Revolving Credit Facility (Details Narrative) - USD ($) $ in Thousands |
1 Months Ended | 3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 27, 2016 |
Sep. 27, 2013 |
Jun. 30, 2017 |
Jun. 30, 2017 |
Jan. 02, 2016 |
|
| Interest rate | 4.75% | |||||
| Borrowing amount | $ 56,226,316 | $ 56,226,316 | ||||
| Interest rate credit agreement | 11.30% | |||||
| Fee on loan | $ 288,000 | |||||
| Revolving Credit Facility [Member] | ||||||
| Interest rate credit agreement | 11.30% | 13.25% | ||||
| 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% | |||||
| Credit agreement [Member] | Revolving Credit Facility [Member] | ||||||
| Borrowing amount | $ 7,476,316 | $ 7,476,316 | ||||
| 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.
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| Borrowing loan term | 4 years | |||||
| ACF FINCO I LP [Member] | ||||||
| Borrower agreement | ACF FINCO I LP | |||||
| Secured revolving note | $ 6,000 | |||||
| Secured revolving note validity term | 3 years | |||||
| Secured revolving note interest rate description | The interest rate for the Note is a fluctuating rate that, when annualized, is equal to the greatest of (A) the Prime Rate plus three and one quarter percent (3.25%), (B) the LIBOR Rate plus six and one quarter percent (6.25%), and (C) six and one half percent (6.50%), with the interest paid on a monthly basis. | |||||
| ACF FINCO I LP [Member] | Short-term Debt [Member] | ||||||
| Secured revolving note interest rate description | Pursuant to the Amendment, the Lender agreed (i) to decrease the annual Facility Fee (as defined in the Credit Agreement) payable by Borrower on the total Revolving Credit Limit (as defined in the Loan Agreement) to 0.75% , (ii) to allow the Borrower to make certain prepayments of amounts owed under the Amended Loan Agreement and the other loan documents on or prior to September 27, 2018, (iii) to amend the provision regarding liquidated damages payable by Borrower in the event of any early termination of the revolving credit line under the Amended Credit Agreement such that Borrower shall pay liquidated damages to Lender in an amount equal to the Revolving Credit Limit multiplied by (X) two percent (2.00%) if such prepayment, repayment, demand or acceleration occurs prior to September 28, 2017, and (Y) one percent (1.00%) if such prepayment, repayment, demand or acceleration occurs on or after September 28, 2017, (iv) to change the minimum EBITDA (as defined in the Amended Credit Agreement) thresholds required to be maintained by the Company as outlined below (v) to extend the Revolving Credit Termination Date to the earliest to occur of (a) September 27, 2018, (b) the date Lender terminates the Revolving Credit pursuant to the terms of the Amended Credit Agreement, and (c) the date on which repayment of the Revolving Credit, or any portion thereof, becomes immediately due and payable pursuant to the terms of the Amended Loan Agreement, (vi) to amend the definition of EBITDA and (vii) to change the Revolving Credit Rate to a fluctuating rate that, when annualized, is equal to the greatest of (A) the Prime Rate plus one and one half percent (1.50%), (B) the LIBOR Rate plus four and one half percent (4.50%), and (C) four and three quarters percent (4.75%). | |||||
| ACF FINCO I LP [Member] | Short-term Debt [Member] | Minimum [Member] | ||||||
| Amended credit agreement range | $ 6,000 | |||||
| ACF FINCO I LP [Member] | Short-term Debt [Member] | Maximum [Member] | ||||||
| Amended credit agreement range | $ 10,000 | |||||