DEBT:

Principal amounts of debt at April 30, 2013 and 2012, consist of the following (in thousands):

Promissory Notes	2013		2012

Bank line of credit, available LOC $1,000 interest at prime plus 2% (7.0% at April 30, 2013 - with a floor of 7%) due August 2014, collateralized by a first or second position on all assets of the Company.	$	964	$	462

Bank line of credit, available LOC $2,500 interest at 6% due April 2015, collateralized by a first or second position on all assets of the Company.		413		-
	$	1,377	$	462
Long-Term Debt and Capital Lease Obligations
Note payable, interest at 6% due February 2016 collateralized by Aircraft Security Agreements	$	1,008	$	1,325

Note payable, interest at 6% due May 2017 2016 collateralized by Aircraft Security Agreements		301		-

Note payable, interest at prime plus 3%, with a floor of 6.25% due September 2017 collateralized by Aircraft Security Agreements		428		511

Note payable, interest at bank prime (3.36% at April 30, 2013) due August 2019, collateralized by real estate.		368		412

Note payable, interest at bank prime (3.36% at April 30, 2013) due March 2019, collateralized by real estate.		373		473

Note payable, interest at bank prime (2.70% at April 30, 2013) due March 2019, collateralized by real estate.		949		1,059

Note payable, interest at 7.5% at April 30, 2013, due November 2012, collateralized by real estate.		-		40

Note payable, interest at 6.25% at April 30, 2013, due June 14, 2014, collateralized by real estate.		333		345

Note payable, interest at prime plus 2% (7.0% at April 30, 2013 - with a floor of 7.0%), due January 2014, collateralized by a first or second position on all assets.		202		454

Notes payable, interest Libor rate plus 9.715%, (9.96% at April 30, 2013) renewed May 2009, due May 2014, collateralized by Aircraft and Engine Security Agreements.		219		435

Obligation of BHCMC, LLC to its noncontrolling owner due October 2017 with interest at 12.0%.		2,312		-

Obligation of BHCMC, LLC to its noncontrolling owner due December 2016 with interest at 15.0%.		5,949		7,081

Obligation of BHCMC, LLC as capital lease obligations due August 2014		2,127		-

Other notes payable and capital lease obligations due Nov 2013 to June 2016 with interest rates between 5.8% and 6.2%.		137		300

		14,706		12,435
Less: Current maturities		4,551		3,757
	$	10,155	$	8,678

Maturities of long-term debt and capital lease obligations are as follows:

Year Ending April 30	Amount
2014	$	4,551
2015		3,680
2016		3,090
2017		2,459
2018		662
Thereafter		264
	$	14,706

Financial and Other Covenants

The credit facility contains financial and other covenants, as amended in March 2013, requiring a tangible net worth of $1 million and debt service ratio of 1.0. We are in compliance with our covenants at April 30, 2013.