| Schedule of Long Term Debt |
Long term debt consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2016 |
|
December 31, 2015 |
|
|
|
|
Term Loan Agreements |
$ |
10,192,084 |
|
|
$ |
11,980,000 |
|
Equipment Financing Agreements |
1,493,671 |
|
|
656,763 |
|
Promissory notes, net |
3,495,000 |
|
|
— |
|
|
15,180,755 |
|
|
12,636,763 |
|
Less: Current portion of Long Term Debt |
3,149,633 |
|
|
2,680,116 |
|
Long Term Debt, net of Current Portion |
$ |
12,031,122 |
|
|
$ |
9,956,647 |
|
|
|
|
|
Future minimum loan payments: |
|
|
|
Fourth quarter of 2016 |
$ |
782,049 |
|
|
|
2017 |
3,153,666 |
|
|
|
2018 |
3,170,311 |
|
|
|
2019 |
3,187,808 |
|
|
|
2020 |
1,286,357 |
|
|
|
Thereafter |
3,600,564 |
|
|
|
Total |
$ |
15,180,755 |
|
|
|
|
| Schedule of Maturities of Long-term Debt |
Long term debt consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2016 |
|
December 31, 2015 |
|
|
|
|
Term Loan Agreements |
$ |
10,192,084 |
|
|
$ |
11,980,000 |
|
Equipment Financing Agreements |
1,493,671 |
|
|
656,763 |
|
Promissory notes, net |
3,495,000 |
|
|
— |
|
|
15,180,755 |
|
|
12,636,763 |
|
Less: Current portion of Long Term Debt |
3,149,633 |
|
|
2,680,116 |
|
Long Term Debt, net of Current Portion |
$ |
12,031,122 |
|
|
$ |
9,956,647 |
|
|
|
|
|
Future minimum loan payments: |
|
|
|
Fourth quarter of 2016 |
$ |
782,049 |
|
|
|
2017 |
3,153,666 |
|
|
|
2018 |
3,170,311 |
|
|
|
2019 |
3,187,808 |
|
|
|
2020 |
1,286,357 |
|
|
|
Thereafter |
3,600,564 |
|
|
|
Total |
$ |
15,180,755 |
|
|
|
|