Long term debt and revolving line of credit

3 Months Ended

Mar. 31, 2017

Long term debt and revolving line of credit:

Long term debt and revolving line of credit

Note 15 - Long term debt and revolving line of credit

Long term debt

Long term debt consists of the following:

		March 31, 2017		December 31, 2016
Commercial credit agreement with Bond Street Servicing, LLC at 11.6% interest per annum, semi-monthly payments of $1,648, maturing October 16, 2019. Net of $3,390 and $3,723 unamortized loan service fee, respectively.	$	84,570	$	91,488
Auto loan through Hyundai Motor Finance, interest at 2.99% per annum, monthly principle and interest payments of $878, maturing December 2018.		3,057		6,004
Total notes payable		87,627		97,492
Less: Current maturities		(29,078)		(28,226)
	$	58,549	$	69,226

Commercial credit agreement with Bond Street Servicing, LLC

WCI entered into a commercial credit agreement with Bond Street Servicing, LLC which required a $4,000 loan service fee which is being amortized as additional interest over the life of the loan on a straight line basis. The unamortized loan service fee balance was $3,390 and $3,723 at March 31, 2017 and December 31, 2016, respectively.