Subsequent Event - Subsequent Event
|
Apr. 02, 2018
USD ($)
item
$ / shares
|
| Merger agreement information |
|
| Cash paid to common shareholders per merger (in dollars per share) | $ / shares |
$ 1.27
|
| Penalty loan to be received from Parent |
$ 1,000,000
|
| Agreement Termination By Company To Enter Alternative Acquisition Agreement |
|
| Merger agreement information |
|
| Termination fee due by Company |
150,000
|
| Agreement Termination By Company In Circumstances In Merger Agreement |
|
| Merger agreement information |
|
| Termination fee due by Company |
$ 500,000
|
| Subordinated Loans |
|
| Debt instruments |
|
| Number of principle payments required prior to maturity | item |
0
|
| Number of principle payments permitted prior to the first anniversary of the loan closing date | item |
0
|
| Interest rate above the otherwise applicable rate to be charged upon event of default |
2.50%
|
| Bridge Loan |
|
| Debt instruments |
|
| Principal amount of loan |
$ 2,000,000
|
| Paid-in-kind rate above prime rate |
2.00%
|
| Penalty loan |
|
| Debt instruments |
|
| Paid-in-kind rate above prime rate |
5.00%
|
| Prime Rate | Bridge Loan |
|
| Debt instruments |
|
| Per annum cash rate over variable rate |
8.00%
|