XML 36 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
LONG TERM DEBT AND NOTES PAYABLE TO BANK (Promissory Notes) (Details) (USD $)
0 Months Ended 3 Months Ended 6 Months Ended 0 Months Ended 0 Months Ended 6 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended
Jun. 30, 2014
Dec. 31, 2013
Jun. 30, 2014
Revolving Credit Facility [Member]
Note Three [Member]
Dec. 31, 2013
Revolving Credit Facility [Member]
Note Three [Member]
Jun. 13, 2014
Revolving Credit Facility [Member]
Revolving Loan [Member]
Jun. 30, 2014
Revolving Credit Facility [Member]
Revolving Loan [Member]
Jun. 30, 2014
Revolving Credit Facility [Member]
Revolving Loan [Member]
Jun. 13, 2014
Revolving Credit Facility [Member]
Revolving Loan [Member]
Feb. 21, 2014
Revolving Credit Facility [Member]
Seventh Amendment [Member]
Jun. 13, 2014
Notes Payable to Banks [Member]
Term Loan [Member]
Jun. 13, 2014
Notes Payable to Banks [Member]
Term Loan [Member]
installmenrs
Oct. 15, 2013
WESSCO, LLC [Member]
Notes Payable to Banks [Member]
KY Bank Notes [Member]
Rate
Jun. 30, 2014
WESSCO, LLC [Member]
Notes Payable to Banks [Member]
KY Bank Notes [Member]
Rate
Oct. 15, 2013
WESSCO, LLC [Member]
Notes Payable to Banks [Member]
WESSCO Term Note [Member]
installment
Jun. 30, 2014
WESSCO, LLC [Member]
Notes Payable to Banks [Member]
WESSCO Term Note [Member]
Oct. 15, 2013
WESSCO, LLC [Member]
Revolving Credit Facility Converting to Note Payable [Member]
WESSCO Line of Credit Note [Member]
installment
Jun. 30, 2014
WESSCO, LLC [Member]
Revolving Credit Facility Converting to Note Payable [Member]
WESSCO Line of Credit Note [Member]
Oct. 15, 2013
WESSCO, LLC [Member]
Long-term Debt [Member]
Loans Payable [Member]
Company Note [Member]
Jun. 30, 2014
WESSCO, LLC [Member]
Long-term Debt [Member]
Loans Payable [Member]
Company Note [Member]
Rate
Jun. 13, 2014
Letter of Credit [Member]
Revolving Credit Facility [Member]
Revolving Loan [Member]
Debt Instrument [Line Items]                                        
Maximum revolving commitment     $ 15,000,000 $ 25,000,000       $ 15,000,000               $ 1,000,000       $ 1,000,000
Percent of eligible inventory accounts receivable               85.00%                        
Percent of eligible inventory               65.00%                        
Current borrowing capacity               1,300,000                        
Basis spread on variable rate         3.00%         3.25%   3.50%           3.50%    
Interest rate increase                   2.00%                    
Fixed charge coverage ratio         1.25 1.25 1.50                          
Decrease in line of credit facility         (1,000,000)                              
Number of monthly installments                     60     60   60        
Face amount                     2,800,000     3,000,000       3,000,000    
Number of promissory notes                       2   1   1        
Proceeds from debt                           3,000,000            
Fixed charge coverage ratio, KY Bank Notes                       1.15                
Description of variable rate basis                 one month LIBOR     one month LIBOR           one month LIBOR    
Interest rate at end of period                         3.65%           3.65%  
Basis spread increase (decrease) in event of default                       5.00%                
Principal payment, first year                           45,300            
Principal payment, second year                           47,500            
Principal payment, third year                           49,900            
Principal payment, fourth year                           52,400            
Principal payment, fifth year                           54,400            
Outstanding balance 16,779,000 17,892,000 0 12,755,000                     2,600,000   307,700      
Draw period                               12        
Fee to bank                       20,000                
Loan origination fee                         $ 125,000