Secured Lines of Credit	9 Months Ended
Sep. 30, 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 carries interest (including default interest) at the Wall Street Journal prime rate plus 6%) and is secured by substantially all of the assets of Releta and MBC. The amount outstanding on this line of credit as of September 30, 2016 was approximately $391,900. Included in the Company’s balance sheet as at September 30, 2016 are account balances totaling $1,220,200 of accounts receivable and $1,408,800 of inventory collateralized to Lender under this facility. The Credit and Security Agreement expires on December 31, 2016. RBS Facility On April 26, 2005, Royal Bank of Scotland Commercial Services Limited (“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 facility carried an interest rate of 1.38% above the RBS base rate and a service charge of 0.10% of each invoice discounted. On July 20, 2016, KBEL used the proceeds from the Santander Facility provided by Santander UK plc (“Santander”), as described below, to repay the entire amount owed on the RBS invoice discounting facility. Santander Facility On July 20, 2016, KBEL entered into a Sales Finance Agreement with Santander (the “Santander Facility”) pursuant to which Santander provided KBEL with an approximately $2,306,000 (£1,750,000) maximum revolving line of credit (the “Review Limit”) with advances permitted up to 85% of KBEL’s qualified accounts receivable. This facility has a minimum maturity of twelve months, but will be automatically extended unless terminated by either party upon three months’ written notice. If the Santander Facility terminates on or before the first anniversary, KBEL must pay as breakage costs 3% of the Review Limit. The Santander Facility carries an interest rate of 2.1% above the Santander base rate and a fixed service charge of approximately $1,300 (£1,000) per month. The Santander Facility binds KBEL to certain financial covenants relating to accounts receivable including turnover ratios, maximum dilution, and ageing, while also requiring KBEL to maintain a minimum level of net tangible assets. KBEL used the proceeds from the Santander Facility to repay the entire amount owed on the RBS invoice discounting facility. The amount outstanding on this line of credit as of September 30, 2016 was approximately $668,000. Included in the Company’s balance sheet at September 30, 2016 are account balances totaling $1,831,700 of accounts receivable collateralized to the Santander Facility.

Secured Lines of Credit

9 Months Ended

Sep. 30, 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 carries interest (including default interest) at the Wall Street Journal prime rate plus 6%) and is secured by substantially all of the assets of Releta and MBC. The amount outstanding on this line of credit as of September 30, 2016 was approximately $391,900. Included in the Company’s balance sheet as at September 30, 2016 are account balances totaling $1,220,200 of accounts receivable and $1,408,800 of inventory collateralized to Lender under this facility. The Credit and Security Agreement expires on December 31, 2016.

RBS Facility

On April 26, 2005, Royal Bank of Scotland Commercial Services Limited (“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 facility carried an interest rate of 1.38% above the RBS base rate and a service charge of 0.10% of each invoice discounted. On July 20, 2016, KBEL used the proceeds from the Santander Facility provided by Santander UK plc (“Santander”), as described below, to repay the entire amount owed on the RBS invoice discounting facility.

Santander Facility

On July 20, 2016, KBEL entered into a Sales Finance Agreement with Santander (the “Santander Facility”) pursuant to which Santander provided KBEL with an approximately $2,306,000 (£1,750,000) maximum revolving line of credit (the “Review Limit”) with advances permitted up to 85% of KBEL’s qualified accounts receivable. This facility has a minimum maturity of twelve months, but will be automatically extended unless terminated by either party upon three months’ written notice. If the Santander Facility terminates on or before the first anniversary, KBEL must pay as breakage costs 3% of the Review Limit. The Santander Facility carries an interest rate of 2.1% above the Santander base rate and a fixed service charge of approximately $1,300 (£1,000) per month. The Santander Facility binds KBEL to certain financial covenants relating to accounts receivable including turnover ratios, maximum dilution, and ageing, while also requiring KBEL to maintain a minimum level of net tangible assets. KBEL used the proceeds from the Santander Facility to repay the entire amount owed on the RBS invoice discounting facility. The amount outstanding on this line of credit as of September 30, 2016 was approximately $668,000. Included in the Company’s balance sheet at September 30, 2016 are account balances totaling $1,831,700 of accounts receivable collateralized to the Santander Facility.