XML 73 R61.htm IDEA: XBRL DOCUMENT v3.5.0.2
Series A Redeemable Convertible Preferred Stock (Details Narrative) - USD ($)
1 Months Ended 9 Months Ended
Sep. 16, 2013
Jul. 31, 2016
May 31, 2016
Jan. 31, 2016
Sep. 30, 2016
Dec. 31, 2015
Sep. 30, 2015
Sep. 13, 2013
Class of Stock [Line Items]                
Series A redeemable convertible preferred stock issued         900,000 900,000    
Series A redeemable convertible preferred stock, par value         $ 0.001 $ 0.001    
Series A redeemable convertible preferred stock, purchase consideration (in millions)         $ 9,000,000 $ 9,000,000    
Consecutive trading days, convertible debt threshold         60 days      
Minimum percentage of common stock price to conversion price to determine eligibility of conversion through 60 consecutive trading days         250.00%      
Threshold of stock price trigger, percentage         225.00%      
Daily trading volume         25.00%      
Consecutive days         20 days      
Series A redeemable convertible preferred stock, financing proceeds threshold         $ 5,000,000      
Redeemable Convertible Preferred Stock Redemption Price Upon Fundamental Sale, Percentage of Per Share Purchase Price         250.00%      
Redeemable Convertible Preferred Stock, Redemption Price Upon Fundamental Sale, Value         $ 22,500,000      
Redeemable Convertible Preferred Stock, Redemption Price Upon Fundamental Sale, Per Share Purchase Price         $ 2.56      
Upon certain triggering events holders can redeem         100.00%      
Basis spread on Series A redeemable convertible preferred stock dividend, percentage         5.00%      
Series A redeemable convertible preferred, stock dividend rate description         Holders of the Series A redeemable convertible preferred stock are entitled to receive quarterly dividends at the Prime Rate (Wall Street Journal Eastern Edition) plus 5% (up to a maximum amount of 10%)      
Series A redeemable convertible preferred stock dividend, minimum cash flow requirement         $ 1,000,000.0      
Shares issued for Series A redeemable convertible preferred stock dividends   186,062 143,737 103,200        
Undistributed Series A redeemable convertible preferred stock dividends         $ 194,012   $ 377,690  
Stock Price (in dollars per share)               $ 1.23
Voting power               7,317,073
Percentage of accounts receivable         80.00%      
Accounting treatment for temporary equity         The Company has classified the Series A redeemable convertible preferred stock as temporary equity in the financial statements as it is subject to redemption at the option of the holder under certain circumstances.      
Series A redeemable convertible preferred stock                
Class of Stock [Line Items]                
Series A redeemable convertible preferred stock issued 900,000              
Series A redeemable convertible preferred stock, par value $ 0.001              
Series A redeemable preferred stock price per share $ 10              
Series A redeemable convertible preferred stock, purchase consideration (in millions) $ 9,000,000              
Series A redeemable convertible preferred stock, conversion price $ 1.02488              
Net proceeds from issuance of Series A redeemable convertible preferred stock $ 8,700,000              
Series A redeemable convertible preferred stock | Prime rate                
Class of Stock [Line Items]                
Series A redeemable convertible preferred stock, basis spread of dividend         10.00%      
Basis spread on Series A redeemable convertible preferred stock dividend, percentage         5.00%      
Increase of dividend rate each six months stock remains unredeemed         1.00%      
Maximum | Prime rate                
Class of Stock [Line Items]                
Maximum dividend rate         10.00%      
Maximum | Series A redeemable convertible preferred stock | Prime rate                
Class of Stock [Line Items]                
Maximum dividend rate         19.00%