Annual report pursuant to Section 13 and 15(d)

Note 20 - Supplemental Disclosure for Statements of Cash Flows

v3.20.1
Note 20 - Supplemental Disclosure for Statements of Cash Flows
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Cash Flow, Supplemental Disclosures [Text Block]
2
0
.
Supplemental Disclosure for Statements of Cash Flows
 
We paid interest aggregating
$8,000
in both
2019
and
2018.
During
2019
and
2018,
we issued
8,128
and
4,734
shares of Common Stock, respectively, as matching contributions to our
401
(k) Plan which were valued at
$20,000
and
$36,000,
respectively. In
November 2019,
we prepaid
$349,000
of insurance premiums through the issuance of a note payable to FIF with an interest rate of
5.0%.
In
November 2018,
we prepaid
$393,000
of insurance premiums through the issuance of a note payable to IPFS with an interest rate of
5.1%.
As discussed in Notes
12
and
14,
in
November 2018,
the Company issued
925,000
shares of Common Stock of Navidea to Dr. Goldberg, of which approximately
817,857
million shares valued at
$3.2
million were applied as payment of the Platinum debt, including principal and accrued interest of
$2.2
million and loss on extinguishment of debt of
$1.0
million.