Credit Facilities and Line of Credit	3 Months Ended
Mar. 31, 2016
Credit Facilities And Line Of Credit
Credit Facilities and Line of Credit	NOTE 10 – CREDIT FACILITIES AND LINE OF CREDIT The Company maintains operating lines of credit, factoring and revolving credit facilities with banks and finance companies to provide working capital for the business. These financing relationships are all classified as current liabilities in the financial statements. On December 31, 2014, the Company entered into a 3 year, $8 million revolving line of credit agreement with Wells Fargo Bank (“WFB”) which provides for borrowings based on eligible trade accounts receivable, as defined in the WFB loan agreement dated December 31, 2014. The line was secured by trade accounts receivable and a first priority lien on substantially all of the assets of the Company. All other debt of the Company was subordinated to the WFB bank line of credit. In November 2015, the WFB line of credit was paid off. The Company continues to maintain a purchasing card relationship with WFB with a limit of approximately $300,000, of which $14,578 was outstanding as of March 31, 2016 and included in trade accounts payable. In November 2015, the Company entered into a Sale of Accounts and Security Agreement with Faunus Group International (“FGI”) for the USA with a maximum credit limit of $15,000,000. The line is secured by trade accounts receivable and a first priority lien on substantially all of the assets of the Company. The agreement contains certain pricing and fee structures for collateral management, minimum usage, early termination and facility fees. The interest rate at March 31, 2016 was 8.75% which included penalty interest of 3%. The balance outstanding at March 31, 2016 owed to FGI under this credit facility was $ 3,838,331. On April 25, 2016, the maximum amount of credit under the facility was reduced to $7,500,000 by written amendment between FGI and the Company. The amendment also modified the agreement (i) to reduce the minimum monthly net funds employed during each contract year from no less than $4,000,000 to no less than $2,500,000 and (ii) to increase the non-refundable monthly collateral management fee from 0.37% to 0.40%. As of March 31, 2016 and December 31, 2015, the Company was not in compliance with the minimum current ratio requirement of .7 to 1.0 and certain other non-financial covenants and the Company received a default notice from FGI in March 2016. FGI has increased the default interest rate 3% and has not enforced any other default remedy actions and is currently working with the Company to resolve the default. Concurrent with the acquisition of ViascanQdata, the Company assumed the existing factoring agreement with FGI with a maximum credit limit of $4,800,000 CDN. The line is secured by trade accounts receivable and a first priority lien on substantially all of the assets of the Company. The balance outstanding and owed to FGI under this agreement at March 31, 2016 was $1,336,416 CDN or $1,029,040 USD. The agreement contains certain pricing and fee structures for collateral management, minimum usage, early termination and facility fees. The interest rate at March 31, 2016 was 8.25% which included penalty interest of 3%, the maximum amount of credit under the facility was reduced to $2,500,000 CDN by written amendment between FGI and the Company. As of March 31, 2016 and December 31, 2015, the Company was not in compliance with the certain other non-financial covenants and the Company received a default notice from FGI in March 2016. FGI has increased the default interest rate 3% and has not enforced any other default remedy actions and is currently working with the Company to resolve the default. Deposit in transit to FGI at March 31, 2016 were $317,797.

Credit Facilities and Line of Credit

3 Months Ended

Mar. 31, 2016

Credit Facilities And Line Of Credit

NOTE 10 – CREDIT FACILITIES AND LINE OF CREDIT

The Company maintains operating lines of credit, factoring and revolving credit facilities with banks and finance companies to provide working capital for the business. These financing relationships are all classified as current liabilities in the financial statements.

On December 31, 2014, the Company entered into a 3 year, $8 million revolving line of credit agreement with Wells Fargo Bank (“WFB”) which provides for borrowings based on eligible trade accounts receivable, as defined in the WFB loan agreement dated December 31, 2014. The line was secured by trade accounts receivable and a first priority lien on substantially all of the assets of the Company. All other debt of the Company was subordinated to the WFB bank line of credit. In November 2015, the WFB line of credit was paid off. The Company continues to maintain a purchasing card relationship with WFB with a limit of approximately $300,000, of which $14,578 was outstanding as of March 31, 2016 and included in trade accounts payable.

In November 2015, the Company entered into a Sale of Accounts and Security Agreement with Faunus Group International (“FGI”) for the USA with a maximum credit limit of $15,000,000. The line is secured by trade accounts receivable and a first priority lien on substantially all of the assets of the Company. The agreement contains certain pricing and fee structures for collateral management, minimum usage, early termination and facility fees. The interest rate at March 31, 2016 was 8.75% which included penalty interest of 3%. The balance outstanding at March 31, 2016 owed to FGI under this credit facility was $ 3,838,331. On April 25, 2016, the maximum amount of credit under the facility was reduced to $7,500,000 by written amendment between FGI and the Company. The amendment also modified the agreement (i) to reduce the minimum monthly net funds employed during each contract year from no less than $4,000,000 to no less than $2,500,000 and (ii) to increase the non-refundable monthly collateral management fee from 0.37% to 0.40%.

As of March 31, 2016 and December 31, 2015, the Company was not in compliance with the minimum current ratio requirement of .7 to 1.0 and certain other non-financial covenants and the Company received a default notice from FGI in March 2016. FGI has increased the default interest rate 3% and has not enforced any other default remedy actions and is currently working with the Company to resolve the default.

Concurrent with the acquisition of ViascanQdata, the Company assumed the existing factoring agreement with FGI with a maximum credit limit of $4,800,000 CDN. The line is secured by trade accounts receivable and a first priority lien on substantially all of the assets of the Company. The balance outstanding and owed to FGI under this agreement at March 31, 2016 was $1,336,416 CDN or $1,029,040 USD. The agreement contains certain pricing and fee structures for collateral management, minimum usage, early termination and facility fees. The interest rate at March 31, 2016 was 8.25% which included penalty interest of 3%, the maximum amount of credit under the facility was reduced to $2,500,000 CDN by written amendment between FGI and the Company.

As of March 31, 2016 and December 31, 2015, the Company was not in compliance with the certain other non-financial covenants and the Company received a default notice from FGI in March 2016. FGI has increased the default interest rate 3% and has not enforced any other default remedy actions and is currently working with the Company to resolve the default. Deposit in transit to FGI at March 31, 2016 were $317,797.