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Bank Debt (Tables)

9 Months Ended

Sep. 30, 2018

Bank Debt [Abstract]

Schedule of interest rate swaps classified as level 2 fair value

		During the Three-Month Periods Ended September 30,								During the Nine-Month Periods Ended  September 30,
		2018				2017				2018				2017
Payments required by interest rate swaps		$	1,391			$	8,115			$	9,499			$	29,834
Other comprehensive income, net of taxes		$	14,330			$	1,824			$	74,430			$	3,419

Schedule of debt proceeds received and principal repayments made during the year

		During the Three-Month Periods Ended
		September 30, 2018								September 30, 2017
		Proceeds from Debt Issuance				Debt Principal Repayments				Proceeds from Debt Issuance				Debt Principal Repayments
Loan #1		$	-			$	(16,219	)		$	-			$	(15,264	)
Loan #2			-				(21,279	)			-				(20,343	)
Loan #3			426,499				-				2,184,343				-
Loan #4			-				(32,000	)			-				-
Loan #5			-				(2,640	)			-				(2,802	)
Total		$	426,499			$	(72,138	)		$	2,184,313			$	(38,409	)

		During the Nine-Month Periods Ended
		September 30, 2018								September 30, 2017
		Proceeds from Debt Issuance				Debt Principal Repayments				Proceeds from Debt Issuance				Debt Principal Repayments
Loan #1		$	-			$	(47,995	)		$	-			$	(45,168	)
Loan #2			-				(63,837	)			-				(61,029	)
Loan #3			426,499				-				2,684,343				-
Loan #4			267,141				(64,000	)			-				-
Loan #5			-				(8,055	)			340,000				(5,784	)
Total		$	693,640			$	(183,887	)		$	3,024,343			$	(111,981	)

Schedule of principal payments due under debt outstanding

		Three-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		$	16,881			$	68,908			$	493,696			$	-			$	-			$	-			$	579,485
Loan #2			22,260				89,997				94,005				98,538				103,077				1,848,151				2,256,028
Loan #3(1)			140,714				562,857				562,857				562,857				562,857				1,547,858				3,940,000
Loan #4(1)			32,000				128,000				128,000				128,000				128,000				1,952,000				2,496,000
Loan #5(2)			2,874				11,812				12,332				12,874				13,441				270,000				323,333
Total		$	214,729			$	861,574			$	1,290,890			$	802,269			$	807,375			$	5,618,009			$	9,594,846
Debt Issuance Costs																											(117,355	)
Total																										$	9,477,491

⁽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 4.35%. 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 4.31%. The actual interest rate and principal payments will be different.

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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.

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