Short-term and long-term debt (Tables)

12 Months Ended

Dec. 31, 2013

Elements of short-term and long-term debt are as follows:

December 31,	2013		2012
(in thousands)
Short-term & long-term debt
Short-term debt:
- Bank credit line	$	15,080	$	12,451
- Long-term debt: current		287		285
Subtotal		15,367		12,736
Long-term debt:
- Bank credit line		4,000		4,000
- Building and land mortgage		603		764
- Vehicle and equipment loans		298		327
- Capital lease obligations		57		114
- Less: current maturities		(287)		(285)
Subtotal		4,671		4,920
Total short-term & long-term debt	$	20,038	$	17,656

Schedule of Minimum EBIDTA

The amendment suspended the minimum fixed charge ratio covenant until the quarterly period ending March 31, 2015 and set the minimum EBITDA for the quarters ended December 31, 2013 through December 31, 2014, as follows:

Period	Amount
3 month period ended December 31, 2013	$	(2,154,000)
3 month period ending March 31, 2014	$	494,000
6 month period ending June 30, 2014	$	2,035,000
9 month period ending September 30, 2014	$	3,012,000
12 month period ending December 31, 2014	$	1,879,000

Schedule Of EBITDA Calculation

The EBITDA was calculated as follows:

For the 3 months ending December 31, 2013
Net loss	$	(1,530,000)
less: income tax benefit		(934,000)
Loss before income taxes		(2,464,000)
less: interest expense		246,000
less: depreciation and amortization		208,000

Earnings before interest, taxes, depreciation, and amortization	$	(2,010,000)

Maturities of long-term debt and capital lease obligations

Scheduled maturities of the Company's long-term debt and capital lease obligations are as follows:

Years ended December 31,	Amount
(in thousands)
- 2014	$	287
- 2015		4,284
- 2016		274
- 2017		113

Total	$	4,958

Future minimum lease payments under capital leases

Scheduled future minimum lease payments under capital leases net of interest are as follows:

Years ended December 31,	Amount
(in thousands)
- 2014	$	32
- 2015		22
- 2016		6
		60
Less interest expense		(3)
Total	$	57