5. Other short-term interest-bearing liabilities

As of 31 December 2017, the short-term liabilities consist of two loans from shareholders in the amount of CHF 6.4 million. The interest rate of the two loans has been agreed on 6 % and a term until December 2018. The convertible loan of CHF 0.5 million from shareholders was converted in May 2017 and entitled them to subscribe shares. The share capital was increased by CHF 150 000 (150 000 shares with a nominal value of CHF 1.00 each).