Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Details Narrative)

v3.5.0.2
Notes Payable (Details Narrative) - Green Bank [Member] - USD ($)
$ in Thousands
Nov. 03, 2015
Jun. 30, 2016
Debt face amount $ 10,000 $ 10,000
Term of the loan 21 years  
Interest rate terms

The first twelve months, only interest is payable and thereafter monthly payments of interest and principal are due.

 
Description of covenant loan

AMR must maintain a minimum debt service coverage ratio of 1.25 to 1.0 (beginning with the twelve-month period ending March 31, 2017).

 
Collateral amount of loan $ 1,000  
Description of collateral loan

The loan is guaranteed by the United States Department of Agriculture Rural Development (“USDA”), in the amount of 90% of the principal amount of the loan. The Company paid a guarantee fee to the USDA in the amount of $270,000 at the time of closing and will be required to pay to the USDA an annual fee in the amount of 0.50% of the guaranteed portion of the outstanding principal balance of the loan as of December 31 of each year.

 
Minimum [Member]    
Interest rate 2.00%  
Maximum [Member]    
Interest rate 6.00%