December 31,
2017

March 31, 2018

Goldman Sachs - Tranche A Term Loan - LIBOR Interest on loan date plus 8%, 9.65% at March 31, 2018

$

7,083,257

$

7,815,668

Promissory note payable to a bank, unsecured, bearing interest at a variable rate, 4.75%, at March 31, 2018 with a floor of 4.75% due on demand

1,000,000

Promissory note payable to a bank, unsecured, bearing interest at 5.5%, due on demand

299,578

Promissory note payable to a bank, unsecured, bearing interest at a variable rate, 5%, at March 31, 2018 with a floor of 5.00% due in monthly installments of $12,300, maturing August 2022

622,259

604,768

Note payable, see description below

-

2,920,691

Less: deferred loan costs

-

(930,416

)

Notes payable to seller of Meridian, subordinated debt

1,475,000

Total debt

10,480,094

13,185,289

Less: current portion

(8,502,387

)

(4,820,629

)

Long term debt less current portion

$

1,977,707

$

8,364,660