XML 25 R28.htm IDEA: XBRL DOCUMENT v3.3.0.814

Notes Payable (Tables)

3 Months Ended

Mar. 31, 2015

Notes Payable Tables

Schedule Of Notes Payable

Notes payable consist of the following:

		March 31, 2015				December 31, 2014
Note payable to Private Bank in monthly installments of $42,222, plus variable interest rate (currently 2.67%) with a balloon payment for the remaining balance. Collateralized by substantially all assets of the Company. Maturity date - May 31, 2018.		$	4,225,555			$	4,352,222
Note payable to Private Bank in monthly installments of $27,778, plus variable interest rate (currently 2.67%) with a balloon payment for the remaining balance, maturing on May 31, 2019, collateralized by substantially all assets of the Company.			4,500,000				4,583,333
Notes payable to Ford Credit Corp. payable in monthly installments of $1,778 at 5.99%, paid March 2015.			—				12,198
Note payable to Fletcher Jones of Chicago, Ltd LLC in monthly installments of $1,769 at 6.653%, paid in March 2015.			—				49,047
Total notes payable			8,725,555				8,996,800
Less current maturities			840,000				872,285
Total long-term portion		$	7,885,555			$	8,124,515

Maturities Of Notes Payable

Maturities of notes payables are as follows:

For the 12 Months Ended March 31,
2016		$	840,000
2017			840,000
2018			840,000
2019			3,038,899
2020			3,166,656
Total		$	8,725,555

X

- References

No definition available.

+ Details

Name:	lway_NotesPayableTablesAbstract
Namespace Prefix:	lway_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 210



-SubTopic 10



-Section S99



-Paragraph 1



-Subparagraph (SX 210.5-02.19(b),22(b))



-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 235



-SubTopic 10



-Section S99



-Paragraph 1



-Subparagraph (SX 210.4-08.(e),(f))



-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690



Reference 3: http://www.xbrl.org/2003/role/presentationRef



-Publisher SEC



-Name Regulation S-X (SX)



-Number 210



-Section 08



-Paragraph f



-Article 4



Reference 4: http://www.xbrl.org/2003/role/presentationRef



-Publisher SEC



-Name Regulation S-X (SX)



-Number 210



-Section 02



-Paragraph 19, 22



-Article 5

+ Details

Name:	us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 470



-SubTopic 10



-Section 50



-Paragraph 1



-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration