Quarterly report pursuant to Section 13 or 15(d)

Senior Debt (Tables)

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Senior Debt (Tables)
 9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Senior Debt

    September 30, 2017     December 31,2016  
On October 28, 2015 the Company entered into a credit agreement, pursuant to which the Company received $8,000. The funds were disbursed as follow: $6,000 and $2,000 on October 28, 2015 and November 11, 2015 respectively. On April 20, 2017, the Company amended existing credit facility to which the Company received $11,480. The interest rate used is 12% per annum, also required to make 4% PIK payments, which is booked monthly as an increase to the senior debt balance.   $ 27,105     $ 8,378  
Less: Original issue discount     -       (182 )
Less: Deferred financing cost     (7,083 )     (620 )
Total Senior Debt, non-current portion   $ 20,022     $ 7,576

Schedule of Principal Payments for Borrowings - Senior Debt

The required principal payments for all borrowings for each of the five years following the balance sheet date are as follows:

 

2017 (Remaining)     $ -  
2018       -  
2019       27,105  
2020       -  
2021       -  
Thereafter       -  
Total     $ 27,105