Note payable

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Note payable

Note 8

Notes Payable:

	December 31,
	2018			2017
Installment note	$	454		$	459
Short-term note		501			773
		955			1,232
Less: current portion		(506	)		(778	)
Notes payable, long-term	$	449		$	454

Following the Initial Closing of the Contribution Agreement (see also Note 5), the Company assumed an installment note dated April 7, 2015 made by FCOP in favor of George Zambelli in the original principal amount of $470 (the “Note”) and a Long Form Deed of Trust and Assignment of Rents dated April 7, 2015 between FCREI, as trustor, Fidelity National Title Company, as trustee and George Zambelli, as beneficiary which secures the Note. The Note carries a per annum interest rate of 8% which is payable on a monthly basis from the Initial Closing. As of December 31, 2018, the Note amounted to $454 ($449 out of which is classified as non-current note payable) and has a maturity date of April 10, 2020.

During 2017, the Company entered into a note for $1,325 with a previous vendor for payment of its outstanding liabilities. The note carries a per annum interest rate of 10%. Due to its reduced cash flow, the Company ceased payment under the note in July 2018 and the unpaid principal balance was $663 as of December 31, 2017.