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v3.19.3

NOTE 9 – DEBT (Details Narrative) |  |  | 3 Months Ended | 9 Months Ended
--- | --- | --- | --- | ---
Apr. 24, 2019 USD ($) | May 01, 2018 USD ($) Tranch | Sep. 30, 2019 USD ($) | Sep. 30, 2018 USD ($) | Sep. 30, 2019 USD ($) | Sep. 30, 2018 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |
Prepayment fee percentage | 4.00% |  |  |  |  |
Gain (Loss) on Extinguishment of Debt |  |  |  |  | $ 10,057,632 |
Amortization of Debt Issuance Costs |  |  |  |  | (582,829) | (149,909)
Payments of Financing Costs |  |  |  |  | 6,652,270 | 3,786,918
Debt Instrument, Unamortized Discount |  |  | $ 6,101,513 |  | 6,101,513 |
Amortization of Debt Issuance Costs |  |  |  |  | $ 582,829 | $ 149,909
Debt Instrument, Interest Rate, Effective Percentage |  |  | 1100.00% |  | 1100.00% |
Financing Agreement [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Long-term Debt, Gross |  |  | $ 200,000,000 |  | $ 200,000,000 |
Interest Expense, Borrowings |  |  | 5,333,056 |  | 9,318,056 |
Tranche 1 [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Amortization of Debt Issuance Costs |  |  | (265,949) |  | (462,683) |
Amortization of Debt Issuance Costs |  |  | $ 265,949 |  | 462,683 |
Revolving Credit Facility [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  | 775.00% |  |  |  |
Secured Debt [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity |  | $ 200,000,000 |  |  |  |
Debt Instrument, Description of Variable Rate Basis |  | one-month LIBOR |  |  |  |
LIBOR floor rate |  | 1.50% |  |  |  |
[custom:NumberOfTranchesUnderTermLoanFacility-0] | Tranch |  | 3 |  |  |  |
Financing Agreement [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt Instrument, Description of Variable Rate Basis | 3-month LIBOR |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 775.00% |  |  |  |  |
LIBOR floor rate | 2.70% |  |  |  |  |
Number of quarterly principal installment payments | 4 |  |  |  |  |
Prepayment fee for first two years funding (percent) | 30.00% |  |  |  |  |
Prepayment fee third year funding (percent) | 5.00% |  |  |  |  |
Prepayment fee fourth year funding (percent) | 3.00% |  |  |  |  |
Prepayment fee fifth year funding (percent) | 1.00% |  |  |  |  |
Facility fee paid (percent) | 2.50% |  |  |  |  |
Minimum cash balance requirement under credit agreement | $ 50,000,000 |  |  |  |  |
Financing Agreement [Member] | Prime Rate [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt Instrument, Description of Variable Rate Basis | prime rate |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 6.75% |  |  |  |  |
LIBOR floor rate | 5.20% |  |  |  |  |
Financing Agreement [Member] | Tranche 1 [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Proceeds from Lines of Credit | $ 200,000,000 |  |  |  |  |
Financing Agreement [Member] | Tranche Two [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity | 50,000,000 |  |  |  |  |
Financing Agreement [Member] | Tranche Three [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity | 50,000,000 |  |  |  |  |
Revenue requirement to draw on term loan tranche | 11,000,000 |  |  |  |  |
Financing Agreement [Member] | Tranche Two Three Member |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Minimum cash balance requirement under credit agreement | 60,000,000 |  |  |  |  |
Financing Agreement [Member] | Revolving Credit Facility [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity | 300,000,000 |  |  |  |  |
Credit Agreement [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Repayment of debt with new credit facility | $ 81,661,000 |  |  |  |  |
[custom:RepaymentFeePercentage] | 400.00% |  |  |  |  |
Gain (Loss) on Extinguishment of Debt | $ 10,057,632 |  |  |  |  |
Interest Expense, Debt |  |  |  |  | (1,816,747) |
Amortization of Debt Issuance Costs |  |  |  |  | (120,146) |
Amortization of Debt Issuance Costs |  |  |  |  | $ 120,146 |

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