Senior Secured Term Loan (Details) - USD ($) |
1 Months Ended | 3 Months Ended | |
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Jul. 25, 2017 |
Jul. 31, 2017 |
Jul. 31, 2016 |
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Debt Instrument [Line Items] | |||
Proceeds from term loan | $ 4,732,677 | ||
Fair value of warrants issued as part of senior secured loan | $ 478,428 | ||
Warrant [Member] | |||
Debt Instrument [Line Items] | |||
Warrants granted | 224,174 | ||
Secured Debt [Member] | Runway Growth Capital Fund [Member] | |||
Debt Instrument [Line Items] | |||
Debt instrument face amount | $ 10,000,000 | ||
LIBOR interest rate | 10.00% | ||
Proceeds from term loan | $ 5,000,000 | ||
Remaining amount | $ 5,000,000 | ||
Debt term | 4 years | ||
Origination fee | Company paid a 0.25% origination fee and will pay another 0.25% origination fee upon the second closing, will be subject to a final payment fee of 3.25% of the principal lent | ||
Secured Debt [Member] | Runway Growth Capital Fund [Member] | Warrant [Member] | |||
Debt Instrument [Line Items] | |||
Term of award | P5Y | ||
Warrants granted | 224,174 | ||
Warrants granted, exercise price | $ 6.87 |
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- Definition Weighted average price at which grantees can acquire the equity instruments by exercise of the non-options. No definition available.
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- Definition Warrants issued as part of senior secured loan. No definition available.
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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Description of the fees for amounts available, but unused under the credit facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net number of non-option equity instruments granted to participants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Description of pertinent provisions of equity-based compensation awards that have actual or potential impact upon the company's financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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