2012

2011

2010

Unsecured senior note - 7.9%, due serially with annual payments of $355,000 beginning on September 1, 2006 through 2016 and $795,000 due in 2017

$

2,215,000

$

2,570,000

$

2,925,000

Note payable - 6.5% with monthly installments through 2013

4,584,321

5,050,408

5,487,679

Note payable - variable rate with 4.5% floor with monthly

installments through May 2015

826,573

928,249

1,018,363

M&T Bank - new truck loan

—

2,995

9,786

M&T Bank - excavator & radio equipment

—

6,066

17,285

M&T Bank - backhoe & skidsteer loader

—

21,835

46,493

Community Bank - used trucks (5) loan

—

19,980

M&T Bank - used truck loan

4,660

6,854

8,902

M&T Bank - used truck loan

1,670

8,124

14,196

M&T Bank - vehicles loan

26,702

54,220

80,127

Note Payable - 5.76% with monthly installments through

November 2015

1,599,241

1,747,565

—

M&T Bank - used truck loan

4,944

9,252

—

Note Payable - variable rate with 4.25% floor, monthly

installments through November 2016

1,847,090

2,000,000

—

M&T Bank - new trucks loan

50,455

74,296

—

M&T Bank - vehicles loan

29,018

—

Note Payable - variable rate with 3.75% floor, monthly

installments through November 2017

2,450,000

—

Note Payable - 4.46% with monthly installments through

July 2017, then refinanced at new rate

248,703

—

Note Payable - 4.46% with monthly installments through

July 2017, then refinanced at new rate

248,703

—

Total long-term debt

$

14,137,080

$

12,479,864

$

9,627,811

Less current installments

1,571,553

1,300,063

971,417

Long-term debt less current installments

$

12,565,527

$

11,179,801

$

8,656,394