Debt (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of Long-term Debt Instruments [Table Text Block]

Total outstanding debt, including capital lease obligations, are as follows (table excludes the outstanding balance of the bank line of credit because it was presented as a current liability, as discussed in Note 9 Bank Line of Credit; table also excludes obligations to stockholders, which are detailed in Note 10 Obligations to Stockholders and presented as a separate line item on the Company’s Consolidated Balance Sheets):

	June 30, 2017		December 31, 2016
1) Note Payable to the WVDO	$	92,873	$	92,873
2) Note Payable to the WVEDA (a)		143,312		143,312
3) Note Payable to the WVIJDC (b)		139,229		139,229
4) Note Payable to the WVEDA (a)		572,148		572,148
5) Note Payable to the WVIJDC (b)		581,987		581,987
6) Note Payable to the WVJITB		290,000		290,000
7) Note Payable to the WVJITB		300,000		300,000
8) Note Payable to the WVEDA (a)		168,362		168,362
9) Convertible Debenture 2^nd & 3^rd Quarters 2016		2,190,661		2,114,438
10) September 2016 10% OID Secured Promissory Note		–		480,000
11) September 2016 20% OID Note		164,063		156,250
12) June 2017 20% OID Note		1,200,000		–
13) CKR Convertible Note		308,439		–
14) Capital leases		846,318		928,530
Total		6,997,392		5,967,129
Less: current portion		(4,496,239)		(4,012,149)
Less: unamortized original issue discount		(172,222)		(22,001)
Less: unamortized debt issuance costs		(552,746)		(163,624)
Long-term portion	$	1,776,185	$	1,769,355

(a)

West Virginia Economic Development Authority

(b)

West Virginia Infrastructure and Jobs Development Council

Schedule of Maturities of Long-term Debt [Table Text Block]

Future required minimum principal repayments over the next five years are as follows (same exclusions as noted for the table above):

	Future
	required minimum
Year Ended December 31:	principal payments
2017	$	4,985,174
2018		622,198
2019		500,357
2020		495,353
2021 and thereafter		394,310
Total	$	6,997,392

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

Protea Biosciences Group, Inc. 10-Q