BONDS PAYABLE (Tables)

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Schedule of bonds and interest payable

Following is the outstanding balance of SPC’s bonds and interest payable as of March 31, 2019 and December 31, 2018 (dollars in thousands):

	March 31, 2019			December 31, 2018
Bonds (Series A)	$	99,376		$	106,686
Bonds (Series B)		37,913			36,740
Bonds (Series B expansion)		19,906			19,290
Total outstanding bonds		157,195			162,716
Less: deferred bond issuance costs		(7,587	)		(8,179	)
Total outstanding bonds, net		149,608			154,537
Accrued Interest		1,857			4,037
Total oustanding bonds, net and accrued interest	$	151,465		$	158,574

Schedule of principal payments on the bonds payable

The aggregate maturity of the bonds are as follows:

Year	March 31, 2019		December 31, 2018
2019	$	11,024	$	22,049
2020		22,049		22,049
2021		33,629		33,629
2022		33,629		33,629
2023		30,070		30,070
Thereafter		26,794		21,290
	$	157,195	$	162,716