7. Notes Payable

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Notes Payable

Notes payable consisted of the following:

	2018		2017
	($ in thousands)
Notes Payable-
At prime plus 2%, due October 1, 1985	$	176	$	176
At prime plus 2%, due October 1, 1987		1,000		1,000
Non-interest bearing, due August 1, 1993		22		22
	$	1,198	$	1,198

The prime rate at December 31, 2018 and 2017, was 5.5% and 4.5%, respectively.

The overall weighted-average interest rate for the Company’s credit agreements with its notes and mortgages was approximately 6.8% and 6.0% at December 31, 2018 and 2017, respectively.

Accrued interest on notes payable consisted of the following:

	2018		2017
	($ in thousands)
Notes Payable-
At prime plus 2%, due October 1, 1985	$	464	$	452
At prime plus 2%, due October 1, 1987		2,835		2,766
	$	3,299	$	3,218

All of the outstanding notes payable including accrued interest are past due.