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Note 8 - Long-term Debt | 12 Months Ended
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Dec. 31, 2014
Disclosure Text Block [Abstract] |
Long-term Debt [Text Block] | Long-term debt as of December 31 consists of the following:
|  | 2014 |  |  | 2013 |
HSBC |  |  |  |  |  |  |  |
$2,100,000 5 year term loan payable in monthly installments of $35,000 plus interest on the unpaid principal balance which accrues at a fixed rate of 3.045%. This term loan was secured by $1 million, provided that, so long as no event of default occurred and is then continuing, HSBC would release $200,000 of the collateral on each anniversary of the closing date. As of December 31, 2014, HSBC had released $600,000, to reduce the collateral to $400,000. |  | $ | 700,000 |  |  | $ | 1,120,000 |
HSBC |  |  |  |  |  |  |  |
$6,000,000 Mortgage payable secured by real property Buildings and improvements at 355 South Technology Drive, Central Islip, NY payable in monthly principle installments of $25,000 plus interest. Interest presently accrues at our option, at the variable rate of LIBOR plus 1.75% or HSBC’s prime rate minus 0.50% The loan matures on March 1, 2022. |  |  | 3,865,508 |  |  |  | 4,165,508 |
Totals |  |  | 4,565,508 |  |  |  | 5,285,508 |
Less: Current maturities |  |  | 720,000 |  |  |  | 720,000 |
Long-term debt |  | $ | 3,845,508 |  |  | $ | 4,565,508 |
Future maturities of long-term debt as of December 31, 2014 are as follows:
2015 |  | $ | 720,000 |
2016 |  |  | 580,000 |
2016 |  |  | 300,000 |
2018 |  |  | 300,000 |
2019 |  |  | 300,000 |
Thereafter |  |  | 2,365,508 |
|  | $ | 4,565,508 |

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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 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
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