|
|
21,900,000
|
|
|
|
|
|
Principal maturities in 2020 |
|
|
|
|
|
|
|
|
29,200,000
|
|
|
|
|
|
Principal maturities in 2021 |
|
|
|
|
|
|
|
|
26,500,000
|
|
|
|
|
|
R-NAV [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments of notes payable |
|
$ 333,333
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes payable, current |
|
|
|
|
|
|
|
|
$ 333,333
|
|
|
|
|
|
Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrant issued, dollars per share | $ / shares |
|
|
|
|
|
|
|
|
$ 0.01
|
|
|
|
|
|
Federal Funds Rate [Member] | R-NAV [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, interest rate |
|
|
|
0.31%
|
|
|
|
|
|
|
|
|
|
|
Series B Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Conversion of Series B preferred stock to common stock, shares | shares |
|
|
|
|
|
2,364.9
|
|
|
|
|
|
|
|
|
Series KK warrants [Member} |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrant issued, dollars per share | $ / shares |
|
|
|
|
|
|
|
|
1.918
|
|
|
|
|
|
Series HH Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares underlying warrant issued | shares |
|
|
|
|
|
301,205
|
|
|
|
|
|
|
|
|
Exercise price of warrant issued, dollars per share | $ / shares |
|
|
|
|
|
|
|
|
2.49
|
|
|
|
|
|
Series GG Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrant issued, dollars per share | $ / shares |
|
|
|
|
|
|
|
|
$ 2.10
|
|
|
|
|
|
Platinum-Montaur Life Sciences LLC [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maximum borrowing capacity, amount |
|
|
|
|
|
|
$ 50,000,000
|
|
$ 50,000,000
|
|
|
|
|
|
Current borrowing capacity |
|
|
|
|
|
|
35,000,000
|
|
|
35,000,000
|
|
|
|
|
Amount potentially available on terms to be negotiated |
|
|
|
|
|
|
$ 15,000,000
|
|
|
|
|
|
|
|
Proceeds from lines of credit |
$ 8,000,000
|
|
|
|
|
|
|
|
$ 4,500,000
|
0
|
$ 4,000,000
|
|
|
|
Debt Instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
|
6.75%
|
|
|
|
Interest rate stated percentage rate range minimum |
|
|
|
|
10.00%
|
|
|
|
|
|
10.00%
|
|
|
|
Interest rate in addition to amended agreement |
|
|
|
|
|
|
|
|
|
|
0.125%
|
|
|
|
Percentage of VWAP for conversion calculation |
|
|
|
|
|
|
|
|
|
|
90.00%
|
|
|
|
Period of preceding date of conversion request |
|
|
|
|
|
|
|
|
|
|
10 days
|
|
|
|
Minimum revenue from sales and licensing for mandatory repayment due |
|
|
|
|
|
|
|
|
|
|
$ 2,000,000
|
|
|
|
Loss on extinguishment of debt |
|
|
|
|
|
|
|
|
|
|
943,000
|
|
|
|
Number of common shares underlying Series B Preferred Stock | shares |
|
|
|
|
|
7,733,223
|
|
|
|
|
|
|
|
|
Repayments of notes payable |
|
|
|
|
|
|
|
|
|
|
4,800,000
|
|
|
|
Debt instrument, effective interest rate |
|
|
|
|
|
|
|
|
14.125%
|
|
|
|
|
|
Convertible threshold trading days | d |
|
|
|
|
|
|
|
|
10
|
|
|
|
|
|
Share price trigger | $ / shares |
|
|
|
|
|
|
|
|
$ 2.53
|
|
|
|
|
|
Change in fair value of financial instruments |
|
|
|
|
|
|
|
|
$ (615,000)
|
$ (1,300,000)
|
$ (106,000)
|
|
|
|
Platinum notes payable |
|
|
|
|
|
|
|
|
11,500,000
|
|
|
|
|
|
Compounded interest on notes payable |
|
|
|
|
|
|
|
|
761,000
|
|
|
|
|
|
Notes payable |
|
|
|
|
|
|
|
|
8,500,000
|
|
|
|
|
|
Portion of outstanding balance resulting from draws |
|
|
|
|
|
|
|
|
7,700,000
|
|
|
|
|
|
Remaining borrowing capacity |
|
|
|
|
|
|
|
|
$ 27,300,000
|
|
|
|
|
|
Platinum-Montaur Life Sciences LLC [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, interest rate |
|
|
|
|
|
|
|
|
10.00%
|
|
|
|
|
|
Platinum-Montaur Life Sciences LLC [Member] | Base Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, basis spread on variable rate |
|
|
|
|
6.75%
|
|
|
|
|
|
|
|
|
|
Platinum-Montaur Life Sciences LLC [Member] | Oxford Finance, LLC [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, basis spread on variable rate |
|
|
|
|
0.125%
|
|
|
|
|
|
|
|
|
|
Platinum-Montaur Life Sciences LLC [Member] | Prime Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
6.75%
|
|
|
|
|
|
Platinum-Montaur Life Sciences LLC [Member] | Interest Rate Pursuant to CRG Term Loan [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, basis spread on variable rate |
|
|
|
|
|
|
|
|
0.125%
|
|
|
|
|
|
Capital Royalty Partners II LP [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, interest rate |
|
|
14.00%
|
|
|
|
|
|
|
|
|
|
|
|
Compounded interest on notes payable |
|
|
|
|
|
|
|
|
$ 1,300,000
|
|
|
|
|
|
Notes payable |
|
|
|
|
|
|
|
|
$ 51,300,000
|
|
|
|
|
|
Debt instrument face amount |
|
|
$ 50,000,000
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, unused borrowing capacity |
|
|
$ 10,000,000
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, interest rate, paid in cash |
|
|
10.00%
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Interest rate, paid-in-kind |
|
|
4.00%
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, frequency of payment |
|
|
|
|
|
|
|
|
eight equal quarterly installments
|
|
|
|
|
|
Payment terms |
|
|
|
|
|
|
|
|
2 years
|
|
|
|
|
|
Debt instrument, maturity date |
|
|
|
|
|
|
|
|
Mar. 31, 2021
|
|
|
|
|
|
Notice period for prepayment of tem loan |
|
|
|
|
|
|
|
|
15 days
|
|
|
|
|
|
Debt Instrument, Fee Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 625,000
|
End-of-term fee amount |
|
|
|
|
|
|
|
|
$ 1,000,000
|
|
|
|
|
1,000,000
|
EBITDA, less than |
|
|
|
|
|
|
|
|
5,000,000
|
|
|
|
|
|
Minimum sales revenue target in 2015 |
|
|
|
|
|
|
|
|
11,000,000
|
|
|
|
|
|
Minimum sales revenue target in 2016 |
|
|
|
|
|
|
|
|
$ 22,500,000
|
|
|
|
|
|
Minimum sales revenue target in 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
45,000,000
|
Cure right ratio |
|
|
|
|
|
|
|
|
2.50%
|
|
|
|
|
|
Minimum net revenue |
|
|
|
|
|
|
|
|
$ 10,000,000
|
|
|
|
|
|
Liquidity minimum |
|
|
|
|
|
|
|
|
5,000,000
|
|
|
|
|
5,000,000
|
Unamortized discount (premium), net |
|
|
|
|
|
|
|
|
|
|
|
|
|
2,200,000
|
Notes payable, discounts |
|
|
|
|
|
|
|
|
$ 2,000,000
|
|
|
|
|
|
Capital Royalty Partners II LP [Member] | Prepayment Premium Initial [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Early payment percentage |
|
|
|
|
|
|
|
|
5.00%
|
|
|
|
|
|
Capital Royalty Partners II LP [Member] | Prepayment Premium Declining [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Early payment percentage |
|
|
|
|
|
|
|
|
1.00%
|
|
|
|
|
|
Capital Royalty Partners II LP [Member] | Prepayment Premium After Fifth Year [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Early payment percentage |
|
|
|
|
|
|
|
|
0.00%
|
|
|
|
|
|
Oxford Finance, LLC [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, interest rate |
|
|
|
|
8.50%
|
|
|
|
|
|
|
|
|
|
Debt instrument face amount |
|
|
|
|
$ 30,000,000
|
|
|
|
|
|
|
|
|
|
End-of-term fee amount |
|
|
|
|
2,400,000
|
|
|
|
|
|
|
|
|
2,400,000
|
Unamortized discount (premium), net |
|
|
|
|
3,000,000
|
|
|
|
|
|
|
|
|
|
Debt issuance costs |
|
|
|
|
$ 120,000
|
|
|
|
|
|
|
|
|
|
Repayments of long-term debt |
|
|
$ 31,700,000
|
|
|
|
|
|
|
|
|
|
|
|
Early redemption fee amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 289,000
|
Oxford Finance, LLC [Member] | Series KK warrants [Member} |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares underlying warrant issued | shares |
|
|
|
|
391,032
|
|
|
|
|
|
|
|
|
|
Exercise price of warrant issued, dollars per share | $ / shares |
|
|
|
|
$ 1.918
|
|
|
|
|
|
|
|
|
|
Warrants expiration period |
|
|
|
|
|
|
|
|
2021-03
|
|
|
|
|
|
GECC/MidCap Financial SBIC LP [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss on extinguishment of debt |
|
|
|
|
$ 2,600,000
|
|
|
|
|
|
|
|
|
|
Debt instrument, interest rate |
9.83%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument face amount |
$ 25,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, frequency of payment |
|
|
|
|
|
|
|
|
monthly
|
|
|
|
|
|
End-of-term fee amount |
1,000,000
|
|
|
|
1,000,000
|
|
|
|
|
|
|
|
|
|
Notes payable, discounts |
1,900,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt issuance costs |
$ 881,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments of long-term debt |
|
|
|
|
26,700,000
|
|
|
|
|
|
|
|
|
|
Early redemption fee amount |
|
|
|
|
$ 500,000
|
|
|
|
|
|
|
|
|
|
Debt instrument, number of periodic installments | Installment |
|
|
|
|
|
30
|
|
|
|
|
|
|
|
|
Percentage of original principal amount of loan to be paid as a fee |
4.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, carrying amount |
|
|
|
|
|
|
|
|
$ 0
|
|
|
|
|
|
GECC/MidCap Financial SBIC LP [Member] | Series HH Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares underlying warrant issued | shares |
301,205
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrant issued, dollars per share | $ / shares |
$ 2.49
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants expiration period |
|
|
|
|
|
|
|
|
2023-06
|
|
|
|
|
|
Hercules Technology II L.P. [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current borrowing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
$ 7,000,000
|
|
Loss on extinguishment of debt |
$ 429,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments of notes payable |
4,400,000
|
|
|
|
|
|
|
$ 1,300,000
|
|
|
|
$ 1,300,000
|
|
|
Notes payable, discounts |
187,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, end of term fee |
250,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt instrument, early payment penalty |
66,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unamortized debt issuance expense |
$ 176,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hercules Technology II L.P. [Member] | Series GG Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares underlying warrant issued | shares |
|
|
|
|
|
|
|
|
|
|
|
|
333,333
|
|
Exercise price of warrant issued, dollars per share | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
$ 2.10
|
|
Warrants expiration period |
|
|
|
|
|
|
|
|
|
|
|
|
2016-12
|
|