XML 61 R49.htm IDEA: XBRL DOCUMENT v3.8.0.1
Notes Payable and Convertible Notes (Details Textual)
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Jan. 31, 2017
Jan. 30, 2017
USD ($)
shares
Sep. 30, 2017
USD ($)
shares
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
loans
shares
Sep. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
shares
Dec. 31, 2015
USD ($)
Aug. 31, 2017
USD ($)
Feb. 28, 2017
USD ($)
Feb. 15, 2017
USD ($)
Dec. 31, 2014
USD ($)
Notes Payable and Convertible Notes (Textual)                        
Aggregate principal amount                     $ 89,100,000  
Borrowed amount         $ 1,669,212 $ 2,150,000            
Loss on extinguishment of debt     2,654,821            
Debt discount     1,385,775   $ 1,385,775   $ 1,810,881          
Number of loans | loans         3              
Unamortized issuance cost     2,071,116   $ 2,071,116   1,195,797          
Convertible Notes Payable         1,250,000          
Subordinated debt     1,475,000   1,475,000   1,475,000          
Notes payable                       $ 526,585
Reduced the loan     6,891   6,891   $ 609,891          
Interest expense     $ 2,669,778 1,224,217 $ 6,594,382 3,603,807            
Common stock, shares issued | shares     10,291,774   10,291,774   1,712,471          
Fair value of warrants     1,540,000 1,540,000 $ 1,250,000 $ 2,820,000      
Convertible Notes Payable [Member]                        
Notes Payable and Convertible Notes (Textual)                        
Maturity date               Dec. 31, 2020        
Percentage of interest rate               8.00%        
Convertible Notes Payable               $ 1,250,000        
Notes Payable, related party [Member]                        
Notes Payable and Convertible Notes (Textual)                        
Amortization of debt issuance costs     97,000 86,913 282,000 252,751            
Notes payable                       150,000
Loans payable                       $ 376,585
Interest expense     2,670,000 1,224,217 6,594,000 3,603,807            
Amortization of loan fees     133,000 56,156 338,000 163,377            
Interest expense on debt     $ 2,440,000 $ 1,081,148 $ 5,974,000 $ 3,187,679            
Mortgage Note Payable [Member]                        
Notes Payable and Convertible Notes (Textual)                        
Maturity date         May 31, 2020              
Percentage of interest rate     4.60%   4.60%              
Mortgage Note Payable To Bank [Member]                        
Notes Payable and Convertible Notes (Textual)                        
Long term debt, description        
Secured by real estate and guarantee of company, bearing interest at 4.6%, due in monthly installments of $9,934, maturing May 2020
             
Notes payable, secured by equipment [Member]                        
Notes Payable and Convertible Notes (Textual)                        
Long term debt, description         Bearing interest at rates from 9.25% to 9.49%, due in monthly installments of approximately $150,000 through April 2022.              
Goldman, Sachs & Co. [Member]                        
Notes Payable and Convertible Notes (Textual)                        
Percentage of interest rate 6.50%   6.50%   6.50%              
Warrants exercisable, term         Dec. 22, 2023              
Purchase price of amount         $ 449,553              
Loss on extinguishment of debt   $ 960,000                    
Warrant liability   283,000                    
Debt discount   $ 2,160,000 $ 1,385,775   $ 1,385,775   1,810,881          
Debt instrument, interest rate, term         The effective interest rate method over the life of the note, which is 5 years.              
Debt issuance costs               $ 1,446,515   $ 1,057,950    
Unamortized issuance cost     $ 2,071,116   $ 2,071,116   1,195,797          
Common stock or securities convertible into common stock for a period 180 days                      
Common stock, shares issued | shares   421,326                    
Fair value of warrants   $ 1,243,000                    
LIBOR Interest, description        
Interest on loan date plus 8%, 9.238% at September 30, 2017.
             
Qualified offering, description   (1) the Company receives aggregate gross proceeds of at least $10,000,000 and (2) the Common Stock becomes listed on The Nasdaq Capital Market, or the New York Stock Exchange.                    
Tranche A Term Loans [Member]                        
Notes Payable and Convertible Notes (Textual)                        
Aggregate principal amount                     65,500,000  
Long term debt, description         The Company had a total outstanding balance of $78,207,500 consisting of the Tranche A Term Loan, Tranche B and draw of the Revolving Commitments. The loans are secured by liens on substantially all of the assets of the Company and its subsidiaries. Tranche A Term Loan, Tranche B and all revolving commitments have a maturity date of December 22, 2020 with interest paid monthly at an annual rate of approximately 9% (subject to variation base on changes in LIBOR or another underlying reference rate), on the Tranche A Term Loan and revolving commitments.              
Tranche A Term Loans [Member] | Credit Agreement [Member]                        
Notes Payable and Convertible Notes (Textual)                        
Aggregate principal amount                 $ 6,000,000      
Tranche A Term Loans [Member] | Goldman, Sachs & Co. [Member]                        
Notes Payable and Convertible Notes (Textual)                        
LIBOR Interest, description         Interest on loan date plus 8%, 9.238% at September 30, 2017.              
Tranche B Term Loans [Member]                        
Notes Payable and Convertible Notes (Textual)                        
Aggregate principal amount                     8,600,000  
Long term debt, description         Interest is accrued at an annual rate of 11% of the Tranche B loan. In addition, there is a commitment fee paid monthly on the Multi-Draw Term Loans and Revolving Commitments at an annual rate of 0.5%.              
Tranche B Term Loans [Member] | Goldman, Sachs & Co. [Member]                        
Notes Payable and Convertible Notes (Textual)                        
Percentage of interest rate     11.00%   11.00%              
Multi-Draw Term Loans [Member]                        
Notes Payable and Convertible Notes (Textual)                        
Aggregate principal amount                     10,000,000  
Revolving Commitments [Member]                        
Notes Payable and Convertible Notes (Textual)                        
Aggregate principal amount                     $ 5,000,000  
Serve Holding Corp. [Member]                        
Notes Payable and Convertible Notes (Textual)                        
Loans payable             359,891          
Short term loan received             $ 250,000          
Interest of short term loan   $ 20,000                    
Reduced the loan                 6,891,000      
Company paid back to Here to Serve Holding Corp                 $ 350,000 $ 3,000