FINANCING ARRANGEMENTS (Tables)

9 Months Ended

Sep. 30, 2014

FINANCING ARRANGEMENTS

Summary of long-term debt balances

	September 30		December 31
	2014		2013
Real Estate Term Loan 1, interest at three month LIBOR + 3.0%, due in installments through March 31, 2027	$	1,445,078	$	1,533,928
Real Estate Term Loan 2, interest at three month LIBOR + 3.0%, due in installments through December 31, 2027	1,488,000		1,571,700
Equipment loan, interest at three month LIBOR + 3.0%, due January 31, 2016	126,666		197,916
Equipment loan, interest at three month LIBOR + 3.0%, due May 31, 2018	1,182,356		1,135,546
Equipment loan, interest at three month LIBOR + 3.0%, due May 31, 2018	280,000		—
Blue Earth Bond, which bears a variable interest rate, due in installments through June 30, 2021	360,000		440,000
Total debt	4,882,100		4,879,090
Less current maturities	737,961		632,176
Long-term debt	$	4,144,139	$	4,246,914