XML 49 R28.htm IDEA: XBRL DOCUMENT v3.7.0.1
Subsequent Event
12 Months Ended
Dec. 31, 2016
Subsequent Events [Abstract]  
Subsequent Event

(19)

Subsequent Event

As reported in the Company’s Current Report on Form 8-K filed March 27, 2017, on March 23, 2017 the Company entered into a $7.00 million Senior Secured Term Note with a third-party lender. The Note is payable in monthly interest only payments in arrears at the fixed rate of 11.5%. Principal of $0.50 million is payable no later than June 30, 2017 with the balance due March 23, 2021.   The proceeds of the note sale were used to pay off all remaining balances on the credit facilities with Frost in addition to providing approximately $1.00 million of working capital.