LINE OF CREDIT AND LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2017

The Company's outstanding debt facilities as of September 30, 2017 and December 31, 2016 are summarized as follows:



Creditor	Loan Type	Origination Date	Maturity Date	Loan Amount		Balance on September 30, 2017			Balance on December 31, 2016
Encina Business Credit, LLC	Term Loan	February 1, 2017	February 1, 2020	$	20,000,000	$	13,975,000		$	—
Encina Business Credit SPV, LLC	Revolving Note	February 1, 2017	February 1, 2020	$	10,000,000	3,738,483			—
MidCap Revolving Line of Credit	Revolving Note	March, 2015	March, 2017 (1)	$	7,000,000	—			2,726,039
Goldman Sachs USA	Term Loan - Restated Credit Agreement	January 29, 2016	May 2, 2019 (1)	$	8,900,000	—			4,000,000
Fox Encore Promissory Note	Promissory Note	January 29, 2017	January 31, 2017 (1)	$	5,150,000	—			5,150,000
Pacific Western Bank	Capital Lease	September, 2012	August, 2017	$	3,154,860	—			133,153
Texas Citizens Bank	Term Note	January, 2015	January, 2020	$	2,045,500	966,847			1,531,506
Various institutions	Insurance premiums financed	Various	< 1 year	$	2,902,428	1,489,881			1,060,065
Total						$	20,170,211		$	14,600,763
Deferred finance cost, net						(1,384,944		)	(244,178		)
Total, net of deferred finance costs						$	18,785,267		$	14,356,585

(1) Paid in full and terminated on February 1, 2017

Future contractual maturities of notes payable are summarized as follows:



Creditor	Year 1			Year 2			Year 3			Year 4		Year 5		Thereafter
Encina Business Credit, LLC	$	3,738,483		$	—		$	—		$	—	$	—	$	—
Encina Business Credit SPV, LLC	900,000			900,000			900,000			11,275,000		—		—
Texas Citizens Bank	488,194			478,653						—		—		—
Various institutions	1,489,881			—			—			—		—		—
Totals	6,616,558			1,378,653			900,000			11,275,000		—		—
Deferred finance costs, net	(581,479		)	(581,479		)	(221,986		)	—		—		—
Totals, net of deferred finance costs	$	6,035,079		$	797,174		$	678,014		$	11,275,000	$	—	$	—