Debtor in Possession Financing

12 Months Ended

Dec. 31, 2017

Debtor in Possession Financing [Abstract]

Debtor in Possession Financing

9. Debtor in Possession Financing

In connection with the bankruptcy, the Company entered into financing in the amount of $600,000. On the effective date of the Plan, the DIP Facility was converted into the Exit Facility, a 12% Original Issue Discount Senior Secured Convertible Debenture due two years from the Effective Date of the Plan as disclosed in Note 2 and Note 8. As of December 31, 2017 the Company had no balance on the DIP Facility.