XML 56 R44.htm IDEA: XBRL DOCUMENT v3.7.0.1
Notes Payable and Convertible Notes (Details) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Notes Payable and Convertible Notes [Abstract]    
Goldman Sachs - Tranche A Term Loan - LIBOR Interest on loan date plus 8%, 9% at March 31, 2017 $ 65,500,000 $ 40,000,000
Goldman Sachs Revolver- LIBOR Interest on loan date plus 8%, 9.338% at March 31, 2017 4,864,212 3,195,000
Goldman Sachs Tranche B Term Loan - Interest 11% annually 8,600,000
Convertible Notes Payable 1,250,000
Mortgage note payable to a bank, secured by real estate and guarantee of Company, bearing interest at 4.6%, due in monthly installments of $9,934, maturing May 2020 1,295,427  
Notes payable, secured by equipment, bearing interest at 0%, due in monthly installments of approximately $8,000 through October 2016, then approximately $4,600 monthly thereafter until March 2019 109,294  
Equipment loans 203,447 282,791
Notes payable to seller of Meridian, subordinated debt 1,475,000 1,475,000
Less: debt issuance cost/fees (2,166,789) (1,195,797)
Less: debt discount (1,719,365) (1,810,881)
Total debt 78,161,226 43,196,113
Less: current portion (250,752) (1,385,380)
Long term debt less current portion $ 77,910,474 $ 41,810,733