|6 Months Ended|
Jun. 30, 2018
|Subsequent Events [Abstract]|
On July 26, 2018, the Company entered into an amendment to our Revised Loan Agreement with our lender which provided, among other things, for the release of $1,000,000 of the $2,000,000 reduction in borrowing availability that our lender had previously imposed (see “Note 7 – Long Term Debt – Revolving Credit and Term Loan Agreement” for a discussion of the $2,000,000 in reduction in borrowing availability that our lender had previously imposed). The release of this borrowing availability reduction will allow the Company to use the $1,000,000 for working capital purposes. Most of the other terms of the Revised Loan Agreement remain principally unchanged.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef