NOTES PAYABLE AND CAPITAL LEASE OBLIGATIONS (Tables)

9 Months Ended

Sep. 30, 2016

Notes and Loans Payable [Abstract]

Notes payable and capital lease obligations

Notes payable and capital lease obligations consist of the following:

	September 30,			December 31,
	2016			2015
	(Unaudited)
Revolving credit note payable to PNC Bank N.A. ("PNC")	$	25,822,000		$	29,604,000
Term loans, PNC		7,019,000			9,833,000
Capital lease obligations		6,206,000			5,018,000
Related party notes payable		1,378,000			350,000
Notes payable (private placement)		2,174,000			-
Subtotal		42,599,000			44,805,000
Less: Current portion of notes and capital obligations		(34,106,000	)		(40,893,000	)
Notes payable and capital lease obligations, net of current portion		8,493,000			3,912,000

Future minimum principal payments for term loan

As of September 30, 2016, the scheduled future minimum principal payments for the term loans are as follows, however as discussed above, the balance of the term loans have been classified as current:

For the twelve months ending	Amount
For the 12 Months Ended 9/30/17	$	1,478,000
For the 12 Months Ended 9/31/18		1,478,000
For the 12 Months Ended 9/31/19		1,478,000
For the 12 Months Ended 9/31/20		1,478,000
For the 12 Months Ended 9/31/21		1,107,000
PNC Term Loan payable		7,019,000
Less: Current portion		(7,019,000	)
Long-term portion	$	-

Future minimum lease payments, including imputed interest

As of September 30, 2016, the aggregate future minimum lease payments, including imputed interest, with remaining terms of greater than one year are as follows:

For the twelve months ending	Amount
For the 12 Months Ended 9/30/2017	$	1,599,000
For the 12 Months Ended 9/30/2018		1,602,000
For the 12 Months Ended 9/30/2019		1,431,000
For the 12 Months Ended 9/30/2020		952,000
For the 12 Months Ended 9/30/2021		218,000
Thereafter		2,012,000
Total future minimum lease payments		7,814,000
Less: imputed interest		(1,608,000	)
Less: current portion		(1,265,000	)
Total Long Term Portion	$	4,941,000