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PRIVATE PLACEMENT MEMORANDUM (Tables)
3 Months Ended
Mar. 31, 2018
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):
 
 
 
March 31, 2018
 
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
 
 
(981)
 
 
 
 
 
 
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
 
 
618
 
Unsecured subordinated promissory notes, net of issuance and debt discount
 
 
7
 
 
 
 
 
 
Current portion of unsecured subordinated promissory notes
 
 
(7)
 
Long-term portion of unsecured subordinated promissory notes
 
$
-