XML 35 R22.htm IDEA: XBRL DOCUMENT v3.19.2

Notes Payable, Related Party Notes Payable and Finance Lease Obligations (Tables)

6 Months Ended

Jun. 30, 2019

Notes and Loans Payable [Abstract]

Schedule of notes payable and capital lease obligations

		June 30,				December 31,
		2019				2018
		(unaudited)
Revolving credit note payable to PNC Bank N.A.		$	15,161,000			$	14,043,000
Term loans, PNC			833,000				1,572,000
Finance lease obligations			1,193,000				1,786,000
Loan Payable – financed asset			525,000				-
Related party notes payable, net of debt discount			5,737,000				4,835,000
Convertible notes payable-third parties, net of debt discount			2,911,000				2,830,000
Subtotal			26,360,000				25,066,000
Less:  Current portion of notes and finance lease obligations			(23,857,000	)			(19,345,000	)
Notes payable and finance lease obligations, net of current portion		$	2,503,000			$	5,721,000

Schedule of future minimum lease payments, including imputed interest

For the twelve months ending		Amount
December 31, 2019 (remainder of the year)		$	622,000
December 31, 2020			542,000
December 31, 2021			52,000
December 31, 2022			22,000
December 31, 2023			—
Thereafter			—
Present value of finance lease obligations			1,238,000
Less: imputed interest			(45,000	)
Less: current portion			(1,012,000	)
Total Long Term Portion		$	181,000

Schedule of related party advances and notes payable

Date		Gross Proceeds				Promissory Note				$				Common Stock Price				Shares Issued
3/29/2018		$	1,000,000			$	700,000			$	300,000				1.68				178,571
4/4/2018			100,000				70,000				30,000				1.68				17,857
5/21/2018			100,000				70,000				30,000				1.64				18,334
Total		$	1,200,000			$	840,000			$	360,000								214,762

X

- References

No definition available.

+ Details

Name:	us-gaap_NotesAndLoansPayableAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737

+ Details

Name:	us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration