Secured Lines of Credit	3 Months Ended
Mar. 31, 2016
Line of Credit Facility [Abstract]
Secured Lines of Credit	4. Secured Lines of Credit MB Financial Credit and Security Agreement The borrowings under the Credit and Security Agreement are collateralized, with recourse, by MBC’s and Releta’s trade receivables and inventory located in the US. This facility currently carries interest (including default interest) at a rate of prime plus 3% and is secured by substantially all of the assets of Releta and MBC. The amount outstanding on this line of credit as of March 31, 2016 was approximately $120,700. Included in the Company’s balance sheet as at March 31, 2016 are account balances totaling $1,117,100 of accounts receivable and $1,375,000 of inventory collateralized to Lender under this facility. The Credit and Security Agreement expires on June 23, 2016. RBS Facility On April 26, 2005, RBS provided an approximately $2.8 million (£1,750,000) invoice discounting facility to KBEL based on 80% prepayment against qualified accounts receivable related to KBEL’s UK customers. The initial term of the facility was one year, after which time the facility could be terminated by either party upon six months’ notice. The facility carries an interest rate of 1.38% above the RBS base rate and a service charge of 0.10% of each invoice discounted. The amount outstanding on this line of credit as of March 31, 2016 was approximately $964,100. Included in the Company’s balance sheet at March 31, 2016 are account balances totaling $2,174,200 of accounts receivable collateralized to RBS under this facility. On November 24, 2015, KBEL received a notice from RBS regarding its intention to terminate the credit line and all other banking services it currently provides to KBEL on February 26, 2016. RBS subsequently extended the termination date to June 15, 2016, with any remaining amounts due 15 days later. The Company engaged in discussions with a bank which provided an indicative offer to provide alternate financing and banking services to KBEL. If KBEL does not finalize such alternate financing and provision of banking services, and if KBEL is unable to find alternate financing and banking services before termination of the RBS facilities, it would have a material adverse effect on KBEL and the Company.

Secured Lines of Credit

3 Months Ended

Mar. 31, 2016

4. Secured Lines of Credit

MB Financial Credit and Security Agreement

The borrowings under the Credit and Security Agreement are collateralized, with recourse, by MBC’s and Releta’s trade receivables and inventory located in the US. This facility currently carries interest (including default interest) at a rate of prime plus 3% and is secured by substantially all of the assets of Releta and MBC. The amount outstanding on this line of credit as of March 31, 2016 was approximately $120,700. Included in the Company’s balance sheet as at March 31, 2016 are account balances totaling $1,117,100 of accounts receivable and $1,375,000 of inventory collateralized to Lender under this facility. The Credit and Security Agreement expires on June 23, 2016.

RBS Facility

On April 26, 2005, RBS provided an approximately $2.8 million (£1,750,000) invoice discounting facility to KBEL based on 80% prepayment against qualified accounts receivable related to KBEL’s UK customers. The initial term of the facility was one year, after which time the facility could be terminated by either party upon six months’ notice. The facility carries an interest rate of 1.38% above the RBS base rate and a service charge of 0.10% of each invoice discounted. The amount outstanding on this line of credit as of March 31, 2016 was approximately $964,100. Included in the Company’s balance sheet at March 31, 2016 are account balances totaling $2,174,200 of accounts receivable collateralized to RBS under this facility.

On November 24, 2015, KBEL received a notice from RBS regarding its intention to terminate the credit line and all other banking services it currently provides to KBEL on February 26, 2016. RBS subsequently extended the termination date to June 15, 2016, with any remaining amounts due 15 days later. The Company engaged in discussions with a bank which provided an indicative offer to provide alternate financing and banking services to KBEL. If KBEL does not finalize such alternate financing and provision of banking services, and if KBEL is unable to find alternate financing and banking services before termination of the RBS facilities, it would have a material adverse effect on KBEL and the Company.