Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Schedule of Outstanding Borrowings

Our outstanding debt consisted of the following:

	December 31,
(in thousands)	2017			2016
2016 Credit and Security Agreement	$	10,015		$	3,603
Term Loan	8,500			3,676
Discount on Term Loan	(631		)	(1,122		)
Unamortized debt issuance costs related to Term Loan	(220		)	(336		)
Subordinated Promissory Note, net	1,543			—
Capital Leases	107			—
Total debt	19,314			5,821
Short-term portion	(19,314		)	(5,821		)
Total long-term debt, net	$	—		$	—

Schedule of Components of Interest Expense

The following table summarizes the components of interest expense for the years ended December 31, 2017 and 2016:

	December 31,
(in thousands)	2017			2016
Interest expense on Term Loan (a)	$	883		$	658
Interest expense on 2013 Loan and Security Agreement	—			48
Interest expense on 2016 Credit and Security Agreement	601			311
Interest expense on Seasonal Facility	138			—
Interest expense on Subordinated Promissory Note	101			—
Interest expense on Capital Leases	8			—
Interest expense, other	6			—
Accretion of termination fees (over term of Term Loan at rate of 8%)	441			187
Amortization of debt issuance costs	351			362
Write-off of debt issuance costs related to 2013 Loan and Security Agreement	—			282
Amortization of debt discount associated with SWK Warrants #1 and #2 (defined below)	691			1,663
Amortization of Subordinated Debt discount	38			—
Mark to market of SWK Warrant #2 (defined below)	(63		)	59
Total	$	3,195		$	3,570

^(a) As of December 31, 2017 and 2016, the effective interest rate was 28% and 15%, respectively.

Schedule of Debt Covenant Compliance

The covenants are summarized in the tables below and are on a pro forma basis as if the Merger with PHS happened as of April 1, 2017:

(in thousands)	Minimum Aggregate Revenue (LTM) as of the end of:
Months Ending	Nine	Twelve	Twelve	Twelve	Twelve	Twelve
Period Ended	December 31, 2017	March 31, 2018	June 30, 2018	September 30, 2018	December 31, 2018	each fiscal quarter thereafter
	$53,000	$69,000	$70,000	$71,000	$74,000	$75,000
	Minimum Adjusted EBITDA as of the end of:
Months Ending	Twelve	Twelve	Twelve	Twelve	Twelve	Twelve
Period Ended	December 31, 2017	March 31, 2018	June 30, 2018	September 30, 2018	December 31, 2018	each fiscal quarter thereafter
	$3,000	$5,000	$5,200	$6,000	$8,000	$9,000
	Minimum Consolidated Unencumbered Liquid Assets as of:
	The end of each fiscal quarter
	$1,000

The covenants are summarized in the tables below and are on a pro forma basis as if the Merger with PHS happened as of April 1, 2017:

(in thousands)	Minimum Aggregate Revenue (LTM) as of the end of:
Months Ending	Nine	Twelve	Twelve	Twelve	Twelve	Twelve
Period Ended	December 31, 2017	March 31, 2018	June 30, 2018	September 30, 2018	December 31, 2018	each fiscal quarter thereafter
	$53,000	$69,000	$70,000	$71,000	$74,000	$75,000
	Minimum Adjusted EBITDA as of the end of:
Months Ending	Twelve	Twelve	Twelve	Twelve	Twelve	Twelve
Period Ended	December 31, 2017	March 31, 2018	June 30, 2018	September 30, 2018	December 31, 2018	each fiscal quarter thereafter
	$3,000	$5,000	$5,200	$6,000	$8,000	$9,000
	Minimum Consolidated Unencumbered Liquid Assets as of:
	The end of each fiscal quarter
	$1,000