Subsequent Events (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | |
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Apr. 28, 2020 |
Mar. 31, 2020 |
May 05, 2020 |
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Interest rate on term loan | 5.00% | ||
Subsequent Event [Member] | Seventh Amendment [Member] | |||
Interest rate on term loan | 5.00% | ||
Restructuring fee | $ 3,478 | ||
Exit fee for term loan | |||
Amendment description | The Seventh Amendment extends the maturity of the Credit Agreement from June 30, 2021 to June 30, 2023, lowered cash interest approximately 500 basis points (5%) per annum, postponed quarterly principal payments to recommence beginning June 30, 2021, and reduced the amounts of quarterly principal payments from the current $500,000 per quarter to $445,525. | ||
Amendment period description | The Company has up to 60 days after the effective date of the Seventh Amendment (until June 27, 2020) to enter into definitive agreements with all parties to effect the conversions and up to 90 days thereafter (until September 25, 2020) to obtain required shareholder approvals and execute the conversions, with the provision that the Company may be granted another 30 days by Lenders at their discretion. | ||
Payroll Protection Program [Member] | Unsecured Promissory Notes [Member] | |||
Funds received | $ 19,926,000 |
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- Definition The rate of interest that was being paid on the original debt issue that is being converted in the noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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