- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References+ Details

Debt Obligations (Detail Textuals 6) (USD $)	9 Months Ended			12 Months Ended	0 Months Ended	2 Months Ended	3 Months Ended		5 Months Ended
Debt Obligations (Detail Textuals 6) (USD $)	Sep. 28, 2014	Sep. 29, 2013	Dec. 29, 2013	Dec. 29, 2013 Star Brands II	Sep. 13, 2013 Revolving line of credit facility Blue Victory Holdings Loan agreement	Nov. 05, 2013 Revolving line of credit facility Blue Victory Holdings Loan agreement	Sep. 28, 2014 Revolving line of credit facility Blue Victory Holdings Loan agreement	Jan. 21, 2014 Revolving line of credit facility Blue Victory Holdings Loan agreement	Jun. 29, 2014 Revolving line of credit facility Blue Victory Holdings Loan agreement
Debt Instrument [Line Items]
Credit facility, principal and accrued interest outstanding	$ 24,952				$ 415,316	$ 475,626	$ 24,952	$ 570,529
Additional borrowing under credit facility						56,971		567,662	237,410
Payments on notes payable in settlement and release agreement	212,458	50,000					212,458
Common stock issued upon conversion of promissory notes - related party (in shares)					415,316	243,911		326,017
Interest free loan amount borrowed and payable on demand				5,000
Outstanding promissory notes, net of unamortized discount	$ 35,952		$ 138,772