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Note 8 - Long-term Debt | 12 Months Ended
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Dec. 31, 2018
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: |  |  |  |  |  |  |  |
|  | 2018 |  |  | 2017 |
HSBC $10,387,500 Mortgage payable secured by real property Buildings and improvements at 555 N Research Drive, Central Islip, NY payable in monthly principle installments of $62,481 including Interest at a rate of 3.9148% maturing on December 1, 2022. |  | $ | 10,043,802 |  |  | $ | 10,387,500 |
MesoScribe Technologies, Inc. $300,000 acquisition related contingent payment |  |  | 200,000 |  |  |  | 300,000 |
HSBC $6,000,000 Mortgage payable secured by building 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. |  |  | 2,665,508 |  |  |  | 2,965,507 |
Total long-term debt |  | $ | 12,909,310 |  |  | $ | 13,653,007 |
Less: Current maturities |  |  | (857,590 | ) |  |  | (747,324 | )
Long-term debt |  | $ | 12,051,720 |  |  | $ | 12,905,683 |
Future maturities of long-term debt as of December 31, 2018 are as follows:
2019 |  | $ | 857,590 |
2020 |  |  | 674,593 |
2021 |  |  | 690,813 |
2022 |  |  | 10,686,314 |
2023 |  |  | - |
Thereafter |  |  | - |
Total long-term debt |  | $ | 12,909,310 |

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