Long Term Debt

12 Months Ended

Dec. 31, 2012

Long Term Debt

Long Term Debt

Note 16 — Long Term Debt

The Company’s long term debt consists of the following (in thousands):

December 31,	2012		2011
Term note to PNC Bank, 30-day LIBOR plus 5.0%, payable $15,000 per month plus interest, with annual mandatory prepayment equal to 50% of excess cash flow commencing after calendar year 2012. A final payment of the lesser of $3,090,000 and the outstanding principal balance is due on October 31, 2016.	$	3,405	$	3,585
Subordinated convertible term notes (less debt discount of $1.4 million as of December 31, 2012), 12-1/2% due on October 22, 2017	4,748		—
Total debt	8,153		3,585
Less current portion	3,405		180
Long-term debt, less current maturities	$	4,748	$	3,405

The aggregate amounts of long-term debt maturing in future years (excluding a debt discount of $1.4 million) as of December 31, 2012, are as follows (in thousands):

Year Ended December 31,	Total
2013	$	3,405
2014	—
2015	—
2016	—
2017	6,188
	$	9,593