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Long-Term Debt
3 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Long-Term Debt

5. Long-Term Debt

 

On October 5, 2016, the Company refinanced $8.0 million of long-term debt by borrowing $9.9 million. The new unsecured debt is payable $118,817 per month, including interest at 12%, and matures in five years with a balloon payment for the remaining balance at maturity. The refinanced debt was comprised of interest-only notes that were scheduled to mature with full principal payments in October 2017.