Annual report pursuant to Section 13 and 15(d)

Note 10 - Long-term Debt (Tables)

v3.6.0.2
Note 10 - Long-term Debt (Tables)
 12 Months Ended
Dec. 31, 2016
Notes Tables  
Schedule of Long-term Debt Instruments [Table Text Block]
(Amounts in Thousands)
  
December 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, balance due
March 24, 2021. Effective interest rate for 2016 and 2015 was 3.9% and 4.0%,
respectively. (1) (2)
   $
3,803
 
   $
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 2016 and 2015
was 3.8% and 3.7%, respectively.
(1) (2)
    
 5,030
(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 (at annual rate of 2.99%). Note paid in full in August 2016.
(3) (4)
    
─
 
    
950
(4)
Capital lease (
interest at rate of 6.0%)
  
 
─
 
    
23
 
Total debt
    
8,833
 
    
9,836
 
Less current portion of long-term debt
    
1,184
 
    
2,431
 
Long-term debt
   $
7,649
 
   $
7,405
 
Schedule of Maturities of Long-term Debt [Table Text Block]
Year ending December 31:
        
(In thousands)        
2017
   $
1,219
 
2018
    
1,219
 
2019
    
1,219
 
2020
    
1,219
 
2021
    
4,108
 
Total
  $
8,984