Long Term Debt (Tables)
|9 Months Ended|
Sep. 30, 2017
|Debt Disclosure [Abstract]|
|Schedule of Long-term Debt||
Long-term debt consists of the following at September 30, 2017 and December 31, 2016:
(1) Our revolving credit facility is collateralized by our accounts receivable and our term loan is collateralized by our property and equipment.
(2) Prior to April 1, 2016, the monthly installment payment under the term loan was approximately $190,000.
(3) Net of debt issuance costs of ($124,000) and ($151,000) at September 30, 2017 and December 31, 2016, respectively.
Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.
Reference 1: http://www.xbrl.org/2003/role/presentationRef