LONG TERM DEBT AND NOTES PAYABLE TO BANK (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of Minimum EBITDA

Minimum EBITDA. The Borrowers shall maintain a consolidated EBITDA of not less than the following amounts opposite the respective periods set forth below:

Period	Minimum EBITDA
One month ending August 31, 2019	($100,000)
Two months ending September 30, 2019	$0
Three months ending October 31, 2019	$377,000
Four months ending November 30, 2019	$617,000
Five months ending December 31, 2019 and, if the FCCR Conversion Date has not occurred, the five months ending on the last day of each month thereafter	$782,000

Schedule of Long-term Debt

Debt as of June 30, 2019 and December 31, 2018 consisted of the following:

	June 30,			December 31,
	2019			2018
	(unaudited)
	(in thousands)
Revolving credit facility with Bank of America, see above description for additional details	$	5,236		$	3,646
Bank of America term loan	2,321			2,500
K&R, LLC related party notes (See Note 6 - Related Party Transactions)	120			652
7100 Grade Lane LLC related party note (See Note 6 - Related Party Transactions)	884			884
Equipment notes, see above description for additional details	141			63
Total debt	8,702			7,745
Debt issuance costs	(158		)	(175		)
Total debt and debt issuance costs	8,544			7,570
Less current portion of long-term debt and debt issuance costs	5,574			3,941
Total long-term debt and debt issuance costs	$	2,970		$	3,629

Schedule of Maturities of Long-term Debt

The annual contractual maturities of long-term debt for the next five twelve-month periods and thereafter ending June 30 are as follows:

	(in thousands)
2020	$	386
2021	388
2022	389
2023	7,524
2024	15
Total	$	8,702