Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Details Narrative)

v3.7.0.1
Notes Payable (Details Narrative) - USD ($)
$ in Thousands
Nov. 03, 2015
Jun. 30, 2017
Dec. 31, 2016
Principle amount   $ 5,000 $ 5,000
Green Bank [Member]      
Principle amount $ 10,000 $ 10,000  
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), a maximum debt-to-net worth ratio of 1.0 to 1.0 and a minimum current ratio of 1.5 to 1.0. AMR was in compliance with all but the minimum debt service coverage ratio covenant.

   
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.

   
Term of the loan 21 years    
Green Bank [Member] | Minimum [Member]      
Interest rate 2.00%    
Green Bank [Member] | Maximum [Member]      
Interest rate 6.00%