XML 41 R14.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Note 8 - Long-term Debt | 12 Months Ended
--- | ---
Dec. 31, 2017
Notes to Financial Statements |
Long-term Debt [Text Block] | Note 8 – Long-term Debt Long-term debt as of December 31 consists of the following:
|  | 201 7 |  |  | 20 16 |
HSBC $10,387,500 Mortgage payable secured by real |  |  |  |  |  |  |  |
Property, buildings and improvements at 555 N Research |  |  |  |  |  |  |  |
Place, Central Islip, NY payable in monthly principle |  |  |  |  |  |  |  |
Installments of $62,777.60 including interest at a rate of 3.9148%, maturing on December 1, 2022 |  | $ | 10,387,500 |  |  | $ | --- |
Mesoscribe Technologies, Inc. $300,000 acquisition related contingent payment |  |  |  |  |  |  |  |
|  | $ | 300,000 |  |  |  | --- |
HSBC $6,000,000 Mortgage payable secured by real Property, b uildings 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. |  |  | 2,965,508 |  |  |  | 3,265,508 |
Total long-term debt |  |  | 13,653,008 |  |  |  | 3,265,508 |
Less: Current maturities |  |  | 747,325 |  |  |  | 300,000 |
Long-term debt |  | $ | 12,905,683 |  |  | $ | 2,965,508 |
Future maturities of long-t erm debt as of December 31, 2017 are as follows:
2018 |  | $ | 747,324 |
2019 |  |  | 861,364 |
2020 |  |  | 674,893 |
2021 |  |  | 691,125 |
2022 |  |  | 10,678,302 |
Thereafter |  |  | -- |
Total long-term debt |  | $ | 13,653,008 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration