XML 60 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
LONG-TERM DEBT. (Tables)
12 Months Ended
Dec. 29, 2012
LONG-TERM DEBT.  
Schedule of components of long-term debt

 

 

 

2012

 

2011

 

Revolving line of credit

 

$

14,089,063

 

$

11,653,460

 

 

 

 

 

 

 

Capital lease obligation under a sale / leaseback transaction, fixed rate of 5.5%, payable in monthly installments, collateralized by real estate

 

 

3,528,374

 

 

 

 

 

 

 

Obligation under industrial development revenue bonds, variable rates, collateralized by real estate

 

 

700,000

 

 

 

 

 

 

 

Term loan, payable in monthly installments including interest at a fixed rate of 2.75%, with final maturity in May 2013, collateralized by specific equipment

 

16,934

 

66,825

 

 

 

 

 

 

 

Total

 

14,105,997

 

15,948,659

 

 

 

 

 

 

 

Less, current maturities

 

16,934

 

246,192

 

Long-term debt

 

$

14,089,063

 

$

15,702,467