9. Primary Lender Credit Agreements, Notes Payable, Subordinated and Convertible Debentures Payable

9 Months Ended

Sep. 30, 2012

Primary Lender Credit Agreements, Notes Payable, Subordinated and Convertible Debentures Payable

Credit agreements with the Company’s primary lender and notes payable consisted of the following:

	September 30,		December 31,
	2012		2011
	($ in thousands)
Credit agreements – primary lender related party:
balance is past due, bearing interest at prime plus 5%	$	500	$	500
Notes payable - $1,176,000 bearing interest at prime plus 2%,
the remainder non-interest bearing, all past due		1,198		1,198
		1,698		1,698
Subordinated debentures payable:
At 6-1/2% interest; due June 1, 1991		1,034		1,034
At 6% interest; due May 1, 1992		8,025		8,025
		9,059		9,059
Collateralized convertible debentures payable-related party:
At 14% interest; due July 8, 1997, convertible into shares of common stock at $1.72 per share		1,500		1,500
	$	12,257	$	12,257