XML 77 R65.htm IDEA: XBRL DOCUMENT v3.19.1
Notes Payable and Capital Lease Obligations (Details Textual) - USD ($)
 1 Months Ended 4 Months Ended 12 Months Ended
Oct. 01, 2018
Sep. 30, 2018
May 31, 2018
May 18, 2018
Jan. 31, 2018
Nov. 30, 2017
Mar. 21, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Jun. 30, 2018
Apr. 04, 2018
Mar. 29, 2018
Feb. 28, 2017
Notes Payable and Capital Lease Obligations (Textual)                            
Interest expense related to credit facilities               $ 1,775,000 $ 2,122,000          
Capital lease obligations               1,786,000 3,073,000          
Debt and equity financings                 8,860,000 $ 29,856,000        
Initial principal amount               297,000            
Outstanding amount under the revolving loan, inclusive of excess advance               $ 14,043,000 16,455,000          
Coverage ratio, description               As of September 30, 2018, we had outstanding $4,775,000 principal amount of 8% Notes, of which $2,575,000 principal amount was due on November 30, 2018 and $2,200,000 principal amount was due on February 28, 2019.            
Revolving credit loan debt to PNC               $ 15,615,000 19,926,000          
Revolving credit loan term amount               1,572,000 3,471,000          
Placement agent fee equal amount               $ 160,000            
Placement invested percentage               8.00%            
Related party advances and notes payable, net of debt discounts               $ 4,835,000 1,912,000          
Common stock issued               $ 360,000          
Total purchase price $ 800,000                          
Related party notes payable allocated percentage, description               The number of Shares purchased by Michael Taglich and Robert Taglich was calculated based upon $1.68, the closing price of the common stock on May 20, 2018, the trading day immediately preceding the date they purchased the 2019 Notes and shares of common stock.             
Notes payable percentage                           8.00%
Additional investors       $ 100,000       $ 150,000            
Capitalized lease obligations               $ 1,786,000 $ 3,073,000          
Private Placement [Member]                            
Notes Payable and Capital Lease Obligations (Textual)                            
Received gross proceeds         $ 2,000,000                  
8% Notes [Member]                            
Notes Payable and Capital Lease Obligations (Textual)                            
Coverage ratio, description   Michael Taglich, Robert Taglich and Taglich Brothers (collectively, the ''Taglich Parties'') owned $1,300,000, $650,000 and $382,000, respectively, principal amount of 8% Notes, with accrued interest thereon from the date of issuance through September 30, 2018 of $203,613, $120,097 and $68,294, respectively. In consideration for waiving all defaults in payment of principal and accrued interest on the 8% Notes through the date of the amendment, the conversion price of the Amended Notes owned by the Taglich Parties and the other holders of the Amended Notes has been reduced to $1.50 per share, subject to the anti-dilution adjustments set forth in the Amended Notes and the 8% Notes, and the Company issued to the Taglich Parties and the other holders of the 8% Notes such number of shares of common stock calculated based upon a value of $1.39 per share, the closing market price of common stock on the NYSE American on September 28, 2018, the date immediately prior to the date the holders of a majority of the outstanding principal amount of the 8% Notes approved the amendment as is equal to the interest accrued on their 8% Notes from the date of issuance through September 30, 2018. As a result, the Company issued to Michael Taglich, Robert Taglich and Taglich Brothers 146,484 shares, 86,401 shares and 49,132 shares, respectively, of common Stock. From and after September 30, 2018, interest on the unpaid principal amount of the Amended Notes shall accrue and be paid at the rate of six (6%) percent per annum, if paid in cash, or at the rate of eight (8%) percent per annum if converted into common stock.                        
Robert Taglich [Member]                            
Notes Payable and Capital Lease Obligations (Textual)                            
Received gross proceeds             $ 1,950,000              
Common stock purchased, shares           72,463                
Common stock warrants to purchase           24,000                
Common stock purchase price           $ 100,000                
Advanced from related parties                       $ 100,000    
Michael Taglich [Member]                            
Notes Payable and Capital Lease Obligations (Textual)                            
Received gross proceeds             1,950,000              
Common stock purchased, shares           144,927                
Common stock warrants to purchase           48,000                
Common stock purchase price           $ 200,000                
Advanced from related parties                         $ 1,000,000  
Taglich Brothers [Member]                            
Notes Payable and Capital Lease Obligations (Textual)                            
Initial principal amount             $ 382,000              
Subordinated Convertible Notes [Member]                            
Notes Payable and Capital Lease Obligations (Textual)                            
Sale of principle convertible note interest rate             8.00%              
Eighteenth Amendment [Member]                            
Notes Payable and Capital Lease Obligations (Textual)                            
Coverage ratio, description               The Eighteenth Amendment requires us to maintain a minimum EBITDA of not less than (i) $1,500,000 for the twelve-month period ending December 31, 2018, (ii) $655,000 for the three-month period ending March 31, 2019, (iii) $1,860,000 for the six-month period ending June 30, 2019 and (iv) $3,110,000 for the nine-month period ending September 30, 2019.            
Term loan [Member]                            
Notes Payable and Capital Lease Obligations (Textual)                            
Term loan               $ 1,572,000            
Revolving loan               $ 15,000,000            
Coverage ratio, description               The Sixteenth Amendment waived Fixed Charge Coverage Ratio covenant violations for the periods ending September 30, 2017, December 31, 2017 and March 31, 2018. The Sixteenth Amendment imposes minimum EBITDA (as defined in the Loan Agreement) covenants of not less than (i) $75,000 for the three-month period ending March 31, 2018, (ii) $485,000 for the six month period ending June 30, 2018, and (iii) $1,200,000 for the nine-month period ending September 30, 2018.            
Repayment term loan, description               The repayment terms of the Term Loan provide for monthly principal installments in the amount of $123,133, payable on the first business day of each month, with a final payment of any unpaid balance of principal and interest payable on the scheduled maturity date.            
Seventeenth Amendment [Member]                            
Notes Payable and Capital Lease Obligations (Textual)                            
Loan facility, description               The revolving loan and the Term Loan bear interest at a rate equal to the sum of the Alternate Base Rate (as defined in the Loan Agreement) plus four percent (4%). In addition to the amounts available as revolving loans secured by inventory and receivables pursuant to the formula set forth in the Loan Agreement, PNC has agreed to permit the revolving advances to exceed the formula amount by $1,000,000 as of December 31, 2018, provided that we reduce the “Out-of-Formula Loan” by $25,000 per week commencing April 1, 2019, with the unpaid balance payable in full on December 31, 2019.            
Loan obligations agreement, descriptions               (i) $250,000 on the earlier of (a) the date the Obligations are indefeasibly paid in full or (b) June 30, 2019, (ii) $125,000 on the earlier of (a) the date the Obligations are indefeasibly paid in full or (b) December 31, 2019, which amount is deemed earned in full if the Obligations have not been satisfied as of July 1, 2019, (iii) $125,000 on the earlier of (a) the date the Obligations are indefeasibly paid in full or (b) December 31, 2019, which amount is deemed earned in full if the Obligations have not been satisfied as of October 1, 2019 (iv) $500,000 on December 31, 2019, which amount is deemed earned in full if the Obligations have not been satisfied as of December 31, 2019. As a further condition to PNC’s agreement to extend the maturity of the Obligations, Michael and Robert Taglich purchased $2,000,000 principal amount of our Senior Subordinated Convertible Notes and arranged a financing giving purchasers a right to receive a pro rata portion of the AMK Revenue Stream Payments resulting in gross proceeds of $800,000, including $275,000 from Michael and Robert Taglich.            
Two Thousand Nineteen [Member]                            
Notes Payable and Capital Lease Obligations (Textual)                            
Aggregate principal amount     $ 1,200,000                      
Subordinated Notes Maturity Date     May 31, 2019                      
Common stock issued     $ 214,762                      
Related party notes payable allocated percentage, description     Seventy percent (70%) of the total purchase price for the 2019 Notes and Shares purchased by each investor has been allocated to the 2019 Notes with the remaining thirty percent (30%) allocated to the Shares purchased with the 2019 Notes.                      
Notes payable percentage                     1.00%      
Accrued interest on notes payable     1.25%                      
Placement agent fee     4.00%                      
Two Thousand Nineteen [Member] | Robert Taglich [Member]                            
Notes Payable and Capital Lease Obligations (Textual)                            
Aggregate principal amount     $ 100,000                      
Common stock issued     17,857                      
Total purchase price     1,000,000                      
Two Thousand Nineteen [Member] | Michael Taglich [Member]                            
Notes Payable and Capital Lease Obligations (Textual)                            
Aggregate principal amount     1,000,000                      
Common stock issued     178,571                      
Total purchase price     1,000,000                      
Other accredited investor [Member] | Michael Taglich [Member]                            
Notes Payable and Capital Lease Obligations (Textual)                            
Aggregate principal amount     100,000                      
Common stock issued     18,334                      
Total purchase price     $ 100,000                      
Minimum [Member]                            
Notes Payable and Capital Lease Obligations (Textual)                            
Capital lease obligations interest rates               4.00% 4.00%          
Maximum [Member]                            
Notes Payable and Capital Lease Obligations (Textual)                            
Capital lease obligations interest rates               14.00% 14.00%