Annual report pursuant to Section 13 and 15(d)

Term Loans (Tables)

v3.6.0.2
Term Loans (Tables)
12 Months Ended
Dec. 31, 2016
Bank Debt / Term Loans [Abstract]  
Schedule of Components of long term debt
    December 31,  
    2016     2015  
Former owners of RM Leasing, unsecured, non-interest bearing, due on demand   $ 2     $ 3  
                 
Promissory note with company under common ownership by former owner of Tropical, 9.75% interest, monthly payments of interest only of $1, unsecured and personally guaranteed by officer, matured in November 2016     106       106  
                 
Term loan, White Oak Global Advisors, LLC, originally maturing in February 2019 and paid during February of 2016, interest of 12% with 2% paid-in-kind interest, net of debt discount of $366     -       10,938  
                 
8% convertible promissory note, London Bay - VL Holding Company, LLC, unsecured, maturing October 2017     7,408       7,408  
                 
8% convertible promissory note, WV VL Holding Corp., unsecured, maturing October 2017     7,003       7,003  
                 
8% convertible promissory note, Tim Hannibal, unsecured, maturing October 2017     1,215       1,215  
                 
Promissory note, 12% interest, unsecured, Dominion Capital, matured in May 2016, net of debt discount of $9     -       748  
                 
12% senior convertible note, unsecured, Dominion Capital, matured in January 2017, net of debt discount of $29 and $507, respectively     1,170       1,599  
                 
12% senior convertible note, unsecured, Dominion Capital, matured in November 2016, net of debt discount of $173     -       352  
                 
12% senior convertible note tranche 1, unsecured, Dominion Capital, matured in January 2016, net of debt discount of $15     -       235  
                 
12% senior convertible note tranche 2, unsecured, Dominion Capital, matured in February 2016, net of debt discount of $80     -       253  
                 
12% senior convertible note tranche 3, unsecured, Dominion Capital, matured in March 2016, net of debt discount of $55     -       445  
                 
12% convertible note, Richard Smithline, unsecured, matured in January 2017, net of debt discount of $2 and $107, respectively     360       419  
                 
Senior secured convertible debenture, JGB (Cayman) Waltham Ltd., bearing interest of 4.67%, maturing in May 2019, net of debt discount of $3,136 and $4,179, respectively     1,900       3,321  
                 
Senior secured convertible note, JGB (Cayman) Concord Ltd., bearing interest at 4.67%, maturing in May 2019, net of debt discount of $1,668     2,080       -  
                 
Senior secured note, JGB (Cayman) Waltham Ltd., bearing interest at 4.67%, maturing in May 2019, net of debt discount of $234     358       -  
                 
12% senior convertible note, unsecured, Dominion Capital, maturing in November 2017, net of debt discount of $65     475       -  
                 
Receivables Purchase Agreement with Dominion Capital, net of debt discount of $44     430       -  
                 
Promissory note issued to Trinity Hall, 3% interest, unsecured, maturing in January 2018 (reclassified from related party notes during 2016 - refer to the assignment paragraphs later within this footnote and Note 18, Related Parties)     500       -  
      23,007       34,045  
Less: Current portion of term loans     (21,147 )     (3,787 )
                 
Long-term portion term loans, net of debt discount   $ 1,860     $ 30,258
Schedule of future annual principal payments of term loan
Year ending December 31,      
2017   $ 24,684  
2018     2,533  
2019     968  
         
Total principal payments   $ 28,185  
Schedule of future annual amortization of debt discounts
Year ending December 31,      
2017   $ 3,537  
2018     1,641  
         
Total debt discount amortization   $ 5,178  
 
Schedule of issuances exchanges and amortization payments related to promissory notes
Date of Issuance   November 17, 2014     May 14,
2015
    August 6, 2015     November 12, 2015     November 13, 2015     November 27, 2015     December 11, 2015     September 15, 2016     November 4, 2016     November 18, 2016     December 30, 2016     Total Principal  
                                                                         
Principal Amount   $ 1,000     $ 1,000     $ 2,105     $ 525     $ 500     $ 500     $ 500     $ 500     $ 540     $ 1,000     $ 430          
                                                                                                 
Principal balance at January 1, 2015     1,000       -       -       -       -       -       -                                       1,000  
                                                                                                 
May 14, 2015 - Conversion to common stock     (1,000 )     -       -       -       -       -       -       -       -       -       -       (1,000 )
May 14, 2015 - Issuance     -       1,000       -       -       -       -       -       -       -       -       -       1,000  
August 6, 2015 - Amendment     -       60       -       -       -       -       -       -       -       -       -       60  
August 6, 2015 - Issuance     -       -       2,105       -       -       -       -       -       -       -       -       2,105  
November 12, 2015 - Issuance     -       -       -       525       -       -       -       -       -       -       -       525  
November 13, 2015 - Exchange of GPB Life Science Holdings, LLC note     -       -       -       -       500       -       -       -       -       -       -       500  
November 20, 2015 - Amortization payment     -       (151 )     -       -       -       -       -       -       -       -       -       (151 )
November 23, 2015 - Amortization payment     -       -       -       -       (83 )     -       -       -       -       -       -       (83 )
November 27, 2015 - Exchange of GPB Life Science Holdings, LLC note     -       -       -       -       -       500       -       -       -       -       -       500  
December 1, 2015 - Amortization payment     -       (151 )     -       -       -       -       -       -       -       -       -       (151 )
December 7, 2015 - Amortization payment     -       -       -       -       (83 )     -       -       -       -       -       -       (83 )
December 11, 2015 - Exchange of GPB Life Science Holdings, LLC note     -       -       -       -       -       -       500       -       -       -       -       500  
December 14, 2015 - Amortization payment     -       -       -       -       -       (83 )     -       -       -       -       -       (83 )
December 21, 2015 - Amortization payment     -       -       -       -       (83 )     -       -       -       -       -       -       (83 )
December 28, 2015 - Amortization payment     -       -       -       -       -       (83 )     -       -       -       -       -       (83 )
                                                                                                 
Principal balance at December 31, 2015   $ -     $ 758     $ 2,105     $ 525     $ 251     $ 334     $ 500     $ -     $ -     $ -     $ -     $ 4,473  
                                                                                                 
January 2016 - Amortization payments     -       -       -       -       (167 )     (167 )     (250 )     -       -       -       -       (584 )
February 2016 - Amortization payments     -       (151 )     (117 )     -       (84 )     (167 )     (167 )     -       -       -       -       (686 )
March 2016 - Amortization payments     -       (455 )     (117 )     -       -       -       (83 )     -       -       -       -       (655 )
April 2016 - Amortization payments     -               (117 )     -       -       -       -       -       -       -       -       (117 )
June 2016 - Amortization payments     -       (152 )     -       -       -       -       -       -       -       -       -       (152 )
July 2016 - Amortization payments     -       -       (117 )     (88 )     -       -       -       -       -       -       -       (205 )
August 2016 - Amortization payments     -       -       -       (131 )     -       -       -       -       -       -       -       (131 )
September 15, 2016 - Issuance     -       -       -       -       -       -       -       500       -       -       -       500  
September 2016 - Amortization payments     -       -       (117 )     -       -       -       -       -       -       -       -       (117 )
October 2016 - Amortization payments     -       -       (175 )     -       -       -       -       -       -       -       -       (175 )
November 4, 2016 - Issuance (exchange agreement)     -       -       -       -       -       -       -       (500 )     540       -       -       40  
November 15, 2016 - Issuance (receivables purchase agreement #1)     -       -       -       -       -       -       -       -       -       1,000       -       1,000  
November 2016 - Receivables collected and remitted (receivables purchase agreement #1)     -       -       -       -       -       -       -       -       -       (536 )     -       (536 )
November 2016 - Amortization payments     -       -       (117 )     (88 )     -       -       -       -       -       -       -       (205 )
December 2016 - Receivables collected and remitted (receivables purchase agreement #1)     -       -       -       -       -       -       -       -       -       (464 )     -       (464 )
December 30, 2016 - Issuance (receivables purchase agreement #2)     -       -       -       -       -       -       -       -       -       -       474       474  
December 2016 - Amortization payments     -       -       (30 )     (218 )     -       -       -       -       -       -       -       (247 )
                                                                                                 
Principal balance at December 31, 2016   $ -     $ -     $ 1,198     $ -     $ -     $ -     $ -     $ -     $ 540     $ -     $ 474     $ 2,213