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)
 9 Months Ended
Sep. 30, 2016
Notes Tables  
Schedule of Long-term Debt Instruments [Table Text Block]
(Amounts in Thousands)
  
September 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 nine months of 2016 was 3.9%.
(1) (2)
   $ 5,263     $ 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 nine months of 2016
was 3.7%.
(1) (2)
     5,352
(5)
     6,514  
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 (at annual rate of 2.99%). Note paid in full in August 2016.
(3) (4)
  
─
      950  
Capital lease (
interest at rate of 6.0%)
     4       23  
Total debt
     10,619       9,836  
Less current portion of long-term debt
     1,194       2,431  
Long-term debt
   $ 9,425     $ 7,405