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Longterm Debt
12 Months Ended
Dec. 31, 2011
Long-term Debt [Abstract]  
Long-term Debt
Note 9 - Long-term Debt
 
Long-term debt consisted of the following:
  
December 31, 2011
   
December 31, 2010
 
Revolving line of credit to a bank, which allows Delta to borrow up to $2,700,000, due in monthly payments of interest only, with interest at prime floating rate of 3.25%, with the principal balance due May 2012, secured by assets of Delta. (a) (b)
$  1,643,527    $
1,658,527
 
Note payable to a bank, due in monthly installments of $11,549, including interest at 7.25% with a principal balance due in November 2013, secured by real property. (a)
   1,411,351   1,444,875 
Revolving line of credit to a bank, which allows NPI to borrow up to $3,250,000, interest due monthly at 6.5%, principal balance due December 31, 2010, secured by assets of NPI.
   
-
     
 
1,239,000
 
Revolving line of credit to a bank, which allows NPI to borrow up to $3,000,000, interest due monthly at the greater of prime (3.25%) plus one or 5%, principal balance due in April 2012, secured by assets of NPI. (a)
   598,963   - 
Note payable to a bank, due in quarterly payments of interest only, with interest at 6%, with a principal balance due in May 2012, secured by real property.
   
1,410,000
     
1,566,000
 
Note payable due in monthly payments of $19,373, including interest at 6%, through May 2012, secured by assets of Delta.
    396,814     
571,013
 
Note payable to a bank, due in monthly payments of $6,120, including interest at 8.25%, through August 9, 2012, secured by assets of Delta.
    47,372     
 
108,442
 
Other secured notes with various terms, secured by the assets of Delta.
    68,831     
14,797
 
     
5,576,858
     
6,602,654
 
Less current portion
   
(4,152,060
   
(4,794,723
   
$
1,424,798   
$
1,807,931
 
 
(a) Daniel Dror, Chairman and CEO of American, is a personal guarantor of these notes payable.
(b) During the year ended December 31, 2011, this line of credit was renewed and the limit was increased from $2,000,000 to $2,700,000.
 
Each of American's subsidiaries that have outstanding notes payable has secured such notes by that subsidiary's inventory, accounts receivable, property and equipment and guarantees from American.
 
Principal repayment provisions of long-term debt are as follows at December 31, 2011:
 
2012
 
$
4,152,060 
2013  1,393,943 
2014   18,988 
2015
    11,867 
Total
 
$
5,576,858