Financing Arrangements (Details) - USD ($) |
1 Months Ended | 3 Months Ended | |||
|---|---|---|---|---|---|
May 03, 2018 |
Feb. 28, 2018 |
Feb. 06, 2018 |
May 05, 2019 |
Feb. 03, 2019 |
|
| Financing Arrangements (Textual) | |||||
| Deferred financing fees | $ 206,900 | $ 219,071 | |||
| Revolving Loan [Member] | |||||
| Financing Arrangements (Textual) | |||||
| Note payable term | 1 month | ||||
| Maturity date | Jun. 04, 2018 | ||||
| LIBOR rate margin, description | Bears interest at the LIBOR rate plus the applicable margin for an all-in-rate of 3.1875%. | ||||
| Revolving Loan [Member] | Maximum [Member] | |||||
| Financing Arrangements (Textual) | |||||
| LIBOR rate | 2.25% | ||||
| Revolving Loan [Member] | Minimum [Member] | |||||
| Financing Arrangements (Textual) | |||||
| LIBOR rate | 2.00% | ||||
| Wells Fargo Bank, National Association [Member] | |||||
| Financing Arrangements (Textual) | |||||
| Line of credit with Siena Lending Group, LLC | $ 25,000,000 | ||||
| Maturity date | Feb. 28, 2023 | ||||
| Line of credit, description | The line of credit with Wells allows the Company to borrow up to $25.0 million and will mature in February 2023. Borrowings are limited to 90% of eligible credit card receivables plus 85% of eligible wholesale receivables plus 85% of the net recovery percentage for the eligible inventory multiplied by the value of such eligible inventory of the Company for the period from December 16 of each year until October 14 of the immediately following year, with a seasonal increase to 90% of the net recovery percentage for the period from October 15 of each year until December 15 of such year, seasonal advance rate, minus applicable reserves established by Wells. As of May 5, 2019, and February 3, 2019, the Company’s borrowing availability under the line of credit with Wells Fargo was $13.4 million and $11.5 million, respectively. As of May 5, 2019, and February 3, 2019, there was $0 and $31,373 outstanding on this line of credit. | ||||
| Siena Lending Group, LLC [Member] | |||||
| Financing Arrangements (Textual) | |||||
| Line of credit with Siena Lending Group, LLC | $ 7,000,000 | ||||
| Maturity date | May 14, 2018 | ||||
| Line of credit, description | Borrowings were limited to the lesser of 75% of inventory or 85% of the net orderly liquidation value of inventory and may be reduced by certain liabilities of the Company. All amounts outstanding bore interest at the base rate, defined as the greatest of (i) Prime Rate published by The Wall Street Journal, (ii) Federal Funds Rate plus 0.5% or (iii) 3.25%, plus 3% (7.00% at February 4, 2018). The line was subject to a monthly unused line fee of 0.75%. The agreement was secured by the first lien on substantially all assets of the Company. In February 2018, the Company paid the outstanding loan balance of $405, an early termination fee of $70,000 and fully amortized the remaining deferred financing fees of $48,149 on its line of credit with Siena Lending Group, LLC. | ||||
| Outstanding loan balance paid | $ 405 | ||||
| Termination fee | 70,000 | ||||
| Deferred financing fees | $ 48,149 | ||||