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Note 12 - Line of Credit
6 Months Ended
Jun. 30, 2014
Note 12 - Line of Credit [Line Items]  
Debt Disclosure [Text Block]

12. Line of Credit


On December 26, 2011, the Company entered into a Business Loan Agreement with Cathay Bank (“Cathay”) whereby Cathay agreed to extend the Company a line of credit of the lesser of $9.0 million or 70% of the aggregate amount in certain accounts receivable, which would mature December 31, 2012. LDK agreed to guaranty the full amount of the loan under a Commercial Guaranty by and between LDK and Cathay dated December 26, 2011. The loan was past due and on April 17, 2014, Cathay Bank filed a lawsuit against the Company to recover the $4.25 in principal plus $0.1 million in accrued and unpaid interest from the Company under the terms of the Loan Agreement. On May 15, 2014, the Company and Cathay Bank agreed to a settlement in principal and the Company paid Cathay Bank a total of $4.4 million to satisfy all of the Company’s obligations owed to Cathay and Cathay is expected to dismiss the lawsuit filed against the Company.


Convertible Bond [Member]
 
Note 12 - Line of Credit [Line Items]  
Debt Disclosure [Text Block]

18. Convertible Bond


On June 3, 2014 the Company entered into an agreement with a non-U.S. investor and issued an $11 million convertible bond, bearing no interest. The convertible bond may be partially (minimum of $500,000 or multiples thereof) or wholly converted into shares of the Company’s common stock at $0.16 per share at any time at the option of the investor after six months from the issuance date or at any time after the issuance date at the option of the investor if the Company issues shares of common stock amounting to more than 10% of the Company’s common stock outstanding or declares a cash dividend. The convertible bond is due and payable on April 29, 2015. If the convertible bond has not been converted by the terms noted above or earlier accelerated by the events of default on or before April 15, 2015, the Company has the sole power to extend the maturity date of the convertible bond to April 29, 2017.The convertible bond includes a $10,312,500 beneficial conversion feature which was recognized separately at issuance by allocating the intrinsic value to additional paid in capital, resulting in a discount on the convertible bond. This discount will be amortized into interest expense using the effective interest method from the issuance date through the convertible bond’s April 29, 2015 maturity date. Interest expense of $0.7 million was recorded during the six months ended June 30, 2014.