Debt (Tables)

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

The Company’s net carrying amount of debt is comprised of the following:

	March 31, 2013		December 31, 2012
Term Loan	$	12,301,000	$	12,579,000
Seller Note		6,449,000		6,306,000
Contingent obligation – Seller		11,466,000		11,466,000
Other long term liabilities		51,000		45,000
Total		30,267,000		30,396,000
Current portion		1,519,000		1,350,000
Total long term liabilities	$	28,748,000	$	29,046,000

Schedule of Maturities of Long-term Loan [Table Text Block]

Annual remaining principal obligations are as follows:

	Year Ending December 31,
2013 (Period from April 1, 2013 to December 31, 2013)	$	1,013,000
2014		2,025,000
2015		3,375,000
2016		6,750,000
Total	$	13,163,000

Schedule Optional Prepayment Applicable Premium Percentage [Table Text Block]

Optional Prepayment.  IM Brands may prepay the Loan in whole or in part in increments of $500,000, provided that IM Brands pay the following premiums in connection with the prepayment:

Period	Applicable Premium
Prior to September 29, 2013		2	%
Prior to September 29, 2014		1	%
On or After September 29, 2014		0	%

Schedule Of Royalty Targets and Percentage Of Potential Earn Out Value [Table Text Block]

The royalty targets and percentage of the potential Earn-Out Value are as follows:

ROYALTY TARGET PERIODS	ROYALTY TARGET		EARN-OUT VALUE
Second Royalty Target Period (October 1, 2012 to September 30, 2013)	$	20,000,000	$	7,500,000
Third Royalty Target Period (October 1, 2013 to September 30, 2014)	$	22,000,000	$	7,500,000
Fourth Royalty Target Period (October 1, 2014 to September 30, 2015)	$	24,000,000	$	7,500,000

APPLICABLE PERCENTAGE	% OF EARN-OUT VALUE EARNED
Less than 76%		0	%
76% up to 80%		40	%
80% up to 90%		70	%
90% up to 95%		80	%
95% up to 100%		90	%
100% or greater		100	%