XML 60 R46.htm IDEA: XBRL DOCUMENT v3.3.1.900
Debt - Additional Information (Details) - USD ($)
12 Months Ended
Dec. 23, 2014
Nov. 13, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Oct. 23, 2014
Debt Instrument [Line Items]            
Debt outstanding     $ 0 $ 0    
Accrued interest paid     $ 332,244 $ 4,702,333 $ 2,926,355  
Common stock, shares issued     33,536,940 33,468,342    
Amortization of deferred financing costs and loan discount     $ 144,823 $ 916,322 $ 238,925  
$1,500,000 10% Note            
Debt Instrument [Line Items]            
Debt instrument, face amount     $ 1,500,000      
Debt instrument stated percentage     10.00%      
Debt instrument, maturity date     Dec. 23, 2020      
Payments of revolving notes payable     $ 1,500,000      
Debt instrument, description     In connection with the issuance of these notes, in February 2010, for every $16.39 that was borrowed with the notes, one share of common stock was issued to the lender.      
Debt note convertible conversion price     $ 16.39      
Common stock, shares issued     91,528      
Fair value of common stock issued     $ 6.56      
$1,500,000 10% Note | IPO            
Debt Instrument [Line Items]            
Accrued interest paid     $ 854,925      
$27,000,000 Revolving Note Payable            
Debt Instrument [Line Items]            
Debt outstanding     24,000,000      
Debt instrument, face amount     $ 27,000,000      
Debt instrument, maturity date     Oct. 31, 2015      
Line of credit facility, unused capacity, commitment fee percentage     1.00%      
Line of credit facility, collateral fees amount     $ 3,000,000      
Line of credit facility, interest rate description     Base Rate was defined as the rate of interest publicly quoted by The Wall Street Journal as the “base rate on corporate loans posted by at least 75% of the nation’s 30 largest banks.” If the Company elected to utilize the LIBOR Rate, it could elect to use a 1, 2, or 3 month LIBOR Rate with the interest payable upon the last day of the interest period applicable to the Company’s LIBOR rate election. Interest for the Base Rate loan was payable monthly with the balance of any outstanding advances due at maturity.      
Notes payable       $ 24,000,000    
$27,000,000 Revolving Note Payable | LIBOR Rate            
Debt Instrument [Line Items]            
Line of credit facility, interest rate     8.00%      
$27,000,000 Revolving Note Payable | Base Rate            
Debt Instrument [Line Items]            
Line of credit facility, interest rate     6.00%      
$27,000,000 Revolving Note Payable | IPO            
Debt Instrument [Line Items]            
Accrued interest paid     $ 198,084      
$40,000,000 Credit Facilities            
Debt Instrument [Line Items]            
Debt instrument, face amount   $ 40,000,000 40,000,000      
$40,000,000 Credit Facilities | Capex Commitments            
Debt Instrument [Line Items]            
Debt instrument, face amount $ 30,000,000 12,000,000        
$40,000,000 Credit Facilities | Term Facility            
Debt Instrument [Line Items]            
Debt instrument, face amount   $ 18,000,000        
Credit facility term   5 years        
Extinguishment amount of debt 18,000,000          
$40,000,000 Credit Facilities | Revolving Facility            
Debt Instrument [Line Items]            
Debt instrument, face amount   $ 10,000,000        
Credit facility term   3 years        
Increase in credit facility $ 10,000,000          
$40,000,000 Credit Facilities | LIBOR Rate | Revolving Facility            
Debt Instrument [Line Items]            
Line of credit facility, interest rate   4.75%        
$40,000,000 Credit Facilities | LIBOR Rate | Revolving Facility | Minimum            
Debt Instrument [Line Items]            
Line of credit facility, interest rate   3.75%        
$40,000,000 Credit Facilities | LIBOR Rate | Revolving Facility | Maximum            
Debt Instrument [Line Items]            
Line of credit facility, interest rate   4.75%        
$40,000,000 Credit Facilities | Base Rate | Revolving Facility            
Debt Instrument [Line Items]            
Line of credit facility, interest rate   3.75%        
$40,000,000 Credit Facilities | Base Rate | Revolving Facility | Minimum            
Debt Instrument [Line Items]            
Line of credit facility, interest rate   2.75%        
$40,000,000 Credit Facilities | Base Rate | Revolving Facility | Maximum            
Debt Instrument [Line Items]            
Line of credit facility, interest rate   3.75%        
$62,500,000 Revolving Note Payable            
Debt Instrument [Line Items]            
Debt instrument, face amount     62,500,000      
Payments of revolving notes payable     62,500,000      
Accrued interest paid     $ 198,469      
Line of credit facility, interest rate description     Base rate was defined as the greater of the Prime Rate on the date of the borrowing and the Federal Funds Effective Rate plus 0.5%. Interest on Base Rate Loans were payable monthly, LIBOR Rate loans were payable at the end of the selected interest rate.      
Line of credit, maturity date     May 01, 2016      
Amortization of deferred financing costs and loan discount     $ 311,458      
$62,500,000 Revolving Note Payable | LIBOR Rate            
Debt Instrument [Line Items]            
Line of credit facility, interest rate     3.25%      
$62,500,000 Revolving Note Payable | Base Rate            
Debt Instrument [Line Items]            
Line of credit facility, interest rate     2.25%      
$62,500,000 Revolving Note Payable | Federal Funds Effective Rate            
Debt Instrument [Line Items]            
Line of credit facility, interest rate     0.50%      
$15,000,000 Revolving Note Payable            
Debt Instrument [Line Items]            
Notes payable     $ 15,000,000      
$2,000,000 Convertible Stockholder Note            
Debt Instrument [Line Items]            
Debt instrument, face amount           $ 2,000,000
Convertible notes issuance price as percentage of face value           98.00%
$2,000,000 Convertible Stockholder Note | Redeemable Preferred Stock Series C            
Debt Instrument [Line Items]            
Debt note convertible conversion price           $ 5.25