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Long Term Debt and Other Term Obligations | 12 Months Ended
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Dec. 31, 2017
Line of Credit and Long Term Debt [Abstract] |
Long-term Debt [Text Block] |
| 13. | Long Term Debt and Other Term Obligations
Long term debt and other obligations consisted of the following as of the periods presented below:
|  | DECEMBER 31, 2017 |  | DECEMBER 31, 2016 |
|  | Current |  | Non-Current |  |  |  |  | Current |  | Non-Current |  |  |  |
|  | Portion |  | Portion |  | Total |  | Portion |  | Portion |  | Total |
Mortgage Debt (Assets Held for Sale) (1) |  | $ | - |  | $ | - |  | $ | - |  | $ | 20,187 |  | $ | 412,180 |  | $ | 432,367 |
Bank Term Note (2) |  |  | - |  |  | - |  |  | - |  |  | 74,681 |  |  | - |  |  | 74,681 |
Capital Lease Obligations (3) |  |  | 101,591 |  |  | 232,109 |  |  | 333,700 |  |  | 4,097 |  |  | - |  |  | 4,097 |
Total Long Term Debt |  | $ | 101,591 |  | $ | 232,109 |  | $ | 333,700 |  | $ | 98,965 |  | $ | 412,180 |  | $ | 511,145 |
Deferred Rent Liability (4) |  |  | 70,021 |  |  | 78,336 |  |  | 148,357 |  |  | 40,397 |  |  | 86,198 |  |  | 126,595 |
Short term installment borrowings (5) |  |  | 133,250 |  |  | - |  |  | 133,250 |  |  | 131,761 |  |  | - |  |  | 131,761 |
Total Other Term Obligations |  | $ | 203,271 |  | $ | 78,336 |  | $ | 281,607 |  | $ | 172,158 |  | $ | 86,198 |  | $ | 258,356 |
(1) On December 17, 2010, the Company entered into a real estate purchase agreement to acquire the Lewis Center Facility for approximately $677,000 and financed a significant portion of the purchase price with a $528,000 ten-year mortgage with Cardinal Bank. On May 22, 2017, the Company completed the sale of this real estate asset and paid off the balance of the mortgage. See Note 3 for additional information regarding the sale of the property. (2) On December 31, 2011, the Company entered into a $4.0 million 5-year term note with Cardinal Bank to fund a portion of the purchase price paid in connection with the asset purchase agreement with Avalon Global Solutions, Inc. dated December 30, 2011. The Company paid the last scheduled installment on January 6, 2017. (3) As more fully described in Note 8, the Company entered into capital leases to acquire computer hardware and software for its client facing infrastructure and two new automobiles that expire between 2020 and 2021. (4) The Company has two significant long term building lease obligations that contain fixed rent escalations and rent abatements. The Company has recognized a deferred rent liability related to the difference between actual cash rent paid and rent recognized for financial reporting purposes. (5) The Company annually finances the cost of its commercial liability insurance premiums for a period of less than 12 months. During the years ended December 31, 2017 and 2016, the Company financed approximately $191,400 and $177,300, respectively. Future repayments on long-term and other obligations are as follows for fiscal years ending December 31:
|  | Long-Term |  | Other Term |
|  | Debt |  | Obligations |
2018 |  |  | 101,591 |  |  | 203,271 |
2019 |  |  | 108,546 |  |  | 12,840 |
2020 |  |  | 117,361 |  |  | 3,063 |
2021 |  |  | 6,202 |  |  | 1,251 |
2022 |  |  | - |  |  | 5,566 |
Thereafter |  |  | - |  |  | 55,616 |
Total |  | $ | 333,700 |  | $ | 281,607 |
The following sets forth the Company’s future minimum payment obligations under capital lease agreements for fiscal years ending December 31:
2018 |  | $ | 122,620 |
2019 |  |  | 122,620 |
2020 |  |  | 119,621 |
2021 |  |  | 7,908 |
Total principal and interest payments |  |  | 372,769 |
Less: portion representing interest |  |  | 39,069 |
Present value of minimum lease payments |  |  |  |
under capital lease agreements |  |  | 333,700 |
Less: current portion |  |  | 101,591 |
Capital lease obligations, net of current portion |  | $ | 232,109 |

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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