XML 33 R15.htm IDEA: XBRL DOCUMENT v3.3.0.814
FINANCING ARRANGEMENTS (Tables)
9 Months Ended
Sep. 30, 2015
FINANCING ARRANGEMENTS.  
Summary of long-term debt balances

 

 

 

 

September 30

 

December 31

 

 

 

2015

 

2014

 

Real Estate Term Loan 1, interest at three month LIBOR + 2.75%, due in installments through March 31, 2027

 

$

1,326,611

 

$

1,415,461

 

Real Estate Term Loan 2, interest at three month LIBOR + 2.75%, due in installments through December 31, 2027

 

1,376,400

 

1,460,100

 

Equipment loan, interest at three month LIBOR + 2.75%, due January 31, 2016

 

 

102,917

 

Equipment loan, interest at three month LIBOR + 2.75%, due May 31, 2018

 

 

1,117,863

 

Equipment loan, interest at three month LIBOR + 2.75%, due May 31, 2018

 

 

349,000

 

Equipment loan, interest at three month LIBOR + 2.75%, due May 31, 2018

 

2,552,480

 

 

Blue Earth Bond, which bears a variable interest rate, due in installments through June 30, 2021

 

280,000

 

360,000

 

Devicix Acq Note 1, subordinate debt, interest at 4.0% due July 1, 2019

 

942,070

 

 

 

Devicix Acq Note 2, subordinate debt, interest at 4.0% due July 1, 2019

 

1,224,691

 

 

 

Discount on Devicix Notes Payable

 

(151,984

)

 

 

Debt Issuance Costs

 

(48,744

)

 

 

 

 

 

 

 

Total debt

 

7,501,524

 

4,805,341

 

Less current maturities

 

1,399,860

 

732,835

 

 

 

 

 

 

 

Long-term debt

 

$

6,101,664

 

$

4,072,506