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Debt and Notes Payable (Details Narrative)
In Thousands, unless otherwise specified
0 Months Ended 12 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended
Mar. 01, 2012
Line Of Credit American Bank, N.A.[Member]
USD ($)
Dec. 31, 2010
Line Of Credit American Bank, N.A.[Member]
USD ($)
Dec. 31, 2014
Fixed Rate Notes Payable to American Bank, N.A. Due January 1, 2016 [Member]
USD ($)
Dec. 31, 2010
Fixed Rate Notes Payable to American Bank, N.A. Due January 1, 2016 [Member]
USD ($)
Dec. 31, 2010
Fixed Rate Notes Payable to American Bank, N.A. Due January 1, 2016 [Member]
Line Of Credit American Bank, N.A.[Member]
USD ($)
Jul. 07, 2004
Fixed Rate Notes Payable to Rabobank Due July 1, 2029 [Member]
Dec. 31, 2014
Fixed Rate Notes Payable to Rabobank Due July 1, 2029 [Member]
USD ($)
Dec. 31, 2014
Fixed Rate Notes Payable to Rabobank Due July 1, 2029 [Member]
EURO [Member]
EUR (€)
Jul. 14, 2004
Fixed Rate Notes Payable to Rabobank Due July 1, 2029 [Member]
EURO [Member]
EUR (€)
Jul. 07, 2004
Fixed Rate Notes Payable to Rabobank Due July 1, 2029 [Member]
EURO [Member]
EUR (€)
Jan. 03, 2005
Fixed Rate Notes Payable to Rabobank Due January 31, 2030 [Member]
Dec. 31, 2014
Fixed Rate Notes Payable to Rabobank Due January 31, 2030 [Member]
USD ($)
Dec. 31, 2014
Fixed Rate Notes Payable to Rabobank Due January 31, 2030 [Member]
EURO [Member]
EUR (€)
Jan. 03, 2005
Fixed Rate Notes Payable to Rabobank Due January 31, 2030 [Member]
EURO [Member]
EUR (€)
Jul. 19, 2005
Fixed Rate Notes Payable to Rabobank Due July 31, 2015 [Member]
Dec. 31, 2014
Fixed Rate Notes Payable to Rabobank Due July 31, 2015 [Member]
Dec. 31, 2014
Fixed Rate Notes Payable to Rabobank Due July 31, 2015 [Member]
EURO [Member]
EUR (€)
Jul. 19, 2005
Fixed Rate Notes Payable to Rabobank Due July 31, 2015 [Member]
EURO [Member]
EUR (€)
Jul. 05, 2011
Fixed rate Notes Payable to Rabobank [Member]
Dec. 31, 2014
Fixed rate Notes Payable to Rabobank [Member]
Dec. 31, 2014
Fixed rate Notes Payable to Rabobank [Member]
EURO [Member]
EUR (€)
Jul. 05, 2011
Fixed rate Notes Payable to Rabobank [Member]
EURO [Member]
EUR (€)
Mar. 02, 2012
Term Notes Payable to HSBC Bank Malaysia Berhad Due March 1, 2015 [Member]
USD ($)
Dec. 31, 2014
Term Notes Payable to HSBC Bank Malaysia Berhad Due March 1, 2015 [Member]
USD ($)
Dec. 31, 2014
Term Notes Payable to HSBC Bank Malaysia Berhad Due March 1, 2015 [Member]
RM [Member]
MYR
Mar. 02, 2012
Term Notes Payable to HSBC Bank Malaysia Berhad Due March 1, 2015 [Member]
RM [Member]
MYR
Oct. 25, 2013
Term Notes Payable to HSBC Bank Malaysia Berhad Due October 25, 2018 [Member]
USD ($)
Dec. 31, 2014
Term Notes Payable to HSBC Bank Malaysia Berhad Due October 25, 2018 [Member]
USD ($)
Dec. 31, 2014
Term Notes Payable to HSBC Bank Malaysia Berhad Due October 25, 2018 [Member]
RM [Member]
MYR
Oct. 25, 2013
Term Notes Payable to HSBC Bank Malaysia Berhad Due October 25, 2018 [Member]
RM [Member]
MYR
Debt Instrument [Line Items]                                                            
Long-term debt - financial institutions     $ 486us-gaap_LongTermNotesPayable
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
$ 2,000us-gaap_LongTermNotesPayable
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
    $ 286us-gaap_LongTermNotesPayable
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks1Member
€ 236us-gaap_LongTermNotesPayable
/ us-gaap_CurrencyAxis
= currency_EUR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks1Member
  € 485us-gaap_LongTermNotesPayable
/ us-gaap_CurrencyAxis
= currency_EUR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks1Member
  $ 316us-gaap_LongTermNotesPayable
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks2Member
€ 262us-gaap_LongTermNotesPayable
/ us-gaap_CurrencyAxis
= currency_EUR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks2Member
€ 470us-gaap_LongTermNotesPayable
/ us-gaap_CurrencyAxis
= currency_EUR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks2Member
       € 500us-gaap_LongTermNotesPayable
/ us-gaap_CurrencyAxis
= currency_EUR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks3Member
       € 700us-gaap_LongTermNotesPayable
/ us-gaap_CurrencyAxis
= currency_EUR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks4Member
$ 1,000us-gaap_LongTermNotesPayable
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks5Member
$ 417us-gaap_LongTermNotesPayable
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks5Member
1,458us-gaap_LongTermNotesPayable
/ us-gaap_CurrencyAxis
= currency_MYR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks5Member
3,500us-gaap_LongTermNotesPayable
/ us-gaap_CurrencyAxis
= currency_MYR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks5Member
$ 1,429us-gaap_LongTermNotesPayable
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks6Member
$ 1,215us-gaap_LongTermNotesPayable
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks6Member
4,250us-gaap_LongTermNotesPayable
/ us-gaap_CurrencyAxis
= currency_MYR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks6Member
5,000us-gaap_LongTermNotesPayable
/ us-gaap_CurrencyAxis
= currency_MYR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks6Member
Short term line of credit 2,000us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_DomesticLineOfCreditMember
1,000us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_DomesticLineOfCreditMember
    2,000us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_DomesticLineOfCreditMember
                                                 
Interest rate (in percent)       5.50%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
5.50%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_DomesticLineOfCreditMember
                          4.25%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks4Member
                     
Description of frequency of payment    

Monthly principal and interest payments

     

Monthly principal and interest payments

       

Monthly principal and interest payments

     

Monthly principal and interest payments

     

Monthly principal and interest payments

     

The loan will be paid in 35 equal monthly installments. Commencing one month after full drawdown or 18 months after initial drawdown, whichever is earlier.

     

Monthly principal payments will commence one month after the loan is fully funded or 12 months after the initial drawdown, whichever is earlier.

   
Long term debt date of first Required payment     Feb. 01, 2011       Sep. 01, 2004         Feb. 28, 2005       Aug. 31, 2005       Aug. 05, 2011                    
Long term debt periodic monthly payment     38,620us-gaap_DebtInstrumentPeriodicPayment
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
        1,616us-gaap_DebtInstrumentPeriodicPayment
/ us-gaap_CurrencyAxis
= currency_EUR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks1Member
        1,566us-gaap_DebtInstrumentPeriodicPayment
/ us-gaap_CurrencyAxis
= currency_EUR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks2Member
                    27,782us-gaap_DebtInstrumentPeriodicPayment
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks5Member
97,195us-gaap_DebtInstrumentPeriodicPayment
/ us-gaap_CurrencyAxis
= currency_MYR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks5Member
    23,820us-gaap_DebtInstrumentPeriodicPayment
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks6Member
83,333us-gaap_DebtInstrumentPeriodicPayment
/ us-gaap_CurrencyAxis
= currency_MYR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks6Member
 
Description of collateral    

Secured by certain assets of the Company which are located in the United States or which arise from the Company’s operations in the United States. Collateral under the Agreement does not include the Company’s ownership or other interests in TMM and TPT, any assets or operations of either TMM or TPT or any proceeds thereof.

     

Secured by the land and office building purchased on July 7, 2004

       

Secured by the land and building purchased by TPT on January 3, 2005

             

Secured by TPT’s assets

                   
Description of third amendment covenant    

Company entered into the third amendment (the “Third Amendment”) to the Agreement, with the Lender. Under the terms of the Third Amendment, the Company is required to maintain a ratio of cash flow to debt service of 1.0 to 1.0 for the four month period ended April 30, 2014, six month period ended June 30, 2014, nine month period ended September 30, 2014, and twelve month period ended December 31, 2014. Thereafter, the required ratio of cash flow to debt service shall be 1.25 to 1.0 measured on a rolling four quarter basis as originally detailed in the Agreement. The Company was in compliance with the ratio of cash flow to debt service for the twelve month period ended December 31, 2014.

                                                     
Description of covenant compliance    

The Agreement also includes certain additional affirmative and negative covenants, including limitations on incurring additional indebtedness, becoming a guarantor or surety, making loans or advances to other parties, except trade credit extended in the normal course of business, or changing the President or Board of Directors of the Company without the Lender’s written consent. The Company was in compliance with the affirmative and negative covenants at December 31, 2014.

                                                     
Maturity term           25 years         25 years       10 years       3 years               5 years      
Description of interest rate terms            

Interest rate is to be adjusted every five years. Under the terms of the First Mortgage, the interest was adjusted to a fixed rate of 3.85%, effective August 1, 2013, for a period of five years. Thereafter, the rate will change to Rabobank prime plus 1.75%.

       

Interest rate is to be adjusted every five years. Under the terms of the Second Mortgage, the interest was adjusted to a fixed rate of 3.3%, effective January 3, 2013, for a period of five years. Thereafter, the rate will change to Rabobank prime plus 1.75%.

     

Interest fixed at 6.1% per year for the first five years. Under the terms of the Term Loan, the interest was adjusted to a fixed rate of 4.05%, effective July 19, 2010, for a period of five years. Thereafter, the rate will change to Rabobank prime plus 1.75%.

             

The interest rate is 2.0% per annum above the HSBC’s base lending rate, which is currently 5.2% per annum and is payable monthly.

     

The interest rate is 2.0% per annum above the HSBC’s base lending rate, which is currently 5.2% per annum.

   
Long term debt first portion utilize                 325torm_DebtInstrumenFinanceFirstPortionUtilize
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= currency_EUR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks1Member
                                         
Long term debt second portion utilize                 € 160torm_DebtInstrumenFinanceSecondPortionUtilize
/ us-gaap_CurrencyAxis
= currency_EUR
/ us-gaap_LongtermDebtTypeAxis
= torm_NotesPayableToBanks1Member
                                         
Description of debt instrument purpose                    

Acquisition of a 10,000 square foot warehouse with a loading dock that is located adjacent to TPT’s existing production facility.

     

To fund the completion of its building expansion.

     

To fund TPT’s plant expansion.

     

The purpose of upgrading the operation’s SR production process.

     

The funds will be used to finance part of the cost of plant improvements to increase efficiency and production capacity.

     
Maturity date                       Jan. 31, 2030       Jul. 31, 2015       Jul. 05, 2014