XML 43 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
Bank Debt (Tables)
 3 Months Ended
Mar. 31, 2018
Bank Debt [Abstract]  
Schedule of interest rate swaps classified as level 2 fair value

 

  

For the Three-Month

Periods Ended March 31,

 
  2018  2017 
Payments required by interest rate swaps $5,285  $11,676 
Other comprehensive income, net of taxes $43,859  $10,070 
Schedule of debt proceeds received and principal repayments made during the year

  

 For the Three-Month
Period Ended March 31, 2018

  

For the Three-Month 
Period Ended March 31, 2017

 
   

Proceeds from

Debt Issuance

   

Debt Principal

Repayments

   

Proceeds from

Debt Issuance

   

Debt Principal

Repayments

 
Loan #1 $-  $(15,888) $-  $(14,952)
Loan #2  -   (21,279)  -   (20,343)
Loan #3  -   -   -   - 
Loan #4  267,141   -   -   - 
Loan #5  -   (2,636)  340,000   - 
     Total $267,141  $(39,803) $340,000  $(35,295)
Schedule of principal payments due under debt outstanding

 

  Nine-Months 
ending 
12/31/2018		  Year 
ending 
12/31/2019		  Year 
ending 
12/31/2020		  Year 
ending 
12/31/2021		  Year 
Ending 
12/31/2022		  After 
12/31/2022		  Total 
Loan #1 $48,988  $68,908  $493,696  $-  $-  $-  $611,592 
Loan #2  64,818   89,997   94,005   98,538   103,077   1,848,151   2,298,586 
Loan #3(1)  108,778   446,518   465,345   484,965   505,412   1,502,483   3,513,501 
Loan #4(1)  62,717   86,702   90,358   94,168   98,138   2,127,917   2,560,000 
Loan #5(2)  8,766   12,109   12,607   13,125   13,665   268,479   328,751 
Total $294,067  $704,234  $1,156,011  $690,796  $720,292  $5,747,030  $9,312,430 
                           
Debt Issuance Costs                          (125,761)
   Total                         $9,186,669 

 

(1)These notes bear interest at a variable rate equal to the one-month LIBOR plus a margin of 2.25%. Figures in this table are estimated using an interest rate of approximately 4.14%. The actual interest rate and principal payments will be different.
(2)This note bears interest at a variable rate equal to the one-month LIBOR plus a margin of 2.25%. Figures in this table are estimated using an interest rate of approximately 4.04%. The actual interest rate and principal payments will be different.