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Loan and Security Agreement (Details Textuals) (Loan Agreement, Silicon Valley Bank, USD $)
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6 Months Ended |
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Jun. 30, 2012
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Loan Agreement | Silicon Valley Bank
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| Line of Credit Facility [Line Items] | |
| Maximum access of financing under Loan and security agreement | $ 15,000,000 |
| Loan Agreement, covenant terms | Advances under the Loan Agreement cannot exceed a borrowing base limit calculated using (A) an advanced rate of 80% on the Company's eligible accounts receivable and (B) an advanced rate of 25% on the Company's eligible inventory (subject to a limit of the lesser of (a) $3 million and (b) 30% of all outstanding advances), subject to certain reserves established by SVB and other adjustments. |
| Advanced rate of accounts receivable | 80.00% |
| Advanced rate of inventory | 25.00% |
| Inventory | 3,000,000 |
| Outstanding advances | 30.00% |
| Loan agreement, interest rate description | Interest on advances of credit under the Loan Agreement for: (i) financed accounts receivables are equal to (a) SVB's prime rate, which is currently 3.25% per annum, plus 3.0% per annum or (b) if the Company maintains at all times during any month an adjusted quick ratio of 2.0 to 1.0, then SVB's prime rate plus 1.50% per annum; and (ii) financed inventory is equal to (a) SVB's prime rate plus 5.25% per annum or (b) if the Company maintains at all times during any month an adjusted quick ratio of 2.0 to 1.0, then SVB's prime rate plus 3.25% per annum. The minimum monthly interest charge is $6,000 per month. The Loan Agreement will be used by the Company to support its current working capital needs. |
| Financed accounts receivables interest rate description | Silicon Valley Bank's Prime Rate |
| Silicon Valley Bank's prime rate for accounts receivables | 3.25% |
| Addition to prime rate for accounts receivable | 3.00% |
| Maximum adjusted quick ratio for financing accounts receivable | 2.0 |
| Minimum adjusted quick ratio for financing accounts receivable | 1.0 |
| Addition to prime rate for inventory | 1.50% |
| Financed inventory interest rate description | Silicon Valley Bank's Prime Rate |
| Financed inventory SVB's prime rate | 5.25% |
| Maximum adjusted quick ratio for financing inventory | 2.0 |
| Minimum adjusted quick ratio for financing inventory | 1.0 |
| Silicon Valley Bank's accounts receivables prime rate for inventory | 3.25% |
| Minimum monthly interest charge | 6,000 |
| Maximum adjusted quick ratio for financing | 1.50 |
| Minimum adjusted quick ratio for financing | 1.0 |
| Amount subject to judgments, claims or liabilities individually or in aggregate | 150,000 |
| Early termination fee | $ 150,000 |
| Terminated prior to | Mar. 29, 2013 |