Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Long Term Debt (Tables)

v3.5.0.2
Note 7 - Long Term Debt (Tables)
 6 Months Ended
Jun. 30, 2016
Notes Tables  
Schedule of Long-term Debt Instruments [Table Text Block]
(Amounts in Thousands)
  
June 30,
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, balance due March 24, 2021. Effective interest rate for first six months of 2016 was 4.4%.
(1) (2)
   $ 4,886     $ 2,349  
Term Loan
dated October 31, 2011, as amended, payable in equal monthly installments of principal of $102, balance due on March 24, 2021. Effective interest rate for first six months of 2016 was 3.7%.
(1) (2)
     5,675
(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)
     243       950  
Capital lease (
interest at rate of 6.0%)
     10       23  
Total debt
     10,814       9,836  
Less current portion of long-term debt
     1,448       2,431  
Long-term debt
   $ 9,366     $ 7,405