Interpace Biosciences®, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Line of Credit (Details Narrative)

Line of Credit (Details Narrative) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
Line of Credit (Details Narrative) - USD ($) $ in Thousands	Nov. 30, 2018	Mar. 31, 2019
Line of credit
Silicon Valley Bank [Member]
Line of credit	$ 850	4,000
Liine of credit outstanding accounts receivable		$ 4,000
Line of credit, percentage	0.50%	5.00%
Line of credit facility, description	The proceeds of the term loan are expected to be used for laboratory capital expenditures and will be repaid monthly. The term loan draw date will be on or before June 30, 2019. The borrowing limit of the revolving line of credit is the lower of 80% of the Company’s eligible accounts receivable (as adjusted by SVB) and the aggregate amount of cash collections with respect to accounts receivable during the three prior calendar months.	The amount that may be borrowed under the Revolving Line is the lower of (i) $4.0 million or (ii) 80% of the Company’s eligible accounts receivable (as adjusted by SVB) minus any outstanding amounts under the Term Loan. Revolving Line outstanding amounts incur interest at a rate per annum equal to the Prime Rate plus 0.5%. The Company is also required to pay an unused Revolving Line facility fee monthly in arrears in an amount equal to 0.35% per annum of the average unused but available portion of the Revolving Line.
Silicon Valley Bank [Member] \| Prime Rate [Member]
Line of credit, percentage	5.00%	5.00%
Silicon Valley Bank [Member] \| Term Loan [Member]
Line of credit		$ 850
Silicon Valley Bank [Member] \| Term Loan [Member] \| June 30, 2019 [Member]
Line of credit		$ 850

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

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