Note 10 - Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Long-term Debt Instruments [Table Text Block]

Bank name	Maturity	Interest rate at December 31, 2019			As of December 31, 2019			As of December 31, 2018
East West Bank – (a)	August 2027 - September 2029	3.94%	-	4.25%	$	6,989,016		$	5,053,539
Capital Bank – (b)	October 2027		3.85%			4,967,075			5,138,988
Bank of America – (c)	April 2021 – December 2029	3.9%		5.51%		4,263,663			1,363,211
J.P. Morgan Chase (d)	February 2023 – December 2023		3.07%			2,702,371			-
BMO Harris Bank – (e)	April 2022 - January 2024	5.87%	-	5.99%		508,564			2,256,724
Peoples United Bank – (e)	April 2020 – January 2023	5.75%		7.53%		1,114,993
Other finance companies – (e)	January 2020 – March 2024	3.9%	-	6.14%		716,315			752,833
Total debt						21,261,997			14,565,295
Less: current portion						(2,726,981	)		(1,455,441	)
Long-term debt					$	18,535,016		$	13,109,854

Schedule of Maturities of Long-term Debt [Table Text Block]

Twelve months ending December 31,
2020	$	2.726.981
2021		2,498,578
2022		2,169,861
2023		1,202,845
2024		684,129
Thereafter		11,979,603
Total	$	21,261,997

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details