XML 43 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
DEBT AND LINE OF CREDIT (Details) - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Debt Instrument [Line Items]    
Long-term Debt, Gross $ 1,977,000 $ 2,147,000
Less debt discount (Cherokee Financial, LLC Loan) (180,000) (97,000)
Total debt 1,797,000 2,050,000
Current portion 852,000 1,837,000
Long-term portion 945,000 213,000
Cherokee Financial LLC [Member]    
Debt Instrument [Line Items]    
Long-term Debt, Gross [1] 1,200,000 0
Crestmark Line of Credit [Member]    
Debt Instrument [Line Items]    
Long-term Debt, Gross [2] 777,000 0
Mortgage Payable To First Niagara [Member]    
Debt Instrument [Line Items]    
Long-term Debt, Gross [1] 0 348,000
Debenture financing [Member]    
Debt Instrument [Line Items]    
Long-term Debt, Gross [1] 0 523,000
Bridge Loan with Cantone Asset Management, LLC [Member]    
Debt Instrument [Line Items]    
Long-term Debt, Gross [1] 0 200,000
Imperium Line Of Credit [Member]    
Debt Instrument [Line Items]    
Long-term Debt, Gross [2] $ 0 $ 1,076,000
[1] On March 26, 2015, the Company entered into a Loan and Security Agreement (“LSA”) with Cherokee Financial, LLC (the “Cherokee LSA”). The purpose of the Cherokee LSA was to refinance the Series A Debentures and Cantone Asset Management LLC Bridge Loan (both of which matured on February 1, 2015) and the Mortgage Consolidation Loan with First Niagara Bank at a better interest rate.
[2] On June 29, 2015, the Company entered into a Loan and Security Agreement with Crestmark Bank. The purpose of the Crestmark LSA was to refinance the Company’s line of credit with Imperium at a better interest rate.