XML 39 R13.htm IDEA: XBRL DOCUMENT
v3.21.1

Line of Credit | 3 Months Ended
--- | ---
Mar. 31, 2020
Line of Credit Facility [Abstract] |
Line of Credit | 5. Line of Credit FastPay Credit Facility – On February 27, 2020, the Company entered into a financing and security agreement with FPP Finance LLC (“FastPay”), pursuant to which FastPay extended a $15,000,000 line of credit for working capital purposes secured by a first lien on all of the Company’s cash and accounts receivable and a second lien on all other assets. Borrowings under the facility bear interest at the LIBOR Rate plus 8.50% and have a final maturity of February 6, 2022. The balance outstanding as of March 31, 2020 was $5,415,914. As of the date these condensed consolidated financial statements were issued or were available to be issued the balance outstanding was approximately $4.9 million. SallyPort Credit Facility – During November 2018, the Company entered into a factoring note agreement with Sallyport Commercial Finance, LLC (“Sallyport”) to increase working capital through accounts receivable factoring. As of December 31, 2019, Sallyport collected accounts receivable in excess of the balance outstanding under the note, therefore, the Company was due $626,532 from Sallyport which was reflected within accounts receivable on the condensed consolidated balance sheet. Effective January 30, 2020, the Company’s factoring facility with Sallyport was closed and funds were no longer available for advance.

X
- Definition Line of Credit [Text Block] + References No definition available. + Details
Name: | MVEN_LineOfCreditTextBlock
Namespace Prefix: | MVEN_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration