7. EQUIPMENT NOTES PAYABLE AND CAPITAL LEASES

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

EQUIPMENT NOTES PAYABLE AND CAPITAL LEASES

One member of the Group, Greater Baltimore Diagnostic Imaging Partnership is the maker of a promissory note for the purpose of acquiring imaging equipment. The note has an interest rate of 3.5% matures on October 1, 2018 and is collateralized by the acquired equipment. At December 31, 2016, there remains a balance of $357,000 (unaudited), payable as follows: $201,000 (unaudited) in 2017 and $156,000 (unaudited) in 2018.

As stated in Note 3 above, on August 8, Franklin Imaging LLC assumed capital lease debt as part of its acquisition of a facility in Rosedale, MD. Future minimum lease payments under the capital lease for years ending December 31 (in thousands) are as follows:

	(unaudited)
2017	$	74
2018		74
2019		74
2020		20
2021		–
Thereafter		–
Total minimum payments		242
Amount representing interest		(21	)
Present value of net minimum lease payments		221
Less current portion		(64	)
Long-term portion lease obligations	$	157