Revolver (Details Narrative) - USD ($) $ in Thousands |
8 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2020 |
Sep. 30, 2020 |
Sep. 30, 2020 |
Nov. 13, 2018 |
|
| Landlord Letter of Credit [Member] | ||||
| Line of credit | $ 1,000 | $ 1,000 | $ 1,000 | |
| Revolver [Member] | ||||
| Line of credit | 4,000 | 4,000 | $ 4,000 | |
| Line of credit facility, description | As a result of the Second Amendment, the borrowing limit of the Revolver prior to termination on January 5, 2021 was (a) the lower of: (i) $4.0 million and (ii) 80% of the Company's eligible accounts receivable (as adjusted by SVB), reduced by (b) (i) any outstanding advances under the Revolver, of which there were none as of September 30, 2020 and through the date of termination; (ii) the Landlord Letter of Credit, in the maximum amount of $1 million; and (iii) any outstanding term loans, of which there were none due to repayment in 2019. | |||
| Line of credit, maturity date | Nov. 13, 2021 | |||
| Repayment of line of credit | $ 3,400 | |||
| Restricted cash | $ 350 | 350 | $ 350 | |
| Interest rate description | The Second Amendment increased the floating per annum rate of interest to the greater of (A) one percent (1.0%) above the Prime Rate (as defined in the SVB Loan Agreement) and (B) four and one-quarter of one percent (4.25%). Prior to the Second Amendment, such interest accrued at a rate equal to one-half of one percent (0.50%) above the Prime Rate. | |||
| Silicon Valley Bank [Member] | ||||
| Line of credit facility, description | ||||
| Repayment of line of credit | $ 3,400 | |||
| SVB Loan Agreement [Member] | ||||
| Line of credit | 4,000 | 4,000 | $ 4,000 | |
| Line of credit facility, description | Prior to the termination, the borrowing limit of the Revolver was (a) the lower of: (i) $4.0 million and (ii) 80% of the Company's eligible accounts receivable (as adjusted by SVB), reduced by (b) (i) any outstanding advances under the Revolver, of which there are none as of September 30, 2020; (ii) the Landlord Letter of Credit, in the maximum amount of $1 million; and (iii) any outstanding term loans, of which there was none due to repayment in 2019. | |||
| Line of credit, maturity date | Nov. 13, 2021 | |||
| Repayment of line of credit | $ 3,400 | |||
| Restricted cash | $ 350 | $ 350 | $ 350 | |
| SVB Loan Agreement [Member] | Minimum [Member] | ||||
| Loan agreement ratio | 115.00% | |||
| SVB Loan Agreement [Member] | Maximum [Member] | ||||
| Loan agreement ratio | 110.00% | |||
| SVB Loan Agreement [Member] | Silicon Valley Bank [Member] | ||||
| Line of credit | $ 4,000 | |||
| Line of credit outstanding accounts receivable | 3,750 | |||
| SVB Loan Agreement [Member] | Silicon Valley Bank [Member] | Term Loan [Member] | ||||
| Line of credit | $ 850 |