XML 29 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
Prior Borrowing Arrangements and Restructuring Agreement - Additional Information (Detail) - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended
Apr. 30, 2017
Oct. 01, 2014
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Borrowing Arrangements [Line Items]            
Gains (Losses) on Extinguishment of Debt, Total $ 40,802,730   $ 0 $ 0 $ 40,802,730 $ 2,434,661
Elimination of Goodwill [Member]            
Borrowing Arrangements [Line Items]            
Gains (Losses) on Extinguishment of Debt, Total $ 8,858,504       $ (8,858,504)  
Senior Debt Agreement [Member]            
Borrowing Arrangements [Line Items]            
Proceeds from Issuance of Senior Long-term Debt   $ 11,137,753        
Gross Proceeds From Senior Long Term Debt   12,199,500        
Proceeds from Issuance of Debt   $ 476,868        
Warrants To Purchase Common Stock         50,000  
Debt Instrument Restructuring Agreement, Description         (i) first, to pay for certain third party expenses incurred by the Company, the Managing Member or third party brokers in relation to the Monetization Activities, (ii) second, to pay up to $2.2 million of the Company’s outstanding principal debt to a third party from whom the Company previously purchased certain Patents, in the event any Monetization Activity is directly attributable to those certain Patents, (iii) third, if a Monetization Activity triggers a payment with respect to a retained interest owed to a party from whom the Company originally purchased the Patents, payment will be made to such prior owner, as required, (iv) fourth, to the Managing Member until the Managing Member has received (x) reimbursement of any amounts advanced by the Managing Member pursuant to the Restructuring Agreement plus 20% annual interest on such advances plus (y) $30.5 million less any amounts paid to the Managing Member for the note obligations under the Senior Debt Agreement after December 22, 2016, and (v) fifth, after all of the foregoing payment obligations are satisfied, 70% to the Managing Member and 30% to the Company.  
Fortress Notes [Member]            
Borrowing Arrangements [Line Items]            
Debt Instrument, Description of Variable Rate Basis         LIBOR plus 7% (total interest rate of approximately 8.7% while the loan was outstanding). In addition, a 3% per annum paid-in-kind (“PIK”) interest was accrued increasing the principal amount of the Senior Notes by the amount of such interest. The PIK interest was treated as principal of the Senior Notes for all purposes of interest accrual or calculation of any premium payment. In connection with the execution of the Senior Debt Agreement, the Company paid to the Senior Lender a structuring fee equal to $385,000, which was accounted for as a discount on notes payable.