Quarterly report pursuant to Section 13 or 15(d)

Line of Credit (Details Narrative)

v3.21.1
Line of Credit (Details Narrative) - Loan and Security Agreement [Member] - Pinnacle Bank [Member]
$ in Thousands
 3 Months Ended
Mar. 31, 2021
USD ($)
Proceeds from advanced on revolving credit facility
Line of credit remaining borrowing capacity $ 2,536
Line of credit facility, initial expiration date Sep. 30, 2022
Line of credit facility, additional renewal term 1 year
Line of credit facility, description The Loan Agreement provides for a revolving credit facility under which Pinnacle may make advances to the Company, subject to certain limitations and adjustments, of up to (a) 85% of the aggregate net face amount of the Company's accounts receivable and other contract rights and receivables, plus (b) the lesser of (i) 35% of the lower of cost or wholesale market value of certain inventory of the Company or (ii) $2,500.
Line of credit facility, maximum borrowing capacity $ 4,000
Line of credit facility, interest rate description Interest accrues on the daily balance at a rate of 1.25% above the prime rate, but in no event less than 3.75% per annum. Interest on the portion of the daily balance consisting of advances against inventory accrues interest at a rate of 2.25% above the prime rate, but in no event less than 4.75% per annum.
Line of credit facility, fee percentage 1.125%
Standard Interest Rate [Member]  
Line of credit facility, interest rate during period 1.25%
Standard Interest Rate [Member] | Maximum [Member]  
Line of credit facility, interest rate during period 3.75%
Inventory Interest Rate [Member]  
Line of credit facility, interest rate during period 2.25%
Inventory Interest Rate [Member] | Maximum [Member]  
Line of credit facility, interest rate during period 4.75%