Annual report pursuant to Section 13 and 15(d)

Notes Payable and Revolving Credit Facility (Tables)

v3.8.0.1
Notes Payable and Revolving Credit Facility (Tables)
12 Months Ended
Dec. 31, 2017
Debt Instrument [Line Items]  
Schedule Of Proceeds From Notes Payable [Table Text Block]
The Company’s notes payable, net, includes two loans: (1) the Cantor Loan and (2) the West Mifflin Note, described in detail below. The following table sets forth the aggregate balances of these loans as of December 31, 2017 and 2016.
 
 
 
December 31, 2017
 
December 31, 2016
 
Notes payable, gross
 
$
39,475
 
$
39,475
 
Less: Unamortized debt discount
 
 
(930)
 
 
(1,062)
 
Notes payable, net
 
$
38,545
 
$
38,413
 
Schedule Of Deferred Financing Costs [Table Text Block]
Costs incurred related to securing the Company’s Revolving Credit Facility have been capitalized as a deferred financing asset, net of accumulated amortization, in the accompanying Consolidated Balance Sheets.
 
A rollforward of the deferred financing cost balance as of December 31, 2017, is as follows:
 
Balance as of January 1, 2017, net
 
$
927
 
Additions – Revolving Credit Facility
 
 
2,915
 
Deferred financing cost amortization expense
 
 
(1,092)
 
Balance as of December 31, 2017, net
 
$
2,750
 
 
A rollforward of the deferred financing cost balance as of December 31, 2016 is as follows:
 
Balance as of January 1, 2016, net
 
$
-
 
Additions – Revolving Credit Facility
 
 
946
 
Deferred financing cost amortization expense
 
 
(19)
 
Balance as of December 31, 2016, net
 
$
927
 
Cantor Loan [Member]  
Debt Instrument [Line Items]  
Schedule of Maturities of Long-term Debt [Table Text Block]
As of December 31, 2017, scheduled principal payments due for each fiscal year ended December 31 are listed below as follows:
 
2018
 
$
-
 
2019
 
 
-
 
2020
 
 
-
 
2021
 
 
315
 
2022
 
 
449
 
Thereafter
 
 
31,333
 
Total
 
$
32,097
 
West Mifflin Note Payable [Member]  
Debt Instrument [Line Items]  
Schedule of Maturities of Long-term Debt [Table Text Block]
As of December 31, 2017, scheduled principal payments due for each fiscal year ended December 31 are listed below as follows:
 
2018
 
$
22
 
2019
 
 
136
 
2020
 
 
7,220
 
Total
 
$
7,378