Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2015 | Oct. 30, 2015 | |
Document Information [Line Items] | ||
Entity Registrant Name | TAITRON COMPONENTS INC | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Amendment Flag | false | |
Entity Central Index Key | 942,126 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Smaller Reporting Company | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Sep. 30, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q3 | |
Common Class B [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 762,612 | |
Common Class A [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 4,777,144 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 |
Current Assets: | ||
Cash and cash equivalents | $ 3,433,000 | $ 3,470,000 |
Accounts receivable, less allowances of $45,000 and $50,000, respectively | 714,000 | 534,000 |
Inventories, less reserves for obsolescence of $7,029,000, and $6,582,000, respectively | 8,746,000 | 8,486,000 |
Prepaid expenses and other current assets | 140,000 | 127,000 |
Total current assets | 13,033,000 | 12,617,000 |
Property and equipment, net | 4,249,000 | 4,321,000 |
Other assets (Note 4) | 777,000 | 988,000 |
Total assets | 18,059,000 | 17,926,000 |
Current Liabilities: | ||
Accounts payable | 907,000 | 396,000 |
Accrued liabilities | 282,000 | 240,000 |
Current portion of long-term debt from related party (Note 5) | 500,000 | 500,000 |
Total current liabilities | 1,689,000 | 1,136,000 |
Long-term debt from related party (Note 5) | 1,000,000 | 1,000,000 |
Total Liabilities | $ 2,689,000 | $ 2,136,000 |
Commitments and contingencies (Notes 6 and 8) | ||
Shareholders’ Equity: | ||
Preferred stock, $0.001 par value. Authorized 5,000,000 shares; None issued or outstanding | $ 0 | $ 0 |
Additional paid-in capital | 10,698,000 | 10,684,000 |
Accumulated other comprehensive income | 164,000 | 158,000 |
Retained earnings | 4,397,000 | 4,832,000 |
Total Shareholders’ Equity - Taitron Components Inc | 15,265,000 | 15,680,000 |
Noncontrolling interest in subsidiary | 105,000 | 110,000 |
Total Shareholders’ Equity | 15,370,000 | 15,790,000 |
Total Liabilities and Shareholders’ Equity | 18,059,000 | 17,926,000 |
Common Class A [Member] | ||
Shareholders’ Equity: | ||
Common Stock, value, issued | 5,000 | 5,000 |
Common Class B [Member] | ||
Shareholders’ Equity: | ||
Common Stock, value, issued | $ 1,000 | $ 1,000 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 |
Accounts receivable, allowances (in Dollars) | $ 45,000 | $ 50,000 |
Inventories, reserves for obsolescence (in Dollars) | $ 7,029,000 | $ 6,582,000 |
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common Class A [Member] | ||
Common stock par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 4,777,144 | 4,777,144 |
Common stock, shares outstanding | 4,777,144 | 4,777,144 |
Common Class B [Member] | ||
Common stock par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 762,612 | 762,612 |
Common stock, shares issued | 762,612 | 762,612 |
Common stock, shares outstanding | 762,612 | 762,612 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Net sales | $ 1,672,000 | $ 1,610,000 | $ 4,484,000 | $ 4,505,000 |
Cost of goods sold | 1,150,000 | 1,194,000 | 3,151,000 | 3,319,000 |
Gross profit | 522,000 | 416,000 | 1,333,000 | 1,186,000 |
Selling, general and administrative expenses | 497,000 | 525,000 | 1,581,000 | 1,630,000 |
Operating loss | 25,000 | (109,000) | (248,000) | (444,000) |
Interest expense, net | (12,000) | (13,000) | (32,000) | (31,000) |
Loss on investments | (66,000) | (60,000) | (208,000) | (158,000) |
Other income, net | 9,000 | 20,000 | 58,000 | 70,000 |
Loss before income taxes | (44,000) | (162,000) | (430,000) | (563,000) |
Income tax provision | (4,000) | (1,000) | (11,000) | (2,000) |
Net loss | (48,000) | (163,000) | (441,000) | (565,000) |
Net loss attributable to noncontrolling interest in subsidiary | (2,000) | (4,000) | (6,000) | (9,000) |
Net loss attributable to Taitron Components Inc. | $ (46,000) | $ (159,000) | $ (435,000) | $ (556,000) |
Net loss per share: Basic & Diluted (in Dollars per share) | $ (0.01) | $ (0.03) | $ (0.08) | $ (0.10) |
Weighted average common shares outstanding: Basic & Diluted (in Shares) | 5,539,756 | 5,539,756 | 5,539,756 | 5,539,756 |
Net loss | $ (48,000) | $ (163,000) | $ (441,000) | $ (565,000) |
Other comprehensive income (loss) : | ||||
Foreign currency translation adjustment | 12,000 | 2,000 | 6,000 | 3,000 |
Comprehensive loss | (36,000) | (161,000) | (435,000) | (562,000) |
Comprehensive loss attributable to noncontrolling interests | (3,000) | (4,000) | (8,000) | |
Comprehensive loss attributable to Taitron Components Inc. | $ (36,000) | $ (158,000) | $ (431,000) | $ (554,000) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Operating activities: | ||
Net loss | $ (441,000) | $ (565,000) |
Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
Depreciation and amortization | 98,000 | 126,000 |
Provision for sales returns and doubtful accounts | 58,000 | 3,000 |
Stock based compensation | 14,000 | 19,000 |
Loss on investments | 208,000 | 158,000 |
Changes in assets and liabilities: | ||
Trade accounts receivable | (238,000) | (135,000) |
Inventory | (260,000) | 1,195,000 |
Prepaid expenses and other current assets | (13,000) | (9,000) |
Trade accounts payable | 512,000 | (216,000) |
Accrued liabilities | 41,000 | (10,000) |
Other assets and liabilities | 4,000 | 1,000 |
Total adjustments | 424,000 | 1,132,000 |
Net cash (used in) provided by operating activities | (17,000) | 567,000 |
Investing activities: | ||
Acquisition of property & equipment | (26,000) | (7,000) |
Net cash used for investing activities | (26,000) | (7,000) |
Impact of exchange rates on cash | 6,000 | 3,000 |
Net (decrease) increase in cash and cash equivalents | (37,000) | 563,000 |
Cash and cash equivalents, beginning of period | 3,470,000 | 2,724,000 |
Cash and cash equivalents, end of period | 3,433,000 | 3,287,000 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 39,000 | 39,000 |
Cash paid for income taxes, net | $ 9,000 | $ 2,000 |
1 - ORGANIZATION
1 - ORGANIZATION | 9 Months Ended |
Sep. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1 – ORGANIZATION In 1989, we were formed and incorporated in California. We maintain a majority-owned subsidiary in Mexico (since 1998) and two subsidiaries in each of Taiwan (since 1998) and China (since 2005). Our Mexico location closed all operations in May 2013 (final closure is pending sale of our local 15,000 sqft office and warehouse facility) and our Taiwan and China locations are for supporting overseas customers, inventory sourcing, purchases and coordinating the manufacture of our products. Our China location also serves as the engineering center responsible for designing circuits, arranging pre-production scheduling and mass production runs with joint venture partners for our projects, making component datasheets and test specifications, preparing samples, monitoring quality of shipments and performing failure analysis reports. |
2 - BASIS OF PRESENTATION
2 - BASIS OF PRESENTATION | 9 Months Ended |
Sep. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Business Description and Basis of Presentation [Text Block] | 2 – BASIS OF PRESENTATION The unaudited consolidated interim financial statements include the accounts of the Company and all wholly owned subsidiaries, including its 60% majority-owned subsidiary, Taitron Components Mexico, S.A. de C.V. All significant intercompany accounts and transactions have been eliminated in consolidation. These unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments of a normal recurring nature and considered necessary for a fair presentation of its financial condition and results of operations for the interim periods presented in this Quarterly Report on Form 10-Q have been included. Operating results for the interim periods are not necessarily indicative of financial results for the full year. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. In preparing these financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements and the reported amount of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Significant estimates and assumptions included in the Company’s consolidated financial statements relate to the allowance for sales returns, doubtful accounts, inventory reserves, accrued liabilities and deferred income taxes. Certain amounts in the prior year consolidated financial statements have been reclassified to conform to the current year presentation. |
3 - RECENT ACCOUNTING DEVELOPME
3 - RECENT ACCOUNTING DEVELOPMENTS | 9 Months Ended |
Sep. 30, 2015 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | 3 – RECENT ACCOUNTING DEVELOPMENTS Recently Adopted Accounting Pronouncements On January 1, 2014, we adopted ASU 2013-05, Foreign Currency Matters Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity |
4 - OTHER ASSETS
4 - OTHER ASSETS | 9 Months Ended |
Sep. 30, 2015 | |
Disclosure Text Block Supplement [Abstract] | |
Other Assets Disclosure [Text Block] | 4 – OTHER ASSETS September 30, December 31, 2015 2014 (Unaudited) Investment in securities - Zowie Technology $ 100,000 $ 100,000 Investment in joint venture - Grand Shine Mgmt 660,000 868,000 Other 17,000 20,000 Other Assets $ 777,000 $ 988,000 Our $100,000 investment in securities as of September 30, 2015 relates to our ownership of 1,037,739 common shares of Zowie Technology Corporation (New Taipei City, Taiwan), a supplier of electronic component products. Our investment relates to approximately 9.2% of their total outstanding shares although we do not have significant influence or control. This investment is accounted for under the cost method basis of accounting. Our $660,000 investment in joint venture as of September 30, 2015, relates to our 49% ownership of Grand Shine Management Limited (Dong Guan, China), an electronic device contract manufacturer, and joint venture with its 51% owner, Teamforce Company Limited. This joint venture is not considered to be a “Variable Interest Entity”, and as such, is accounted for under the equity method basis of accounting. As of September 30, 2015 and 2014, we have recorded total unrealized loss from investment in Grand Shine Management of $516,000 and $240,000, respectively. |
5 - LONG-TERM DEBT FROM RELATED
5 - LONG-TERM DEBT FROM RELATED PARTY | 9 Months Ended |
Sep. 30, 2015 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | 5 – LONG-TERM DEBT FROM RELATED PARTY Secured credit facility - On April 21, 2008 we entered into a $3,000,000 credit facility, collateralized by real property, from K.S. Best International Co. Ltd., a company controlled by the brother of our Chief Executive Officer. On March 25, 2015 we extended maturities by one (1) year to June 30, 2016 and beyond. Credit is available in $500,000 advances, each advance payable in monthly interest only installments, at the rate of Prime + 0.25% per annum. As of September 30, 2015 and December 31, 2014, the aggregate outstanding balance on this credit facility was $1,500,000. On March 23, 2015, we executed a third amendment to the secured credit facility agreement extending the due dates of the unpaid balances to periods from June 30, 2016 to June 30, 2018. |
6 - RELATED PARTY TRANSACTIONS
6 - RELATED PARTY TRANSACTIONS | 9 Months Ended |
Sep. 30, 2015 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | 6 – RELATED PARTY TRANSACTIONS We made payments of approximately $6,000 for both of the quarters ending September 30, 2015 and 2014, to K.S. Best International Co. Ltd., a company controlled by the brother of our Chief Executive Officer. These payments were for professional fees related to the operational management of our Taiwan office. In addition, we also made payments of $13,000 for both of the quarters ended September 30, 2015 and 2014, for interest expense on our credit facility from K.S. Best International Co. Ltd. See Note 5. We have a $3,000,000 credit facility, collateralized by real property, from K.S. Best International Co. Ltd., a company controlled by the brother of our Chief Executive Officer. See Note 5 for additional details. |
7 - SHARE BASED COMPENSATION
7 - SHARE BASED COMPENSATION | 9 Months Ended |
Sep. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 7 – SHARE BASED COMPENSATION Accounting for stock options issued to employees measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. That cost is recognized over the period during which an employee is required to provide service in exchange for the award. Outstanding options to purchase Class A common stock (“the Options”) vest in three equal annual installments beginning one year from the date of grant and are subject to termination provisions as defined in our 2005 Stock Incentive Plan. The option activity during the nine months ended September 30, 2015 is as follows: Number of Shares Weighted Average Exercise Price Weighted Average Years Remaining Contractual Term Aggregate Intrinsic Value Outstanding at December 31, 2014 392,500 $ 1.24 4.8 $ 13,400 Grants 79,000 1.04 Forfeited (15,500 ) 1.34 Outstanding at September 30, 2015 456,000 1.20 4.6 $ 17,900 Exercisable at September 30, 2015 320,333 $ 1.28 3.7 $ 6,200 At September 30, 2015 the range of individual outstanding weighted average exercise prices was $0.99 to $1.50. |
8 - COMMITMENTS AND CONTINGENCI
8 - COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Sep. 30, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | 8 – COMMITMENTS AND CONTINGENCIES Inventory Purchasing Outstanding commitments to purchase inventory from suppliers aggregated $1,700,000 as of September 30, 2015. |
4 - OTHER ASSETS (Tables)
4 - OTHER ASSETS (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Disclosure Text Block Supplement [Abstract] | |
Schedule of Other Assets [Table Text Block] | September 30, December 31, 2015 2014 (Unaudited) Investment in securities - Zowie Technology $ 100,000 $ 100,000 Investment in joint venture - Grand Shine Mgmt 660,000 868,000 Other 17,000 20,000 Other Assets $ 777,000 $ 988,000 |
7 - SHARE BASED COMPENSATION (T
7 - SHARE BASED COMPENSATION (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | The option activity during the nine months ended September 30, 2015 is as follows: Number of Shares Weighted Average Exercise Price Weighted Average Years Remaining Contractual Term Aggregate Intrinsic Value Outstanding at December 31, 2014 392,500 $ 1.24 4.8 $ 13,400 Grants 79,000 1.04 Forfeited (15,500 ) 1.34 Outstanding at September 30, 2015 456,000 1.20 4.6 $ 17,900 Exercisable at September 30, 2015 320,333 $ 1.28 3.7 $ 6,200 |
2 - BASIS OF PRESENTATION (Deta
2 - BASIS OF PRESENTATION (Details) | 9 Months Ended |
Sep. 30, 2015 | |
Taitron Components Mexico [Member] | |
2 - BASIS OF PRESENTATION (Details) [Line Items] | |
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions | 60.00% |
4 - OTHER ASSETS (Details)
4 - OTHER ASSETS (Details) - USD ($) | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
Grand Shine Management Limited [Member] | |||
4 - OTHER ASSETS (Details) [Line Items] | |||
Equity Method Investments | $ 660,000 | ||
Zowie Technology [Member] | |||
4 - OTHER ASSETS (Details) [Line Items] | |||
Equity Method Investments | $ 100,000 | $ 100,000 | |
Equity Method Investment, Ownership Percentage | 9.20% | ||
Zowie Technology [Member] | Common Stock [Member] | |||
4 - OTHER ASSETS (Details) [Line Items] | |||
Investment Owned, Balance, Shares (in Shares) | 1,037,739 | ||
Grand Shine Management Limited [Member] | |||
4 - OTHER ASSETS (Details) [Line Items] | |||
Equity Method Investments | $ 660,000 | $ 868,000 | |
Equity Method Investment, Ownership Percentage | 49.00% | ||
Unrealized Gain (Loss) on Investments | $ (516,000) | $ (240,000) | |
Grand Shine Management Limited [Member] | Teamforce Company Limited [Member] | |||
4 - OTHER ASSETS (Details) [Line Items] | |||
Equity Method Investment, Ownership Percentage | 51.00% |
4 - OTHER ASSETS (Details) -
4 - OTHER ASSETS (Details) - Schedule of Other Assets - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 |
4 - OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Other | $ 17,000 | $ 20,000 |
Other Assets | 777,000 | 988,000 |
Zowie Technology [Member] | ||
4 - OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Investments | 100,000 | 100,000 |
Grand Shine Management Limited [Member] | ||
4 - OTHER ASSETS (Details) - Schedule of Other Assets [Line Items] | ||
Investments | $ 660,000 | $ 868,000 |
5 - LONG-TERM DEBT FROM RELAT19
5 - LONG-TERM DEBT FROM RELATED PARTY (Details) - Immediate Family Member of Management or Principal Owner [Member] - Line of Credit [Member] - USD ($) | Mar. 25, 2015 | Apr. 21, 2008 | Sep. 30, 2015 | Dec. 31, 2014 |
5 - LONG-TERM DEBT FROM RELATED PARTY (Details) [Line Items] | ||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 3,000,000 | $ 3,000,000 | ||
Line of Credit Facility, Collateral | collateralized by real property, from K.S. Best International Co. | |||
Line of Credit Facility, Description | Credit is available in $500,000 advances | |||
Line of Credit Facility, Frequency of Payment and Payment Terms | each advance payable in monthly interest only installments | |||
Long-term Line of Credit | $ 1,500,000 | $ 1,500,000 | ||
Prime Rate [Member] | ||||
5 - LONG-TERM DEBT FROM RELATED PARTY (Details) [Line Items] | ||||
Debt Instrument, Basis Spread on Variable Rate | 0.25% | |||
Minimum [Member] | ||||
5 - LONG-TERM DEBT FROM RELATED PARTY (Details) [Line Items] | ||||
Debt Instrument, Maturity Date | Jun. 30, 2016 | |||
Maximum [Member] | ||||
5 - LONG-TERM DEBT FROM RELATED PARTY (Details) [Line Items] | ||||
Debt Instrument, Maturity Date | Jun. 30, 2018 |
6 - RELATED PARTY TRANSACTIONS
6 - RELATED PARTY TRANSACTIONS (Details) - Immediate Family Member of Management or Principal Owner [Member] - USD ($) | 6 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Apr. 21, 2008 | |
6 - RELATED PARTY TRANSACTIONS (Details) [Line Items] | |||
Related Party Transaction, Amounts of Transaction | $ 6,000 | $ 6,000 | |
Related Party Transaction, Description of Transaction | professional fees related to the operational management of our Taiwan office | professional fees related to the operational management of our Taiwan office | |
Line of Credit [Member] | |||
6 - RELATED PARTY TRANSACTIONS (Details) [Line Items] | |||
Interest Paid | $ 13,000 | $ 13,000 | |
Line of Credit Facility, Maximum Borrowing Capacity | $ 3,000,000 | $ 3,000,000 |
7 - SHARE BASED COMPENSATION (D
7 - SHARE BASED COMPENSATION (Details) | 9 Months Ended |
Sep. 30, 2015$ / shares | |
7 - SHARE BASED COMPENSATION (Details) [Line Items] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit | $ 0.99 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit | $ 1.50 |
2005 Stock Incentive Plan [Member] | |
7 - SHARE BASED COMPENSATION (Details) [Line Items] | |
Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award | vest in three equal annual installments beginning one year from the date of grant and are subject to termination provisions as defined in our 2005 Stock Incentive Plan. |
7 - SHARE BASED COMPENSATION
7 - SHARE BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Stock Options, Activity - USD ($) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2015 | Dec. 31, 2014 | |
Schedule of Share-based Compensation, Stock Options, Activity [Abstract] | ||
Number of Shares | 392,500 | |
Weighted Average Exercise Price | $ 1.24 | |
Weighted Average Years Remaining Contractual Term | 4 years 219 days | 4 years 292 days |
Aggregate Intrinsic Value | $ 13,400 | |
Exercisable at September 30, 2015 | 320,333 | |
Exercisable at September 30, 2015 | $ 1.28 | |
Exercisable at September 30, 2015 | 3 years 255 days | |
Exercisable at September 30, 2015 | $ 6,200 | |
Grants | 79,000 | |
Grants | $ 1.04 | |
Forfeited | (15,500) | |
Forfeited | $ 1.34 | |
Number of Shares | 456,000 | |
Weighted Average Exercise Price | $ 1.20 | |
Aggregate Intrinsic Value | $ 17,900 |
8 - COMMITMENTS AND CONTINGEN23
8 - COMMITMENTS AND CONTINGENCIES (Details) | Sep. 30, 2015USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
Purchase Commitment, Remaining Minimum Amount Committed | $ 1,700,000 |