Short-term and long-term debt (Tables)

12 Months Ended

Dec. 31, 2014

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

December 31,	2014		2013
(in thousands)
Short-term & long-term debt
Short-term debt:
- Bank credit line	$	6,056	$	15,080
- Long-term debt: current		264		287
Subtotal		6,320		15,367
Long-term debt:
- Bank credit line		4,000		4,000
- Building and land mortgage		437		603
- Vehicle and equipment loans		172		298
- Capital lease obligations		44		57
- Less: current maturities		(264)		(287)
Subtotal		4,389		4,671
Total short-term & long-term debt	$	10,709	$	20,038

Schedule of Minimum EBIDTA

The Third PNC Amendment also amended the Minimum EBITDA covenant in the PNC Facility to require that the Company maintain, on a trailing 12 month basis, tested quarterly, minimum EBITDA for the quarters ending June 30, 2014 through December 31, 2014, as follows:

Period	Amount
Six month period ending June 30, 2014	$	1,123,000
Nine month period ending September 30, 2014	$	1,330,000
Twelve month period ending December 31, 2014	$	802,000

Schedule Of EBITDA Calculation

The EBITDA was calculated as follows:

	For the year ended December 31, 2014
Net (loss)	$	(720,000)
less: income tax benefit		(906,000)
Loss before income taxes		(1,626,000)
add: interest expense		641,000
add: depreciation and amortization		979,000
add: value of share-based payment arrangements		708,000
Add: other non-cash expense		414,000
Earnings before interest, taxes, depreciation, and amortization	$	1,116,000

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)
-2016		277
-2017		112
-2018		4,000

Total	$	4,389

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)
-2015	$	31
-2016		15
-2017		2
Subtotal		48
Less interest expense		(4)
Total	$	44