5. NOTES PAYABLE AND CONVERTIBLE NOTES (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Long term debt

	March 31, 2016 (UNAUDITED)			December 31, 2015
Goldman Sachs - Tranche A Term Loan - LIBOR Interest	$	40,000,000		$	40,000,000
Goldman Sachs - Revolver		2,150,000			-
Goldman Sachs - MDTL		-			-
Convertible Notes Payable		1,250,000			1,250,000
Capitalized lease - financing company, secured by equipment		33,882			37,097
Equipment loans		364,764			395,118
Notes payable to seller of Meridian, subordinated debt		1,475,000			1,475,000
Less: debt discount		(2,040,460	)		(2,152,603	)
Total debt		43,233,186			41,004,612
Less: current portion		(268,994	)		(417,119	)
Long term debt less current portion	$	42,964,192		$	40,587,493

Schedule of fund distribution

These funds were distributed as follows:

Payoff of short term bridge financing	$	432,938
Payoff of lines of credit with Commerica Bank		1,745,799
Payoff of senior debt to Comerica Bank		7,953,433
Refinancing fees		712,830
	$	10,845,000

The funds to payoff the Praesidian notes were distributed as follows:

Aggregate outstanding principal balance of the Notes	$	10,845,043
Aggregate accrued but unpaid interest on the Notes		82,844
Prepayment Premium		325,351
Accrued PIK		9,941
Tax Liability		150,000
Accrued but unpaid fees and expenses		4,000
Payoff Amount	$	11,417,179

Schedule of Fair value calculation

	March 31, 2016			December 31, 2015
Purchase Price	$	450,000		$	450,000
Time to expiration	12/22/2023			12/22/2023
Risk-free interest rate		1.60	%		2.15	%
Estimated volatility		45	%		45	%
Dividend		0	%		0	%
Stock price on March 31, 2016	$	1.80		$	1.90
Expected forfeiture rate		0	%		0	%

Schedule of Change in the market value

Fair value of warrants @ December 31, 2015	$	2,820,000
Unrealized gain on derivative liability		(180,000	)
Fair value of warrants @ March 31, 2016	$	2,640,000