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Debt (Tables)
12 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
Debt at September 30, 2014 and 2013 is summarized as follows:
 
 
 
2014
 
2013
 
Note payable to Middlesex Savings Bank for revolving line of credit. The note expires May, 2017 at which time all outstanding principal and unpaid interest shall become due and payable. The interest rate is equal the Prime Rate, but in no event less than 3.25%. The rate at September 30, 2014 was 3.25% and the note is secured by an interest in substantially all of the Company's personal property and sixty-five percent of the Company's equity interests in its UK subsidiary, Hilger Crystals, Ltd.
 
$
2,122,000
 
$
-
 
 
 
 
 
 
 
 
 
Note payable to Town of Ayer Industrial Development Finance Authority (Ayer) for an equipment line of credit made with Dynasil subsidiary Optometrics. The note payable to Ayer will be amortized over ten years with a balloon payment at five years from the date of the note. The interest rate is 5.00%. The note is secured by an interest in the equipment purchased with the line.
 
 
191,000
 
 
-
 
 
 
 
 
 
 
 
 
Note payable to Massachusetts Development Finance Agency (MBDC) for promissory note made with Dynasil subsidiary Optometrics. The note payable to MBDC is in monthly installments of $6,000 for principal and interest through March, 2019. The interest rate is 5.25%. The note is secured by an interest in substantially all of Optometric's personal property.
 
 
298,000
 
 
-
 
 
 
 
 
 
 
 
 
Convertible notes issued by Xcede, a 90% owned subsidiary, payable on demand after June 30, 2015. The interest rate is 5.00%. The notes are convertible into equity in Xcede upon completion of an equity financing raising $3,000,000, inclusive of the convertible notes and interest.
 
 
1,433,000
 
 
-
 
 
 
 
 
 
 
 
 
Note payable to Bank in monthly installments of $107,143 through July, 2015 followed by a balloon payment of the remaining principal amount. The interest rate is fixed at 5.58% for the life of the loan, and the note is secured by substantially all assets.
 
 
-
 
 
4,929,000
 
 
 
 
 
 
 
 
 
Note payable to Bank in monthly installments of $47,619 through July, 2015 followed by a balloon payment of the remaining principal amount. The interest rate is floating based on one month LIBOR plus 3.5%. The rate at September 30, 2013 was 3.68%. The rate at September 30, 2012 was 3.79%, and the note is secured by substantially all assets.
 
 
-
 
 
1,890,000
 
 
 
 
 
 
 
 
 
Subordinated note payable to Masschusetts Capital Resource Corporation in monthly installments of $25,000 through July, 2015 for interest only, followed by monthly payments of interest and principal through July 2017. The interest rate is fixed at 10.00% for the life of the loan.
 
 
3,000,000
 
 
3,000,000
 
Total Debt
 
$
7,044,000
 
$
9,819,000
 
Less current portion
 
 
(2,329,000)
 
 
(9,819,000)
 
Less convertible notes
 
 
(1,433,000)
 
 
-
 
Long term portion
 
$
3,282,000
 
$
-
 
Schedule of Maturities of Long-term Debt [Table Text Block]
The aggregate maturities of debt based on the payment terms of the agreement are as follows:
 
For the years ending on September 30:
 
 
 
 
2015
 
$
1,640,000
 
2016
 
 
1,646,000
 
2017
 
 
3,511,000
 
2018
 
 
89,000
 
2019
 
 
158,000
 
 
 
$
7,044,000