Quarterly report pursuant to Section 13 or 15(d)

Debt Financing (Tables)

v3.3.1.900
Debt Financing (Tables)
 3 Months Ended
Dec. 27, 2015
Debt Disclosure [Abstract]  
Schedule of fair value for the derivative liabilities related to the convertible notes
   

Valuation Dates

(Thousands)

  
    11/17/2014     11/17/2014     12/28/2014  
    Investors     Brokers     Total  
                   
Notes   $ 1,550     $ 10     $ 1,560  
                         
Derivative Value     6,929       45       6,127  
                         
Change in Fair Value – Derivatives (Mark to Market)     -       -       (847 )
 
Schedule of the total expenses related to the convertible notes
 
    (Thousands)  
Interest Expense for three months ending December 28, 2014:        
Fair market value of derivatives – Investors   $ 6,929  
Fair market value of derivatives – Brokers     45  
Less: Debt discount on convertible notes – Investors     (1,550 )
Less: Debt discount on convertible notes – Brokers     (10 )
Fair value adjustment on convertible notes issued November 17, 2014   $ 5,414  
         
Debt discount amortization     33  
Note interest at 12% per annum     23  
Debt issuance cost amortization     4  
         
Total Interest Expense (Convertible Notes)   $ 5,474  
         
Change in Fair Value – Derivatives gain   $ (847 )