Long-Term Debt (Tables)
|9 Months Ended|
Sep. 30, 2018
|Debt Disclosure [Abstract]|
|Schedule of Long-term Debt||
Long-term debt consists of the following at September 30, 2018 and December 31, 2017:
(1) Our revolving credit facility is collateralized by our accounts receivable and our term loan is collateralized by our property, plant, and equipment.
(2) Net of debt issuance costs of ($88,000) and ($115,000) at September 30, 2018 and December 31, 2017, respectively.
(3) One capital lease payable through December 2020, interest at rate of 11.9%.
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://fasb.org/us-gaap/role/ref/legacyRef