DEBT:

Principal amounts of debt at April 30, 2015 and 2014, consist of the following (in thousands):

Promissory Notes	2015		2014

Bank line of credit, available LOC $1.0 million interest at prime plus 2% (7.0% at April 30, 2015 - with a floor of 7%) due August 2015, collateralized by a first or second position on all assets of the Company.	$	700	$	908

Bank line of credit, available LOC $2.5 million interest at 6% due May 2016, collateralized by a first or second position on all assets of the Company.		656		699

Bank line of credit, available LOC $1.0 million interest at 3.4% due May 2016, collateralized by real estate.		154		150
	$	1,510	$	1,757
Long-Term Debt
Note payable, interest at 6% due February 2016 collateralized by Aircraft Security Agreements.	$	314	$	671

Note payable, interest at 6% due April 2017 collateralized by Aircraft Security Agreements.		159		232

Note payable, interest at 6.25% due September 2017 collateralized by Aircraft Security Agreements.		249		342

Note payable, interest at 5.75% due January 2020 collateralized by Aircraft Security Agreements		674		-

Note payable, interest at bank prime (3.36% at April 30, 2015) due August 2019, collateralized by real estate.		253		312

Note payable, interest at bank prime (3.36% at April 30, 2015) due March 2019, collateralized by real estate.		261		323

Note payable, interest at bank prime (2.68% at April 30, 2015) due March 2019, collateralized by real estate.		628		788

Note payable, interest at 6.25%, due June 2016, collateralized by real estate.		306		320

Note payable, interest at 4.89% due May 2020, collateralized by all of BNSC's assets and compensation due under the State Management contract.		5,500		-

Obligation of BHCMC, LLC to its noncontrolling owner with interest at 12.0%, paid off in April 2015.		-		1,900

Obligation of BHCMC, LLC to its noncontrolling owner with interest at 15.0%, paid off in April 2015.		-		4,634

Obligations of BHCMC, LLC due May 2015 and December 2016 with interest rates at 3.5%.		895		1,126

Other notes payable, due April 2016 with interest at 5.8%.		43		80

		9,282		10,728
Less: Current maturities		2,412		3,908
	$	6,870	$	6,820

Maturities of long-term debt are as follows:

Year Ending April 30	Amount
2016	$	2,412
2017		2,285
2018		1,577
2019		1,576
2020		1,328
Thereafter		104
	$	9,282

Financial and Other Covenants

We are in compliance with our covenants at April 30, 2015.