XML 38 R28.htm IDEA: XBRL DOCUMENT v3.4.0.3
Debt (Tables)
3 Months Ended
Mar. 31, 2016
Debt  
Schedule of debt

 

Debt consists of the following (in thousands):

 

 

March 31,
2016

 

 

December 31,
2015

 

Line of credit with FGI

 

$

4,109

 

 

$

3,513

 

$1.5 million, 8% shareholder note due 2018 (1)

 

1,625

 

 

1,623

 

$3.0 million, 8% subordinated convertible shareholder notes due 2018 (1)

 

2,975

 

 

2,972

 

$3.0 million, 8% shareholder note due 2018 (1)

 

2,968

 

 

2,964

 

 

 

 

 

 

 

 

 

 

11,677

 

 

11,072

 

Less current portion

 

(4,109

)

 

(3,513

)

 

 

 

 

 

 

 

 

 

$

7,568

 

 

$

7,559

 

 

 

 

 

 

 

 

 

 

(1)   The aggregate amount of unamortized debt discount was $0.1 million at March 31, 2016
and December 31, 2015. Refer to Note 2, “Liquidity and Going Concern”, regarding
recent amendments to the shareholder notes.