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REVOLVING CREDIT FACILITY (Details Narrative) - Gerber Finance Inc ("Gerber") [Member] - Revolving Credit Facility [Member] - Revolving loan agreement [Member] - USD ($)
$ in Thousands
1 Months Ended
Jun. 30, 2017
Sep. 30, 2015
Maximum revolving amount   $ 1,400
Revolving credit facility $ 612 $ 100
Description of facility interest rate  

Microphase is subject to an annual facility fee in an amount equal to 1.75% of the Maximum Revolving Amount due on each anniversary, a monthly collateral monitoring fees of $1 and other fees. Interest accrues at the prime rate plus three and three-quarters percent (3.75%) on the unpaid principal. Effective June 15, 2017, the prime rate was increased from 4.00% to 4.25% resulting in a base rate of 8.00%.

Discription of collateral fees  

If borrowings under the Revolving Credit Facility exceed the collateral borrowing base, then Microphase is subject to an additional 2.5% interest charge per month on the over-advance amounts and a separate additional

charge of 2.5% if borrowings exceed the Maximum Revolving Amount.

Interest rate during period   8.00%
Percentage of fees   2.50%
Collateral amount 70  
Interest expences $ 14