Blonder Tongue Laboratories (BDRL) 10-Q 13 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 06, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Entity Registrant Name	BLONDER TONGUE LABORATORIES INC
Entity Central Index Key	1,000,683
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	BDR
Entity Common Stock, Shares Outstanding		6,764,736

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash	$ 513	$ 9
Accounts receivable, net of allowance for doubtful accounts of $239 and $239 respectively	3,151	2,432
Inventories	5,574	5,595
Prepaid and other current assets	438	277
Total current assets	9,676	8,313
Inventories, net non-current and reserves	1,308	1,444
Property, plant and equipment, net of accumulated depreciation and amortization	3,503	3,621
License agreements, net	361	458
Intangible assets, net	1,741	1,784
Goodwill	493	493
Other assets	117	117
Total Assets	17,199	16,230
Current liabilities:
Line of credit	2,854	2,664
Current portion of long-term debt	3,548	3,604
Accounts payable	1,999	1,387
Derivative liability	177	0
Accrued compensation	666	388
Accrued benefit pension liability	54	54
Income taxes payable	6	6
Other accrued expenses	308	519
Total current liabilities	9,612	8,622
Subordinated convertible debt with related parties	329	100
Long-term debt	3	10
Deferred income taxes	129	129
Commitments and contingencies	0	0
Stockholders' equity:
Preferred stock, $.001 par value; authorized 5,000 shares; No shares outstanding	0	0
Common stock, $.001 par value; authorized 25,000 shares, 8,465 shares Issued, 6,766 shares outstanding	8	8
Paid-in capital	26,406	26,361
Accumulated deficit	(12,486)	(12,198)
Accumulated other comprehensive loss	(1,168)	(1,168)
Treasury stock, at cost, 1,699 shares	(5,634)	(5,634)
Total stockholders' equity	7,126	7,369
Total Liabilities and Stockholders' Equity	$ 17,199	$ 16,230

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Allowance for doubtful accounts (in dollars)	$ 239	$ 239
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000	5,000
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	25,000	25,000
Common stock, shares issued		8,465
Common Stock, Shares, Outstanding	8,465	6,766
Treasury stock, shares	1,699,000	1,699

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net sales	$ 5,943	$ 4,742
Cost of goods sold	3,735	3,362
Gross profit	2,208	1,380
Operating expenses:
Selling	652	843
General and administrative	1,063	1,056
Research and development	693	804
Total Operating expenses	2,408	2,703
Loss from operations	(200)	(1,323)
Other expense - interest expense (net)	(88)	(92)
Loss before income taxes	(288)	(1,415)
Provision (benefit) for income taxes	0	0
Net loss	$ (288)	$ (1,415)
Basic and diluted net loss per share	$ (0.04)	$ (0.23)
Basic and diluted weighted average shares outstanding	6,765	6,263

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows From Operating Activities:
Net loss	$ (288)	$ (1,415)
Adjustments to reconcile net loss to cash used in operating activities:
Stock-based compensation expense	45	57
Depreciation	120	121
Amortization	144	217
Provision for inventory reserves	48	31
Non cash interest expense	6	0
Changes in operating assets and liabilities:
Accounts receivable	(719)	69
Inventories	109	(451)
Prepaid and other current assets	(161)	(278)
Other assets	0	(30)
Accounts payable, accrued compensation and other accrued expenses	679	1,317
Net cash provided by used in operating activities	(17)	(362)
Cash Flows From Investing Activities:
Capital expenditures	(2)	(132)
Acquisition of licenses	(4)	(1)
Net cash used in investing activities	(6)	(133)
Cash Flows From Financing Activities:
Net borrowings of line of credit	190	426
Borrowings from related parties	400	0
Repayments of debt	(63)	(69)
Net cash provided by financing activities	527	357
Net increase (decrease) in cash	504	(138)
Cash, beginning of period	9	232
Cash, end of period	513	94
Supplemental Cash Flow Information:
Cash paid for interest	76	66
Cash paid for income taxes	$ 0	$ 0

Company and Basis of Consolidat

Company and Basis of Consolidation	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 - Company and Basis of Consolidation Blonder Tongue Laboratories, Inc. (together with its consolidated subsidiaries, the “ Company The results for the first quarter of 2016 are not necessarily indicative of the results to be expected for the full fiscal year and have not been audited. The condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles ( “GAAP”

Liquidity and Going Concern

Liquidity and Going Concern	3 Months Ended
	Mar. 31, 2016
Liquidity and Going Concern [Abstract]
Liquidity and Going Concern [Text Block]	Note 2 – Liquidity and Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business. During the three months ended March 31, 2016, the Company reported a loss from operations and net cash used in operating activities, in conjunction with liquidity constraints. Furthermore, the Company’s Revolver and Term Loan will expire by their terms on June 1, 2016, unless extended. The above factors raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern. In response to lower than expected sales due to a slowdown in market activities experienced during the prior fiscal year, the Company implemented a multi-phase cost-reduction program in 2015 which is expected to reduce annualized expenses by approximately $ 2,850 The Company’s primary sources of liquidity are its existing cash balances, cash generated from operations and amounts available under the Santander Financing and the Subordinated Loan Facility (as such terms are defined in Note 6 below). As of March 31, 2016, the Company had approximately $ 2,854 393 750 250 The Company cannot provide any assurance that it will be able to refinance its current debt obligations. If the Company is unable to refinance, it may be required to take additional measures to reduce costs in order to conserve its cash in amounts sufficient to sustain operations and meet its obligations, which measures may be insufficient to enable the Company to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	Note 3- Summary of Significant Accounting Policies (a) Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. (b) Derivative Financial Instruments The Company evaluates its convertible instruments to determine if those contracts or embedded components of those contracts qualify as derivative financial instruments to be separately accounted for in accordance with Topic 815 of the Financial Accounting Standards Board (“ FASB “ASC The Binomial Lattice Model was used to estimate the fair value of the conversion options that is classified as a derivative liability on the condensed consolidated balance sheets. The model includes subjective input assumptions that can materially affect the fair value estimates. The expected volatility is estimated based on the most recent historical period of time equal to the weighted average life of the conversion options. Conversion options are recorded as a discount to the host instrument and are amortized as interest expense over the life of the underlying instrument. (c) Fair Value of Financial Instruments The Company measures fair value of its financial assets on a three-tier value hierarchy, which prioritizes the inputs, used in the valuation methodologies in measuring fair value: · Level 1 – Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. · Level 2 – Other inputs that are directly or indirectly observable in the marketplace. · Level 3 – Unobservable inputs which are supported by little or no market activity. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The derivative liability is measured at fair value using quoted market prices and estimated volatility factors based on historical quoted market prices for the Company’s common stock, and is classified within Level 3 of the valuation hierarchy. (d) Earnings (loss) Per Share Earnings (loss) per share is calculated in accordance with ASC Topic 260 “Earnings Per Share,” which provides for the calculation of “basic” and “diluted” earnings (loss) per share. Basic earnings (loss) per share includes no dilution and is computed by dividing net earnings by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share reflect, in periods in which they have a dilutive effect, the effect of common shares issuable upon exercise of stock options. The diluted share base excludes incremental shares of 1,924 and 841 related to stock options for the three month periods ended March 31, 2016 and 2015, respectively. These shares were excluded due to their antidilutive effect.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 4 – New Accounting Pronouncements In March, 2016, the Financial Accounting Standards Board ( “FASB” “ASU” ASU 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In March, 2016, the FASB issued ASU 2016-06, Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments

Inventories

Inventories	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Note 5 – Inventories Inventories net of reserves are summarized as follows: March 31, December 31, 2016 2015 Raw Materials $ 4,469 $ 4,820 Work in process 1,963 1,732 Finished Goods 4,788 4,913 11,220 11,465 Less current inventory (5,574) (5,595) 5,646 5,870 Less reserve for slow moving and excess inventory (4,338) (4,426) $ 1,308 $ 1,444 Inventories are stated at the lower of cost, determined by the first-in, first-out (“FIFO”) method, or market. The Company periodically analyzes anticipated product sales based on historical results, current backlog and marketing plans. Based on these analyses, the Company anticipates that certain products will not be sold during the next twelve months. Inventories that are not anticipated to be sold in the next twelve months, have been classified as non-current. Approximately 72% and 73% of the non-current inventories were comprised of finished goods at both March 31, 2016 and December 31, 2015, respectively. The Company has established a program to use interchangeable parts in its various product offerings and to modify certain of its finished goods to better match customer demands. In addition, the Company has instituted additional marketing programs to dispose of the slower moving inventories. The Company continually analyzes its slow-moving and excess inventories. Based on historical and projected sales volumes for finished goods, historical and projected usage of raw materials and anticipated selling prices, the Company establishes reserves. Inventory that is in excess of current and projected use is reduced by an allowance to a level that approximates its estimate of future demand. Products that are determined to be obsolete are written down to net realizable value.

Debt

Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Note 6 – Debt On August 6, 2008, the Company entered into a Revolving Credit, Term Loan and Security Agreement with Santander Bank, N.A. (formerly known as Sovereign Bank, N.A.) through its Sovereign Business Capital division (“ Santander 8,000 Santander Financing Santander Agreement 7,567 4,000 Revolver 3,567 Term Loan Under the Santander Agreement, the Revolver currently bears interest at a rate per annum equal to the prime lending rate announced from time to time by Santander (“Prime”) Prime plus 1.75% or the LIBOR rate plus 4.50% 3.50 0.44 0.63 0.90 On March 1, 2016, the Company entered into the Fourteenth Amendment to Revolving Credit, Term Loan and Security Agreement with Santander (the “ Fourteenth Amendment In addition, the Fourteenth Amendment amended certain of the Company’s financial covenants. In particular, the amended covenants relaxed the previous balance sheet leverage ratio compliance threshold of 1.25:1.00, and required that the Company maintain a balance sheet leverage ratio of not more than (i) 1.85 to 1.00 as of December 31, 2015 and (ii) 2.00 to 1.00 as of March 31, 2016. In addition, the amended covenants relaxed the previous EBITDA compliance threshold and required that the Company achieve EBITDA thresholds of not less than (i) negative (-) $3,897 as of December 31, 2015 (calculated on a trailing twelve month basis) and (ii) $50 as of March 31, 2016 (calculated on a trailing three month basis) 500 On February 1, 2016, the Company entered into the Thirteenth Amendment to Revolving Credit, Term Loan and Security Agreement with Santander (the “ Thirteenth Amendment 9,350 8,350 5,000 4,000 On December 16, 2015, the Company entered into the Twelfth Amendment to Revolving Credit, Term Loan and Security Agreement with Santander (the “ Twelfth Amendment On November 14, 2015, the Company entered into the Eleventh Amendment to Revolving Credit, Term Loan and Security Agreement with Santander (the “ Eleventh Amendment 25 35 25 50 On October 14, 2015, the Company entered into the Tenth Amendment to Revolving Credit, Term Loan and Security Agreement with Santander (the “ Tenth Amendment 25 35 25 5 On August 12, 2015, the Company entered into the Ninth Amendment to Revolving Credit, Term Loan and Security Agreement with Santander (the “ Ninth Amendment 20 On May 14, 2015, the Company entered into the Eighth Amendment to Revolving Credit, Term Loan and Security Agreement with Santander (the “ Eighth Amendment 25 35 25 15 On March 30, 2015, Santander agreed to provide the Company with $ 500 Temporary Overadvance Facility 2.5 On January 21, 2015, the Company entered into the Seventh Amendment to Revolving Credit, Term Loan and Security Agreement with Santander (the “ Seventh Amendment 18 February 1, 2016 0.25 15 Upon expiration of the Revolver, all outstanding borrowings under the Revolver are due. The outstanding principal balance of the Revolver was $ 2,854 18 3,531 The Santander Agreement contains customary representations and warranties as well as affirmative and negative covenants, including certain financial covenants. The Santander Agreement contains customary events of default, including, among others, non-payment of principal, interest or other amounts when due.

Subordinated Convertible Debt w

Subordinated Convertible Debt with Related Parties	3 Months Ended
	Mar. 31, 2016
Subordinated Borrowings [Abstract]
Subordinated Borrowings Disclosure [Text Block]	Note 7 – Subordinated Convertible Debt with Related Parties On March 28, 2016 the Company and its wholly-owned subsidiary, R.L. Drake Holdings, LLC ( “RLD” Agent Subordinated Lenders Subordinated Loan Agreement 750 Subordinated Loan Facility 50 12 PIK Interest 0.54 Subordinated Mortgage” In connection with the Subordinated Loan Agreement, the Company, RLD, the Subordinated Lenders and Santander entered into an Amended and Restated Subordination Agreement (the “ Subordination Agreement As of March 31, 2016, the Subordinated Lenders have advanced $ 500 6 177 0.38 0.54 91 0.87 0 The Subordinated Loan Agreement amended and restated a prior agreement entered into on February 11, 2016 between the Company and RLD, as borrowers and Robert J. Pallé and Carol M. Pallé, as lenders (the “ Prior ubordinated Loan Agreement 600 300

Legal Proceedings

Legal Proceedings	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Legal Matters and Contingencies [Text Block]	Note 8 – Legal Proceedings The Company is a party to certain proceedings incidental to the ordinary course of its business, none of which, in the opinion of management, is likely to have a material adverse effect on the Company’s business, financial condition, results of operations, or cash flows.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 9 – Subsequent Events The Company has evaluated subsequent events through the filing of its consolidated financial statements with the SEC.

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	(a) Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Derivatives, Reporting of Derivative Activity [Policy Text Block]	(b) Derivative Financial Instruments The Company evaluates its convertible instruments to determine if those contracts or embedded components of those contracts qualify as derivative financial instruments to be separately accounted for in accordance with Topic 815 of the Financial Accounting Standards Board (“ FASB “ASC The Binomial Lattice Model was used to estimate the fair value of the conversion options that is classified as a derivative liability on the condensed consolidated balance sheets. The model includes subjective input assumptions that can materially affect the fair value estimates. The expected volatility is estimated based on the most recent historical period of time equal to the weighted average life of the conversion options. Conversion options are recorded as a discount to the host instrument and are amortized as interest expense over the life of the underlying instrument.
Fair Value of Financial Instruments, Policy [Policy Text Block]	(c) Fair Value of Financial Instruments The Company measures fair value of its financial assets on a three-tier value hierarchy, which prioritizes the inputs, used in the valuation methodologies in measuring fair value: · Level 1 – Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. · Level 2 – Other inputs that are directly or indirectly observable in the marketplace. · Level 3 – Unobservable inputs which are supported by little or no market activity. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The derivative liability is measured at fair value using quoted market prices and estimated volatility factors based on historical quoted market prices for the Company’s common stock, and is classified within Level 3 of the valuation hierarchy.
Earnings Per Share, Policy [Policy Text Block]	(d) Earnings (loss) Per Share Earnings (loss) per share is calculated in accordance with ASC Topic 260 “Earnings Per Share,” which provides for the calculation of “basic” and “diluted” earnings (loss) per share. Basic earnings (loss) per share includes no dilution and is computed by dividing net earnings by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share reflect, in periods in which they have a dilutive effect, the effect of common shares issuable upon exercise of stock options. The diluted share base excludes incremental shares of 1,924 and 841 related to stock options for the three month periods ended March 31, 2016 and 2015, respectively. These shares were excluded due to their antidilutive effect.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories net of reserves are summarized as follows: March 31, December 31, 2016 2015 Raw Materials $ 4,469 $ 4,820 Work in process 1,963 1,732 Finished Goods 4,788 4,913 11,220 11,465 Less current inventory (5,574) (5,595) 5,646 5,870 Less reserve for slow moving and excess inventory (4,338) (4,426) $ 1,308 $ 1,444

Liquidity and Going Concern (De

Liquidity and Going Concern (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Liquidity And Going Concern [Line Items]
Long-Term Line Of Credit	$ 2,854	$ 2,664
Two-phase cost-reduction program [Member]
Liquidity And Going Concern [Line Items]
Expected Decrease in Annual Expense	2,850
Third phase cost reduction program [Member]
Liquidity And Going Concern [Line Items]
Line Of Credit Facility, Maximum Borrowing Capacity	750
Revolving Credit Facility [Member]
Liquidity And Going Concern [Line Items]
Long-Term Line Of Credit	2,854
Line of Credit Facility, Remaining Borrowing Capacity	393
Line Of Credit Facility, Current Borrowing Capacity	$ 250

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Details Textual) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Summary of Significant Accounting Policies [Line Items]
Incremental Common Shares Attributable to Call Options and Warrants	1,924	841

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Inventory [Line Items]
Raw Materials	$ 4,469	$ 4,820
Work in process	1,963	1,732
Finished Goods	4,788	4,913
Inventory, gross	11,220	11,465
Less current inventory	(5,574)	(5,595)
Inventory Value Before Reserves	5,646	5,870
Less reserve for slow moving and excess inventory	(4,338)	(4,426)
Inventories, net non-current	$ 1,308	$ 1,444

Inventories (Details Textual)

Inventories (Details Textual)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Inventory [Line Items]
Percentage Of Fifo Inventory Non Current For Finished Goods	72.00%	73.00%
Inventory Related Text	Inventories are stated at the lower of cost, determined by the first-in, first-out (“FIFO”) method, or market

Debt (Details Textual)

Debt (Details Textual) - USD ($)

Nov. 14, 2015

Oct. 14, 2015

Aug. 12, 2015

Aug. 06, 2008

Mar. 30, 2015

Jan. 21, 2015

Mar. 01, 2016

Mar. 31, 2016

Mar. 28, 2016

Feb. 11, 2016

Feb. 01, 2016

Dec. 31, 2015

May. 14, 2015

Apr. 24, 2015

Debt Instrument [Line Items]

Long-Term Line Of Credit

$ 2,854,000

$ 2,664,000

Eighth Amendment [Member]

Debt Instrument [Line Items]

Revolving Credit Advances Rate

25.00%

Debt Instrument, Fee Amount

$ 15,000

Tenth Amendment [Member]

Debt Instrument [Line Items]

Amendment Fee

$ 5,000

Revolving Credit Advances Rate

25.00%

Eleventh Amendment [Member]

Debt Instrument [Line Items]

Amendment Fee

$ 50,000

Revolving Credit Advances Rate

25.00%

Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Line of Credit Facility, Current Borrowing Capacity

250,000

Line of Credit Facility, Periodic Payment, Principal

18,000

Long-Term Line Of Credit

2,854,000

Revolving Credit Facility [Member] | Thirteenth Amendment [Member]

Debt Instrument [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 4,000,000

$ 5,000,000

Revolving Credit Facility [Member] | Fourteenth Amendment [Member]

Debt Instrument [Line Items]

Line of Credit Facility, Current Borrowing Capacity

$ 500,000

Debt Instrument, Covenant Compliance

In addition, the Fourteenth Amendment amended certain of the Companys financial covenants. In particular, the amended covenants relaxed the previous balance sheet leverage ratio compliance threshold of 1.25:1.00, and required that the Company maintain a balance sheet leverage ratio of not more than (i) 1.85 to 1.00 as of December 31, 2015 and (ii) 2.00 to 1.00 as of March 31, 2016. In addition, the amended covenants relaxed the previous EBITDA compliance threshold and required that the Company achieve EBITDA thresholds of not less than (i) negative (-) $3,897 as of December 31, 2015 (calculated on a trailing twelve month basis) and (ii) $50 as of March 31, 2016 (calculated on a trailing three month basis)

Revolving Credit Facility [Member] | Maximum [Member] | Eighth Amendment [Member]

Debt Instrument [Line Items]

Revolving Credit Advances Rate

35.00%

Revolving Credit Facility [Member] | Maximum [Member] | Tenth Amendment [Member]

Debt Instrument [Line Items]

Revolving Credit Advances Rate

35.00%

Revolving Credit Facility [Member] | Maximum [Member] | Eleventh Amendment [Member]

Debt Instrument [Line Items]

Revolving Credit Advances Rate

35.00%

Revolving Credit Facility [Member] | Minimum [Member] | Eighth Amendment [Member]

Debt Instrument [Line Items]

Revolving Credit Advances Rate

25.00%

Revolving Credit Facility [Member] | Minimum [Member] | Tenth Amendment [Member]

Debt Instrument [Line Items]

Revolving Credit Advances Rate

25.00%

Revolving Credit Facility [Member] | Minimum [Member] | Eleventh Amendment [Member]

Debt Instrument [Line Items]

Revolving Credit Advances Rate

25.00%

Term Loan Credit Facility [Member]

Debt Instrument [Line Items]

Line of Credit Facility, Interest Rate Description

Prime plus 1.75% or the LIBOR rate plus 4.50%

Long-Term Line Of Credit

$ 3,531,000

Amendment Fee

$ 15,000

Term Loan Credit Facility [Member] | Seventh Amendment [Member]

Debt Instrument [Line Items]

Line of Credit Facility, Periodic Payment, Principal

$ 18,000

Debt Instrument, Maturity Date

Feb. 1, 2016

Line of Credit Facility, Interest Rate During Period

0.25%

Term Loan Credit Facility [Member] | Thirteenth Amendment [Member]

Debt Instrument [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 8,350,000

$ 9,350,000

Subordinated Loan Facility [Member]

Debt Instrument [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 750,000

$ 600,000

Line of Credit Facility, Current Borrowing Capacity

$ 600,000

Line Of Credit Temporary Over Advance Facility

$ 50,000

Santander Bank [Member] | Ninth Amendment [Member]

Debt Instrument [Line Items]

Amendment Fee

$ 20,000

Santander Bank [Member] | Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Line of Credit Facility, Increase (Decrease), Other, Net

$ 8,000,000

Long-Term Line Of Credit

4,000,000

Line Of Credit Facility Interest Rate Period At One Month

0.44%

Line Of Credit Facility Interest Rate Period At Three Months

0.63%

Line Of Credit Facility Interest Rate Period At Six Months

0.90%

Line of Credit Facility, Interest Rate During Period

3.50%

Line Of Credit Temporary Over Advance Facility

$ 500,000

Debt Instrument, Fee Amount

$ 2,500

Santander Bank [Member] | Revolving Credit Facility [Member] | Seventh Amendment [Member]

Debt Instrument [Line Items]

Long-Term Line Of Credit

7,567,000

Santander Bank [Member] | Term Loan Credit Facility [Member]

Debt Instrument [Line Items]

Long-Term Line Of Credit

$ 3,567,000

Subordinated Convertible Debt22

Subordinated Convertible Debt with Related Parties (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 28, 2016	Feb. 11, 2016	Dec. 31, 2015
Subordinated Borrowing [Line Items]
Convertible Subordinated Debt, Noncurrent	$ 329			$ 100
Prior Subordinated Loan Agreement [Member]
Subordinated Borrowing [Line Items]
Line Of Credit Facility, Current Borrowing Capacity			$ 300
Subordinated Loan Facility [Member]
Subordinated Borrowing [Line Items]
Convertible Subordinated Debt, Noncurrent	500
Paid-in-Kind Interest	6
Derivative Liability	$ 177
Share Price	$ 0.38
Debt Instrument, Convertible, Conversion Price	$ 0.54	$ 0.54
Fair Value Assumptions, Expected Volatility Rate	91.00%
Fair Value Assumptions, Risk Free Interest Rate	0.87%
Fair Value Assumptions, Expected Dividend Rate	0.00%
Line Of Credit Facility, Current Borrowing Capacity			$ 600