Long-Term Debt

12 Months Ended

Dec. 31, 2012

Long-term Debt, Unclassified [Abstract]

Long-Term Debt

6.     Long-Term Debt

Maturities of long-term debt for succeeding years are as follows:

	Year ended December 31,
	2012		2011
Loan from Cole Taylor, payable in monthly installments of $12,300, plus interest at prime plus 2% with a balloon payment of approximately $2,210,300 in June 2016; secured by real property at Ukiah.	$	2,718,300	$	2,885,600
Loan from Cole Taylor, payable in monthly installments of $25,200 including interest at prime plus 1.5% with a balloon payment of approximately $552,600 in June 2016; secured by all assets of Releta and MBC, excluding real property at Ukiah.		1,714,100		1,818,900
		4,432,400		4,704,500
Less current maturities		450,000		423,600
	$	3,982,400	$	4,280,900

Principal payments due during Year Ending December 31,
2013	$	450,000
2014		450,000
2015		450,000
2016		3,082,400
	$	4,432,400

MBC and Releta have a series of loans with Cole Taylor Bank. On March 29, 2013, MBC, Releta and Cole Taylor Bank entered into an amendment to the loan documents which clarified the method by which the fixed charge coverage ratio shall be calculated. To the extent MBC and Releta may have been in breach of the covenants related to the fixed charge coverage ratio for certain periods, Cole Taylor Bank has agreed in the amendment that such breach is waived and that no event of default has occurred by reason of such breach