Annual report pursuant to Section 13 and 15(d)

Note 24 - Supplemental Disclosure for Statements of Cash Flows

v3.8.0.1
Note 24 - Supplemental Disclosure for Statements of Cash Flows
 12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Cash Flow, Supplemental Disclosures [Text Block]
2
4
.
Supplemental Disclosure for Statements of Cash Flows
 
During
201
7,
2016
and
2015,
we paid interest aggregating
$7.4
million,
$5.5
million and
$4.6
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million, both of which were withdrawn by CRG from a bank account under their control.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
2017,
we issued
1
million Series NN warrants to UCSD with an estimated fair value of
$334,000.
During
2017,
2016,
and
2015,
we issued
105,308,
67,002
and
68,157
shares of our common stock, respectively, as matching contributions to our
401
(k) Plan which were valued at
$54,000,
$121,000
and
$117,000,
respectively. In
November 2017,
we prepaid
$396,000
of insurance premiums through the issuance of a note payable to IPFS with an interest rate of
4.0%.
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,
we recorded
$1.0
million of end-of-term fees associated with our notes payable to CRG.
 
As discussed in Note
10,
the liability for the additional
$200,000
of investments made by Platinum was reclassified to additional paid-in-capital in
January 2017.
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.
A
$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.