Notes Payable (Details Narrative) - USD ($) $ in Thousands |
Nov. 03, 2015 |
Sep. 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. |
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| 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. |
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| 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. |
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| Term of the loan | 21 years | ||
| Green Bank [Member] | Minimum [Member] | |||
| Interest rate | 2.00% | ||
| Green Bank [Member] | Maximum [Member] | |||
| Interest rate | 6.00% |