Long term Debt to financial institutions (Tables)

12 Months Ended

Dec. 31, 2013

Long term Debt to financial institutions (Tables)

Schedule of Long-term Debt Instruments

Following is a summary of our long-term debt to financial institutions as of December 31, 2013 and 2012:

(In thousands)		December 31,
		2013		2012
Fixed Rate term note payable to a U.S. bank, with an interest rate of 5.5% at December 31, 2013, due January 1, 2016, secured by real estate, leasehold improvements, property, plant and equipment, inventory and accounts receivable of our U.S. operation.	$	911	$	1,309
Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 3.85% at December 31, 2013, due July 1, 2029, secured by TPT's land and office building purchased July 2004.  (€256)		351		363
Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 3.3% at December 31, 2013, due January 31, 2030, secured by TPT's land and building purchased January 2005.  (€280)		386		395
Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.05% at December 31, 2013, due July 31, 2015, secured by TPT's assets.  (€58)		80		143
Fixed rate Euro term note payable to a Netherlands bank, with an interest rate of 4.25% at December 31, 2013, due July 5, 2014, secured by TPT's assets.  (€101)		139		442
Malaysian Ringgit term note payable to a Malaysian bank, with an interest rate of 6.6% at December 31, 2013, due March 1, 2015, secured by TMM's property, plant and equipment. (RM 2,625)		801		866
Malaysian Ringgit term note payable to a Malaysian bank, with an interest rate of 6.6% at December 31, 2013, due October 25, 2018, secured by TMM's property, plant and equipment. (RM 4,229)		1,290		-
Total		3,958		3,518
Less current maturities		1,040		1,202
Total long-term debt - financial institutions, net of current maturities	$	2,918	$	2,316