Subsequent Events

6 Months Ended

Jun. 30, 2016

Subsequent Events [Abstract]

Subsequent Events

Note 11 – Subsequent Events

The Company has evaluated events subsequent to June 30, 2016 for potential recognition or disclosure in its condensed consolidated financial statements.  

In July 2016, pursuant to the previously disclosed purchase and sale agreement, the Company completed the sale of its real estate inventory for $4.1 million to International Investments and Infrastructure, LLC (“III”).  In connection with the completion of the sale, the Company terminated the lease agreement with an affiliate of III.

In July 2016, the Company repaid $2.5 million of outstanding principal, plus accrued interest, on its Third Party Debt, and terminated the loan agreement with the third party.

For further information, refer to the Company’s Form 8-K filed with the SEC on July 8, 2016.      

There have been no other material subsequent events requiring recognition or disclosure in this Report.