XML 53 R43.htm IDEA: XBRL DOCUMENT v3.7.0.1
Line of Credit and Long Term Debt (Details) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Debt Instrument [Line Items]    
Long-Term Debt $ 427,483 $ 507,048
Less: current portion 20,491 94,868
Long-term debt, net of current portion 406,992 412,180
Long-term debt related to assets held for sale, net of current portion 406,992 412,180
Cardinal Bank Mortgage Dated December 17, 2010 [Member]    
Debt Instrument [Line Items]    
Long-Term Debt [1] 427,483 432,367
Cardinal Bank Term Note Dated December 31, 2011 [Member]    
Debt Instrument [Line Items]    
Long-Term Debt [2] $ 0 $ 74,681
[1] On December 17, 2010, the Company entered into a real estate purchase agreement to acquire operations and call center facility in Columbus, Ohio for approximately $677,000 and financed a significant portion of the purchase price with a $528,000 ten-year mortgage with Cardinal Bank. The mortgage loan bears interest at 6.0% with monthly principal and interest payments of approximately $3,800, and matures on December 17, 2020. The mortgage loan principal and interest payments are based on a twenty-year amortization with the unpaid balance due at maturity. The mortgage loan is secured by the real estate. This mortgage obligation was classified separately as a liability held for sale on the condensed consolidated balance sheets. See Note 3 for additional information regarding the planned sale of the Lewis Center Facility.
[2] On December 31, 2011, the Company entered into a $4.0 million 5-year term note with Cardinal Bank (“Cardinal Bank Term Note”) to fund a portion of the purchase price paid in connection with the asset purchase agreement with Avalon Global Solutions, Inc. dated December 30, 2011. The term note bears interest at 4.5% with monthly principal and interest payments of approximately $74,694, and matured on December 30, 2016. The term note was secured under a corporate security agreement. The Company paid the last scheduled installment on January 6, 2017.