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Note 7 -Debt (Tables)
12 Months Ended
Dec. 31, 2017
Tables/Schedules  
Schedule of Long-term Debt

Long-term debt consisted of the following as of December 31, 2017 and 2016:

 

2017

 

2016

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

$ 1,422   

 

$ 1,611   

 

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

342   

 

364   

      Total debt

 

1,764   

 

1,975   

 Current portion of long-term debt

(224)  

 

(211)  

        Long-term debt, net of current portion

$ 1,540   

 

$ 1,764   

 

Schedule of Principal maturities

Principal maturities on total debt are as follows:

Years Ending

 

 

 

December 31,

 

 

 

2018

 

 

$ 224   

2019

 

 

237   

2020

 

 

251   

2021

 

 

267   

2022

 

 

283   

Thereafter

 

 

502   

Total debt

 

 

$ 1,764