XML 42 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Notes Payable (Tables)
 9 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table summarizes our notes payable balances as of September 30, 2014 and December 31, 2013: 
 
 
September 30, 2014
 
December 31, 2013
Term note payable - 4.25 percent at September 30, 2014 (prime plus 1 percent), due September 10, 2017.
 
$
2,000,000

 
$
2,888,888

Revolving credit line - 3.75 percent at September 30, 2014 (prime plus .5 percent), due September 29, 2016.
 
2,493,275

 
3,254,745

Total
 
4,493,275

 
6,143,633

Less: current portion
 
(1,659,942
)
 
(2,548,333
)
Term note payable and revolving credit line - long term portion
 
$
2,833,333

 
$
3,595,300
Schedule of Maturities of Long-term Debt
Principal payments under the term note payable are due as follows as of September 30, 2014:

2014
$
166,667

2015
666,667

2016
666,667

2017
499,999

Total
$
2,000,000