Debt (Tables)

6 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following table summarizes the Company's outstanding debt:

(in thousands)	June 30, 2018			December 31, 2017
2016 Credit and Security Agreement	$	5,766		$	10,015
Term Loans	11,860			8,500
Discount on Term Loans	(467		)	(631		)
Unamortized debt issuance costs related to Term Loans	(174		)	(220		)
Subordinated Promissory Note, net	1,575			1,543
Capital Leases	23			107
Total debt	18,583			19,314
Short-term portion	(18,583		)	(19,314		)
Total long-term debt	$	—		$	—

Schedule of Components of Interest Expense

The following table summarizes the components of interest expense:

	Three Months Ended					Six months ended
	June 30,					June 30,
(in thousands)	2018			2017		2018			2017
Interest expense on Term Loans (effective interest rate at June 30, 2018 and 2017 was 31% and 15%, respectively)	$	458		$	179	$	807		$	317
Interest expense on 2016 Credit and Security Agreement	174			117		347			198
Interest expense on Subordinated Promissory Note	39			23		78			23
Interest expense on Seasonal Facility	—			23		—			23
Interest expense on Capital Leases	—			2		5			2
Interest expense, other	—			2		—			2
Accretion of termination fees (over term of Term Loan at rate of 8%)	49			98		160			140
Amortization of debt issuance costs	77			79		152			219
Amortization of debt discount associated with SWK Warrants #1 and #2 (defined below)	87			170		164			537
Amortization of Subordinated Promissory Note Discount	17			—		32			—
Mark to market of SWK Warrant #2 (defined below)	(122		)	—		(80		)	—
Total	$	779		$	693	$	1,665		$	1,461

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	Twelve	Twelve	Twelve	Twelve
Period Ended	June 30, 2018	September 30, 2018	December 31, 2018	each fiscal quarter thereafter
	$70,000	$71,000	$74,000	$75,000
	Minimum Adjusted EBITDA as of the end of:
Months Ending	Twelve	Twelve	Twelve	Twelve
Period Ended	June 30, 2018	September 30, 2018	December 31, 2018	each fiscal quarter thereafter
	$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	Twelve	Twelve	Twelve	Twelve
Period Ended	June 30, 2018	September 30, 2018	December 31, 2018	each fiscal quarter thereafter
	$70,000	$71,000	$74,000	$75,000
	Minimum Adjusted EBITDA as of the end of:
Months Ending	Twelve	Twelve	Twelve	Twelve
Period Ended	June 30, 2018	September 30, 2018	December 31, 2018	each fiscal quarter thereafter
	$5,200	$6,000	$8,000	$9,000
	Minimum Consolidated Unencumbered Liquid Assets as of:
	The end of each fiscal quarter
	$1,000