Notes Payable and Convertible Notes (Tables)

9 Months Ended

Sep. 30, 2017

Debt Instrument [Line Items]

Schedule of long-term debt

	September 30, 2017			December 31, 2016
Goldman Sachs - Tranche A Term Loan - LIBOR Interest on loan date plus 8%, 9.238% at September 30, 2017	$	59,500,000		$	40,000,000
Goldman Sachs – Revolver- LIBOR Interest on loan date plus 8%, 9.238% at September 30, 2017		3,405,018			3,195,000
Goldman Sachs – Tranche B Term Loan - Interest 11% annually		15,302,482			-
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		1,262,361			-
Notes payable, secured by equipment, bearing interest at rates from 9.25% to 9.49%, due in monthly installments of approximately $150,000 through April 2022		6,206,299			282,791
Notes payable to seller of Meridian, subordinated debt		1,475,000			1,475,000
Less: debt issuance cost/fees		(2,071,116	)		(1,195,797	)
Less: debt discount		(1,385,775	)		(1,810,881	)
Total debt		83,694,269			43,196,113
Less: current portion		(1,358,484	)		(1,385,380	)
Long term debt less current portion	$	82,335,785		$	41,810,733

Schedule of change in the market value

The change in the market value for the period ending September 30, 2017 is as follows:

Fair value of warrants @ December 31, 2016	$	1,250,000
Unrealized gain on derivative liability		(290,000	)
Extinguishment of warrant liability		(960,000	)
Fair value of warrants @ September 30, 2017	$	-

The change in the market value for the period ending September 30, 2016 was as follows:

Fair value of warrants @ December 31, 2015	$	2,820,000
Unrealized gain on derivative liability		(1,280,000	)
Fair value of warrants @ September 30, 2016	$	1,540,000

Goldman, Sachs & Co. [Member]

Debt Instrument [Line Items]

Schedule of fair value calculations

	January 30, 2017			December 31, 2016			September 30, 2016
Purchase Price	$	450,000		$	450,000		$	450,000
Time to expiration		12/22/2023			12/22/2023			12/23/2023
Risk-free interest rate		1.41	%		1.42	%		1.43	%
Estimated volatility		60	%		60	%		60	%
Dividend		0	%		0	%		0	%
Stock price	$	2.95		$	10.34		$	17.60
Expected forfeiture rate		0	%		0	%		0	%