Annual report pursuant to Section 13 and 15(d)

Note 9 - Long-term Debt (Tables)

v3.3.1.900
Note 9 - Long-term Debt (Tables)
 12 Months Ended
Dec. 31, 2015
Notes Tables  
Schedule of Long-term Debt Instruments [Table Text Block]
(Amounts in Thousands)
  
December 31,
2015
    
December 31,
2014
  
Revolving Credit
facility dated October 31, 2011, borrowings based upon eligible accounts
receivables, subject to monthly borrowing base calculation, variable interest paid
monthly at option of prime rate (3.50% at December 31, 2015) plus 2.0% or London Interbank
Offer Rate ("LIBOR") plus 3.0%, balance due October 31, 2016. Effective interest rate
for 2015 and 2014 was 4.0% and 4.1%, respectively.
(1)
   $ 2,349
 (3)
   $ —  
Term Loan
dated October 31, 2011, payable in equal monthly installments of principal of
$190, balance due on October 31, 2016, variable interest paid monthly at option of prime
rate plus 2.5% or LIBOR plus 3.5%. Effective interest rate for 2015 and 2014 was 3.7% and
3.7%, respectively.
(1)
     6,666  
(3)
     8,952  
Promissory Note
dated August 2, 2013, payable in twelve monthly installments of interest
only, starting September 1, 2013 followed with twenty-four monthly installments of $125 in
principal plus accrued interest. Interest accrues at annual rate of 2.99%.
(2) (4)
     950       2,363  
Promissory Note
dated February 12, 2013, payable in monthly installments of $10, which
includes interest and principal, starting February 28, 2013, interest accrues at annual rate
of 6.0%, paid in full on January 30, 2015.
(2)
    —       10  
Capital lease (
interest at rate of 6.0%)
     23       47  
      9,988       11,372  
Less current portion of long-term debt
     2,458       3,733  
    $ 7,530     $ 7,639  
Schedule of Maturities of Long-term Debt [Table Text Block]
Year ending December 31:
        
(In thousands)        
2016
   $ 2,508  
Beyond 2016
     7,530  
Total
   $ 10,038