FINANCING ARRANGEMENTS (Tables)

9 Months Ended

Sep. 30, 2018

FINANCING ARRANGEMENTS

Summary of long-term debt balances

Long-term debt at September 30, 2018 and December 31, 2017 consisted of the following (in thousands):

	September 30,			December 31,
	2018			2017
Real estate term notes bearing interest at one-month LIBOR + 2.25% (4.5% as of September 30, 2018) maturing June 15, 2022 with monthly payments of approximately $41 plus interest secured by substantially all assets.	$	4,377		$	4,751
Devicix Acquistion Note 1 payable to DeLange Holdings bears interest rate of 4.0% per annum, maturing July 1, 2019	200			394
Devicix Acquistion Note 2 payable to DeLange Holdings bears interest rate of 4.0% per annum, maturing July 1, 2019	260			512
	4,837			5,657
Discount on Devicix Notes Payable	(33		)	(63		)
Debt issuance Costs	(198		)	(238		)
Total long-term debt	4,606			5,356
Current maturities of long-term debt	(871		)	(1,003		)
Long-term debt - net of current maturities	$	3,735		$	4,353

Schedule of future minimum non-cancelable capital leases

Approximate future minimum lease payments under non-cancelable capital leases subsequent to September 30, 2018 are as follows (in thousands):

Year	Amount
Remainder of 2018	$	121
2019	398
2020	398
2021	398
2022	223
Thereafter	2
Total noncancelable future lease commitments	$	1,540
Less: interest	(153		)
Present value of obligations under capital leases	$	1,387