XML 36 R25.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note 7 - Loan Payable (Tables)
6 Months Ended
Jun. 30, 2017
Notes Tables  
Schedule of Standby Fees Based on Total Funded Debt to EBITDA Ratio [Table Text Block]
   
If Total Funded Debt to EBITDA is:
 
       
Availment type or fee
 
Less than 1.00
   
Greater than or
equal to 1.00 and
less than 2.00
   
Greater than or
equal to 2.00 and
less than 2.25
   
Greater than
or equal to
2.25
 
Canadian dollar borrowings based on Bankers
’ Acceptance or U.S. dollar borrowings based on LIBOR (Margin)
   
2.00
%    
2.25
%    
2.75
%    
3.25
%
                                 
Canadian or U.S. dollar borrowings based on Prime Rate or U.S. dollar borrowings based on Base Rate (Margin)
   
0.75
%    
1.00
%    
1.50
%    
2.00
%
                                 
Standby fees
   
0.40
%    
0.45
%    
0.55
%    
0.65
%
Schedule of Debt [Table Text Block]
   
June 30, 2017
   
December 31,
2016
 
                 
Facility B
  $
-
    $
6,000,000
 
Facility C
   
6,625,465
     
4,731,306
 
Facility D
   
80,273,100
     
-
 
Less: unamortized debt discount and issuance costs
   
(938,939
)    
(482,498
)
Total loan payable
   
85,959,626
     
10,248,808
 
Less: loan payable, current portion
   
18,289,853
     
2,233,110
 
Loan payable, long-term portion
  $
67,669,773
    $
8,015,698
 
Schedule of Maturities of Long-term Debt [Table Text Block]
Principal repayments
       
Remainder of 2017
  $
9,144,926
 
2018
   
18,289,853
 
2019
   
18,289,853
 
2020
   
18,103,004
 
2021
   
17,542,457
 
Thereafter
   
5,528,472
 
    $
86,898,565