XML 106 R95.htm IDEA: XBRL DOCUMENT v3.20.2
Commitments and Contingencies (Details) - USD ($)
Feb. 07, 2020
Jan. 17, 2020
Commitments and Contingencies (Textual)    
Arrow merchandise value   $ 124,000
Ordered additional merchandise   520,000
Forbearance agreement indebtedness   124,000
Inventory purchase   520,000
Certain installments fee   $ 10,000
Inventory, description DragonWave agreed to repurchase inventory held by Tessco Technologies Incorporated ("Tessco"), one of DragonWave's customers and note holders. Upon receipt of the inventory, which is valued at $121,482, DragonWave agreed to reimburse Tessco $56,766, representing the balance due after making the initial payment of $60,000. The return of inventory and payment to Tessco of $56,776 was required by February 28, 2020 but has not yet been made. On June 5, 2020, Tessco filed a complaint for confessed judgment against DragonWave in the Circuit Court for Baltimore, Maryland, Case No. 5539212, for approximately $60,000, which it claims is the reimbursement amount. The Company does not intend to oppose the entry of this judgment. As of March 31, 2020, the inventory has been received and cash payment made. On June 12, 2020, Arrow and DragonWave entered into a settlement agreement whereby DragonWave is obligated to pay Arrow $503,500 on or before August 15, 2020, $125,000 for inventory received previously and $378,500 for additional inventory to be shipped after payment is received by Arrow from the Company.