Quarterly report pursuant to Section 13 or 15(d)

Note Payable

v3.5.0.2
Note Payable
6 Months Ended
Jun. 30, 2016
Note Payable [Abstract]  
Note Payable

Note 5 - Note Payable

 

On December 28, 2015, the Company entered into a premium finance agreement for its director and officer liability insurance policy in the amount of $0.3 million. Pursuant to the agreement, the Company is required to pay $30,077 in monthly installments for nine months.

 

As of June 30, 2016 and December 31, 2015, the outstanding balance related to the premium finance agreement was $0.1 million and $0.3 million, respectively.