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Long-term debt and other financing arrangements (Tables)
6 Months Ended
Jun. 30, 2014
Long-term debt and other financing arrangements  
Schedule of long-term borrowing

 

 

Description
  Interest
rate
  June 30,
2014
  December 31,
2013
 

Convertible Subordinated Unsecured Promissory Note—Richmont Capital Partners V L.P. (including accrued interest)

    4.00 % $ 21,281,097   $ 20,881,096  

Promissory Note—payable to former shareholder of TLC

    2.63 %   3,555,293     3,734,695  

Promissory Note—Lega Enterprises, LLC (formerly Agel Enterprises, LLC)

    5.00 %   1,496,996     1,649,880  

Promissory Note—payable to Tamala L. Longaberger

    10.00 %   42,000      

Term loan—KeyBank

              427,481  

Other, equipment notes

          30,244     30,244  
                 

Total debt

          26,405,630     26,723,396  

Less current maturities

          711,398     1,128,674  
                 

Long-term debt

        $ 25,694,232   $ 25,594,722