Debt (Tables)

3 Months Ended

Mar. 31, 2014

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
Three month period ended December 31, 2013	$	(2,154,000)
Three month period ending March 31, 2014	$	494,000
Six month period ending June 30, 2014	$	2,035,000
Nine month period ending September 30, 2014	$	3,012,000
Twelve month period ending December 31, 2014	$	1,879,000

Maturities of long-term debt and capital lease obligations

EBITDA for the three month period ended March 31, 2014 was $672,000, which was in compliance with the EBITDA covenant, as amended by the Second PNC Amendment, for the period of $494,000. The EBITDA was calculated as follows:

	For the three months
	ending March 31, 2014
Net income	$	160,000
add: income tax provision		98,000
Income before income taxes		258,000
add: interest expense		209,000
add: depreciation and amortization		205,000

Earnings before interest, taxes,
depreciation, and amortization	$	672,000