March 31,

December 31,

2017

2016

($ in thousands)

Notes payable - $1,176,000 bearing interest at prime plus 2%, the remainder non-interest bearing, all past due

1,198

Subordinated convertible debentures payable:

At 6-1/2% interest; due June 1, 1991

447

At 6% interest; due May 1, 1992

8,025

8,472

$

9,670

$

9,670