Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Long-term Debt (Tables)

v3.4.0.3
Note 6 - Long-term Debt (Tables)
 3 Months Ended
Mar. 31, 2016
Notes Tables  
Schedule of Long-term Debt Instruments [Table Text Block]
(Amounts in Thousands)
  
March 31, 2016
    
December 31, 2015
  
Revolving Credit
facility dated October 31, 2011, as amended, borrowings based upon eligible
accounts receivable, subject to monthly borrowing base calculation, variable interest paid
monthly at option of prime rate (3.50% at March 31, 2016) plus 1.75% or London Interbank
Offer Rate ("LIBOR") plus 2.75%, balance due March 24, 2021. Effective interest rate
for first quarter of 2016 was 4.6%.
(1) (2)
   $ 2,518     $ 2,349  
Term Loan
dated October 31, 2011, as amended, payable in equal monthly installments of principal of
$190, balance due on March 24, 2021, variable interest paid monthly at option of prime
rate plus 2.25% or LIBOR plus 3.25%. Effective interest rate for first quarter of 2016 was
3.6%.
(1) (2)
     5,974
(5)
     6,514
(5)
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%.
(3) (4)
     596       950  
Capital lease (
interest at rate of 6.0%)
     17       23  
      9,105       9,836  
Less current portion of long-term debt
     1,808       2,431  
Long-term debt
   $ 7,297     $ 7,405