XML 41 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
Revolving Line of Credit (Details) - USD ($)
$ in Millions
9 Months Ended
Aug. 04, 2014
Sep. 30, 2016
Revolving line of credit (Textual)    
Term of revolving line of credit The Company may borrow up to the lesser of (i) $6 million or (ii) a borrowing base equal to 80% of eligible accounts receivable (as defined in the Business Loan Agreement) plus 50% of eligible inventory (as defined in the Business Loan Agreement).  
Maximum borrowing capacity of the company $ 6  
Percentage of eligible accounts receivables as part of borrowing base 80.00%  
Percentage of eligible inventory as part of the borrowing base 50.00%  
Description of interest on the revolving line of credit 30 day LIBOR rate plus 1.65% per annum  
Minimum debt service coverage ratio to qualify for LIBOR plus 1.65 % 2.0 to 1  
Alternate interest rate condition if it doesn't satisfy the debt coverage ratio 30 day LIBOR rate plus 2.65% per annum  
Due date of outstanding principal and interest borrowed under revolving line of credit Jul. 06, 2016  
Extended due date of outstanding principal and interest borrowed under revolving line of credit Aug. 30, 2016  
Financial covenants under credit agreement A minimum debt service coverage ratio (generally, net operating profit plus depreciation, amortization and lease/rent expense divided by current maturities of long-term debt plus interest and lease/rent expense) of 1.75 to 1.00, calculated on a trailing twelve month basis, and a maximum debt to capitalization ratio (generally, funded debt divided by the sum of total net worth and funded debt) of 0.75 to 1, tested quarterly.  
Debt service coverage ratio 1.75 to 1.00  
Debt capitalization ratio 0.75 to 1  
Ownership requirement of majority shareholder to prevent default   The line of credit is subject to several events of default, including a decline in the majority shareholder's ownership below 50% of all outstanding shares.