REVOLVING CREDIT FACILITY (Details Narrative) - Gerber Finance Inc ("Gerber") [Member] - Revolving Credit Facility [Member] - Revolving loan agreement [Member] - USD ($)
$ in Thousands

1 Months Ended

3 Months Ended

4 Months Ended

Jul. 31, 2017

Sep. 30, 2015

Sep. 30, 2017

Sep. 30, 2017

Maximum revolving amount

$ 1,400

$ 1,400

$ 65

$ 65

Revolving credit facility

310

310

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%.

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.

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%

8.00%

Percentage of fees

2.50%

2.50%

Interest expences

$ 35

$ 49