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Notes Payable (Tables)

6 Months Ended

Jun. 30, 2015

Notes Payable Tables

Schedule Of Notes Payable

		June 30, 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.		$	4,098,889			$	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.			4,280,439				4,583,333
Notes payable to Ford Credit Corp. payable in monthly installments of $1,778 at 5.99%, paid in 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			8,379,328				8,996,800
Less current maturities			840,000				872,285
Total long-term portion		$	7,539,328			$	8,124,515

Maturities Of Notes Payable

Maturities of notes payables are as follows:

For the 12 Months Ended June 30,
2016		$	840,000
2017			840,000
2018			840,000
2019			2,912,233
2020			2,947,095
Total		$	8,379,328

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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.

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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.

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