Financing Agreements - Payables (Details Narrative) |
1 Months Ended | 12 Months Ended | ||||
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Nov. 30, 2013 |
Oct. 31, 2013
USD ($)
integer
|
Dec. 31, 2011
USD ($)
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Apr. 30, 2015
USD ($)
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Apr. 30, 2014
USD ($)
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Nov. 06, 2013
USD ($)
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Financing Agreements (Textual) [Abstract] | ||||||
Net proceeds from sale of common stock and warrants | $ 365,000 | $ 1,561,000 | ||||
Sale leaseback, gain on sale of assets | (71,000) | |||||
Sale leaseback, portion of deferred gain in accrued liabilities | 282,000 | 929,000 | ||||
Sale leaseback, portion of deferred gain in other long term liabilities | 179,000 | 250,000 | ||||
Rosenthal and Rosenthal Financing Agreement | ||||||
Financing Agreements (Textual) [Abstract] | ||||||
Formula-based secured debt financing capacity | 3,500,000 | $ 3,500,000 | ||||
Financing agreement, maturity date | Nov. 30, 2016 | |||||
Financing agreement, amount outstanding | 3,091,000 | $ 3,327,000 | ||||
Financing agreement, borrowed amounts under line of credit | $ 2,109,000 | |||||
Borrowings, collateral, description | Borrowings under the Financing Agreement are collateralized by substantially all the assets of the Company. | |||||
Interest rate, description | Loans outstanding under the Financing Agreement bear interest at a rate of the Prime Rate (as defined in the Financing Agreement) plus 3.25% (the "Effective Rate") or on Over-advances (as defined in the Financing Agreement), if any, at a rate of the Effective Rate plus 3%. | |||||
Loan facility, borrowing capacity, description | On April 29, 2014, the Company entered into an amendment (the Amendment) to the Financing Agreement. The Amendment provides for advances against inventory balances based on prescribed formulas of raw materials and finished goods. | |||||
Credit facility, covenant terms | The Financing Agreement contains other financial and restrictive covenants, including, among others, covenants limiting our ability to incur indebtedness, guarantee obligations, sell assets, make loans, enter into mergers and acquisition transactions and declare or make dividends. | |||||
Weighted average interest rate | 8.50% | 9.40% | ||||
Mr. Sheerr | Note and Security Agreement | ||||||
Financing Agreements (Textual) [Abstract] | ||||||
Formula-based secured debt financing capacity | $ 2,000,000 | |||||
Financing agreement, borrowed amounts under line of credit | $ 2,000,000 | |||||
Interest rate, description | The Company was obligated to pay monthly interest equal to 10% per annum calculated on a 360 day year of the outstanding loan balance. | The Company was obligated to pay monthly interest equal to 10% per annum calculated on a 360 day year of the outstanding loan balance. | ||||
Loan facility, borrowing capacity, description | The Company was obligated to pay monthly interest equal to 10% per annum calculated on a 360 day year of the outstanding loan balance. Principal was payable in 29 equal monthly installments of $33,333, beginning on November 15, 2013 and subsequently on the 15th day of each month thereafter, until paid in full. | On April 30, 2014 the note was paid in full. | ||||
Frequency of periodic payment | Monthly | |||||
Number of installments | integer | 29 | |||||
Date of first required payment, principal amount | Nov. 15, 2013 | |||||
Proceeds from sale of equipment and furniture | $ 500,000 | |||||
Repayment of Note | $ 500,000 | |||||
Sale leaseback transaction, lease terms | The Company entered into an agreement with Mr. Sheerr to leaseback the equipment and furniture that was sold to Mr. Sheerr on October 31, 2013. The lease is for a term of 60 months and the Company is obligated to pay approximately $7,500 per month for the term of the lease. The Company has an option to extend the lease for an additional 2 year period. | |||||
Sale leaseback, monthly rental payments | $ 7,500 | |||||
Sale leaseback, gain on sale of assets | 139,000 | |||||
Sale leaseback, deferred gain | 322,000 | |||||
Sale leaseback, portion of deferred gain in accrued liabilities | $ 72,000 | $ 72,000 | ||||
Sale leaseback, portion of deferred gain in other long term liabilities | $ 179,000 | 250,000 | ||||
Amount borrowed under agreement | 966,667 | |||||
Principal amount due per month | $ 33,333 | $ 33,333 | ||||
Interest expense | $ 122,000 |