Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2020

Long-Term Debt

Schedule of long-term debt

	June 30,		December 31,
	2020		2019
	($000’s omitted)
Paycheck protection progam payable to financial institutions: Interest rate of 1% per annum. Unforgiven portion is payable monthly until April 20, 2022 (A)	$	4,000	$	—
Line of credit payable to a financial institution; Interest rate option of bank prime or Libor plus 1.65%  (1.579% as of June 30, 2020) (B) (C )		3,750		3,000
Term loan payable to a financial institution; Interest rate option of bank prime or Libor plus 1.4%  (1.573% as of June 30, 2020), monthly prinicipal payments of $21,833 through 2021 with a balloon payment of $786,000 due December 1, 2021 (C)		1,179		1,310
Term loan payable to a financial institution; Interest rate option of bank prime or Libor plus 1.4%  (2.981130% as of June 30, 2020), monthly prinicipal payments of $23,810 through December 1, 2021 (C)		430		571
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 1.8259% - 1.835015% as of June 30, 2020) (D)		602		670
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) (E)		388		468
		10,349		6,019
Less current portion		(849)		(849)
	$	9,500	$	5,170

Schedule of payments for capital lease obligations

	June 30,		December 31,
Year	2020		2019
	($000’s omitted)
2020	$	166	$	331
2021		331		331
2022		316		316
2023		169		169
2024		97		97
Total principal and interest payments		1,079		1,244
Less amount representing interest		(89)		(106)
Present value of net minimum lease payments		990		1,138
Less current portion		(301)		(301)
Long-term principle payments	$	689	$	837