Revolving Line of Credit (Details Narrative) - USD ($) $ in Thousands |
1 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Nov. 30, 2018 |
Jun. 30, 2020 |
Sep. 30, 2020 |
Dec. 31, 2019 |
Nov. 30, 2019 |
Nov. 13, 2018 |
|
Line of credit | $ 3,400 | $ 3,000 | ||||
Line of credit outstanding accounts receivable | ||||||
Subsequent Event [Member] | ||||||
Line of credit | $ 3,400 | |||||
Restricted cash | 350 | |||||
Silicon Valley Bank [Member] | ||||||
Line of credit outstanding accounts receivable | ||||||
Line of credit facility, description | The borrowing limit of the Revolving Line of Credit is the lower of 80% of the Company's eligible accounts receivable (as adjusted by SVB) and the aggregate amount of cash collections with respect to accounts receivable during the three prior calendar months. | The amount that may be borrowed under the Revolving Line of Credit is the lower of: (i) $3.75 million or (ii) 80% of the Company's eligible accounts receivable (as adjusted by SVB). Revolving Line of Credit outstanding amounts incur interest at a rate per annum equal to the Wall Street Journal Prime Rate plus 0.5%. The Company is also required to pay an unused Revolving Line of Credit facility fee monthly in arrears in an amount equal to 0.35% per annum of the average unused but available portion of the Revolving Line of Credit. The Revolving Line of Credit has a maturity date three years from the effective date, or November 13, 2021. | ||||
Line of credit, percentage | 0.50% | |||||
Revolving Line facility fee monthly in arrears, percentage | 0.35% | |||||
Line of credit, maturity date | Nov. 13, 2021 | |||||
Withdrawn of available funds | $ 3,400 | |||||
Silicon Valley Bank [Member] | Maximum [Member] | ||||||
Line of credit | $ 4,000 | |||||
Silicon Valley Bank [Member] | Prime Rate [Member] | ||||||
Line of credit, percentage | 0.50% | |||||
SVB Loan Agreement [Member] | ||||||
Line of credit | $ 3,400 | |||||
SVB Loan Agreement [Member] | Minimum [Member] | ||||||
Line of credit outstanding accounts receivable | 4,000 | |||||
SVB Loan Agreement [Member] | Maximum [Member] | ||||||
Line of credit outstanding accounts receivable | $ 8,000 | |||||
SVB Loan Agreement [Member] | Subsequent Event [Member] | ||||||
Restricted cash | $ 350 | |||||
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 |