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Note 6 - Debt: Schedule of Long-term Debt (Tables)
12 Months Ended
Dec. 31, 2015
Tables/Schedules  
Schedule of Long-term Debt

 

 

 

2015

2014

First mortgage note payable due in monthly installments of $23 (interest

at 5.75%) through January 1, 2024; payment and rate subject to

adjustment every 3 years, next adjustment January 14, 2019

$1,789

$1,957

Second mortgage note payable due in monthly installments of $4 (interest

at 5.75%) through October 1, 2028; payment and rate subject to

adjustment every 5 years, next adjustment October 1, 2018

385

405

Total debt

2,174

2,362

Current portion of long-term debt

(199)

(2,362)

Long-term debt, net of current portion

$1,975

$-