Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

v2.4.0.6
Notes Payable (Tables)
3 Months Ended
Mar. 31, 2013
Notes Payable [Abstract]  
Notes Payable
                 
    March 31,
2013
(unaudited)
    December 31,
2012
 

Revenue Interest Purchase Agreement with PDL BioPharma, Inc. (“PDL”) for aggregate of $20,800,000 with amounts payable monthly at a high single digit percentage based on the Net Revenues through September 2014; and the greater of (i) high single digit percentage of product revenue or (ii) specific quarterly amounts varying from approximately $1.3 million to $2.5 million per quarter through September 2020.

  $ 22,438,404     $ 21,580,252  
   

 

 

   

 

 

 

Long-term Notes Payable

  $ 22,438,404     $ 21,580,252