Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2019

Long-Term Debt

Schedule of long-term debt

	September 30,		December 31,
	2019		2018
	($000’s omitted)
Term loan payable to a financial institution; Interest rate  option of bank prime or Libor plus 1.4% (3.840% as of June 30, 2019), monthly prinicipal payments of $21,833 through 2021 with a balloon payment of $786,000 due December 1, 2021	$	1,375	$	1,572
Term loan payable to a financial institution; Interest rate  option of bank prime or Libor plus 1.4%  (3.840% as of June 30, 2019), monthly prinicipal payments of $23,810 through December 1, 2021		643		857
Line of credit payable to a financial institution; Interest rate option of bank prime 5.25%.  Line of credit expires June 19, 2021		1,000		—
Equipment financing lease obligations; Interest rate fixed for term of each funding based upon the Lender’s lease pricing at time of funding. (Interest rate/factor 1.822758% - 1.869304% at time of funding)		511		704
Equipment note obligations; Interest rate fixed for term of each funding based upon the Lender's lease pricing at time of funding. (Interest rate/factor 3.3943% - 3.8527% at time of funding)		661		—
		4,190		3,133
Less current portion		(844)		(723)
	$	3,346	$	2,410

Schedule of payments for capital lease obligations

	September 30,		December 31,
Year	2019		2018
	($000’s omitted)
2019		80		193
2020		321		193
2021		321		193
2022		310		193
2023		159		—
2024		96		4
Total principal and interest payments		1,287		776
Less amount representing interest		(116)		(72)
Present value of net minimum lease payments		1,171		704
Less current portion		(296)		(175)
Long term principle payments	$	875	$	529