| Summary of Financial Obligations |
|
The following table summarizes Pieris AG’s financial
obligations for the next five years and thereafter as of
December 31, 2013:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2014 |
|
|
2015 |
|
|
2016 |
|
|
2017 |
|
|
2018 |
|
|
Thereafter |
|
|
Total |
|
|
Convertible stockholder loan, including accrued interest
|
|
$ |
— |
|
|
$ |
3,089,502 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
3,089,502 |
|
|
Bank loan, including accrued interest
|
|
$ |
206,490 |
|
|
$ |
688,300 |
|
|
$ |
757,130 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,651,920 |
|
|
| Related-Party Interest Expense on Loans |
Pieris AG recorded related-party interest expense concerning the
Convertible Bridge Loans in the amounts set forth in the table
below:
|
|
|
|
|
|
|
|
|
| |
|
Nine months ended September 30, |
|
| |
|
2014 |
|
|
2013 |
|
|
Orbimed Private Investments III, LP
|
|
$ |
63,955 |
|
|
$ |
58,351 |
|
|
The Global Life Science Ventures Fund
|
|
|
57,709 |
|
|
|
51,778 |
|
|
Gilde Europe Food & Agribusiness Fund B.V.
|
|
|
54,158 |
|
|
|
49,921 |
|
|
Coöperative AAC LS U.A. (Forbion B.V.)
|
|
|
28,288 |
|
|
|
25,994 |
|
|
|
|
|
|
|
|
|
|
|
Sum of related party interest expense concerning the Convertible
Bridge Loans
|
|
$ |
204,110 |
|
|
$ |
186,044 |
|
|
|
|
|
|
|
|
|
|
|
Pieris AG recorded related-party interest expense concerning the
Bridge Loan in the amounts set forth in the table below:
|
|
|
|
|
|
|
|
|
| |
|
Years ended December 31, |
|
| |
|
2013 |
|
|
2012 |
|
|
Orbimed Private Investments III, LP
|
|
$ |
78,411 |
|
|
$ |
4,430 |
|
|
The Global Life Science Ventures Fund
|
|
|
70,131 |
|
|
|
1,297 |
|
|
Gilde Europe Food & Agribusiness Fund B.V.
|
|
|
67,083 |
|
|
|
4,331 |
|
|
Coöperative AAC LS U.A. (Forbion B.V.)
|
|
|
34,930 |
|
|
|
1,879 |
|
|
|
|
|
|
|
|
|
|
|
Sum of related-party interest expense related to the Convertible
Bridge Loan
|
|
$ |
250,555 |
|
|
$ |
11,937 |
|
|
|
|
|
|
|
|
|
|
|