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PRIVATE PLACEMENT MEMORANDUM (Tables)
9 Months Ended
Sep. 30, 2017
Private Placement Memorandum Disclosure [Abstract]  
Schedule of Cash and Non-Cash Components Of The Private Placement Memorandum
The table below summarizes the cash and non-cash components of the private placement memorandum (in thousands):
 
 
 
September 30, 2017
 
Proceeds from unsecured subordinated promissory notes
 
$
1,035
 
Less debt issuance costs and discount
 
 
 
 
Payment of commission and placement agent fees and related expenses
 
 
(155)
 
Principal payments on promissory notes
 
 
(269)
 
 
 
 
 
 
Non-cash activity
 
 
 
 
Common stock issued to placement agent
 
 
(255)
 
Obligation to issue common stock to private placement noteholders
 
 
(255)
 
Amortization of issuance costs and debt discount
 
 
292
 
Unsecured subordinated promissory notes, net of issuance and debt discount
 
 
393
 
 
 
 
 
 
Current portion of unsecured subordinated promissory notes
 
 
(393)
 
Long-term portion of unsecured subordinated promissory notes
 
$
-