Quarterly report pursuant to Section 13 or 15(d)

Term-loan (Details Narrative)

v3.7.0.1
Term-loan (Details Narrative)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2017
USD ($)
Jun. 30, 2017
USD ($)
Borrowing amount $ 56,226,316 $ 56,226,316
Interest rate credit agreement   11.30%
2017 66 $ 66
2018 1,224 1,224
2019 0 0
2020 1,000 1,000
2021 0 0
Discount fee Payable 901,300 901,300
Finder’s fee 1,597 1,597
Loan fees paid 3,073,300 3,073,300
Debt discount $ 192 $ 192
London Interbank Offered Rate (LIBOR) [Member]    
Interest rate credit agreement   10.00%
PNC [Member]    
Interest rate credit agreement   10.00%
Floating Base Rate [Member]    
Interest rate credit agreement   9.00%
Revolving Credit Facility [Member]    
Interest rate credit agreement 11.30% 13.25%
Credit agreement [Member] | Revolving Credit Facility [Member]    
Borrowing amount $ 7,476,316 $ 7,476,316
Closing fee 500 500
Credit agreement [Member] | term-loans [Member]    
Borrowing amount 48,750 48,750
2017 609 609
2018 5,789 5,789
2019 6,094 6,094
2020 6,398 6,398
2021 29,860 29,860
Closing fee 75 75
Credit agreement [Member] | Short-term Debt [Member]    
Borrowing amount $ 73,750 73,750
Principal amount   $ 48,750
Revolving loans, Description  

revolving loans in a maximum amount up to the lesser of (i) $25,000,000 or (ii) an amount determined pursuant to a borrowing base that is calculated based on the outstanding amount of the Company’s eligible accounts receivable, as described in the Credit Agreement. The loans under the Credit Agreement mature on March 31, 2021.

Borrowing loan term   4 years
Credit agreement [Member] | Fixed Charge Coverage Ratio [Member]    
Covenant ratio description  

The Company shall cause to be maintained as of the last day of each fiscal quarter, a Fixed Charge Coverage Ratio for itself and its subsidiaries on a Consolidated Basis of not less the amount set forth in the Credit Agreement, which ranges from 1.10 to 1.0 to 1.40 to 1.0.

Credit agreement [Member] | Senior Leverage Ratio [Member]    
Covenant ratio description  

The Company shall cause to be maintained as of the last day of each fiscal quarter, a Senior Leverage Ratio for itself and its subsidiaries on a Consolidated Basis of not greater than the amount set forth in the Credit Agreement for each fiscal quarter, in each case, measured on a trailing four (4) quarter basis as set in the agreement, which ranges from 4.50 to 1.0 to 1.5 to 1.0 over the term of the Credit Agreement.

Credit agreement [Member] | Minimum [Member]    
EBITDA   $ 13,000
Credit agreement [Member] | Maximum [Member]    
EBITDA   $ 24,000