0000004187 idsa:FirstAmendmentsToKletterNotesMember 2019-03-01 0000004187 idsa:FirstAmendmentsToKletterNotesMember 2019-02-28 0000004187 idsa:LoanAndSecurityAgreementWithBankOfAmericaNaMember 2019-06-30 0000004187 idsa:LoanAndSecurityAgreementWithBankOfAmericaNaMember 2018-11-08 2018-11-09 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2017-12-31 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2019-03-15 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2019-03-15 2019-03-15 0000004187 us-gaap:RevolvingCreditFacilityMember 2018-11-08 2018-11-09 0000004187 us-gaap:RevolvingCreditFacilityMember 2018-11-09 0000004187 idsa:BankOfAmericaTermLoanMember 2018-12-31 0000004187 idsa:BankOfAmericaTermLoanMember 2019-06-30 0000004187 idsa:EquipmentNoteMember 2019-03-01 2019-03-31 0000004187 idsa:CapitalLeaseObligationsJune2017Member 2017-06-01 2017-06-30 0000004187 idsa:StaffMember 2017-12-31 0000004187 idsa:PresidentAndChiefExecutiveOfficerMember 2017-12-31 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2018-01-01 2018-12-31 0000004187 us-gaap:EmployeeStockOptionMember 2017-12-31 0000004187 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-12-31 0000004187 idsa:LoanAndSecurityAgreementWithBankOfAmericaNaMember 2018-11-09 0000004187 idsa:TermLoanMember 2018-11-09 0000004187 idsa:TermLoanMember 2018-11-08 2018-11-09 0000004187 us-gaap:PerformanceSharesMember 2009-12-31 0000004187 us-gaap:EmployeeStockOptionMember 2009-01-01 2009-12-31 0000004187 idsa:DirectorDesignationAgreementMember 2014-06-13 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2016-03-29 2016-03-29 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2016-03-29 0000004187 idsa:GradeLane7100LlcMember idsa:KAndRLlcMember 2013-01-01 2017-12-31 0000004187 srt:MaximumMember idsa:AmendmentToLoanAndSecurityAgreementWithBankOfAmericaMember idsa:KAndRLlcMember 2019-03-01 0000004187 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ChiefExecutiveOfficerMember 2019-03-15 0000004187 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ChiefExecutiveOfficerMember 2019-03-15 2019-03-15 0000004187 us-gaap:EmployeeStockOptionMember us-gaap:ChiefExecutiveOfficerMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2019-03-15 2019-03-15 0000004187 us-gaap:EmployeeStockOptionMember us-gaap:ChiefExecutiveOfficerMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2019-03-15 2019-03-15 0000004187 us-gaap:EmployeeStockOptionMember us-gaap:ChiefExecutiveOfficerMember 2019-03-15 2019-03-15 0000004187 idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember 2018-11-08 2018-11-09 0000004187 srt:MaximumMember us-gaap:RevolvingCreditFacilityMember 2018-11-08 2018-11-09 0000004187 srt:MinimumMember us-gaap:RevolvingCreditFacilityMember 2018-11-08 2018-11-09 0000004187 idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember 2018-07-01 2018-07-01 0000004187 2017-12-31 0000004187 idsa:AffiliatedEntityLkPropertyInvestmentsLlcMember 2015-04-30 2015-04-30 0000004187 idsa:CraneLeaseMember idsa:CapitalLeaseObligationsMay2016Member 2016-05-01 0000004187 idsa:CraneLeaseMember idsa:CapitalLeaseObligationsMay2016Member 2016-04-30 2016-05-01 0000004187 idsa:EquipmentSublimitMember idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember 2017-04-26 0000004187 idsa:EquipmentSublimitMember idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember 2017-03-31 2017-03-31 0000004187 idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember 2017-03-31 2017-03-31 0000004187 idsa:EquipmentSublimitMember idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember 2017-03-31 0000004187 idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember 2017-03-31 0000004187 idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember 2016-02-29 0000004187 us-gaap:SecuredDebtMember idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember 2016-02-29 2016-02-29 0000004187 idsa:EquipmentSublimitMember idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember 2016-02-29 2016-02-29 0000004187 idsa:KAndRLlcMember idsa:PrepaidExpensesMember srt:AffiliatedEntityMember 2018-01-01 2018-12-31 0000004187 srt:MinimumMember idsa:TermLoanMember 2018-11-08 2018-11-09 0000004187 srt:MaximumMember idsa:TermLoanMember 2018-11-08 2018-11-09 0000004187 idsa:SeymourIndianaMember idsa:FacilityMember 2014-12-01 2014-12-01 0000004187 idsa:KAndRLlcMember srt:AffiliatedEntityMember 2016-02-29 0000004187 idsa:KAndRLlcMember idsa:HandlerAgreementMember 2017-06-22 2017-06-23 0000004187 idsa:KAndRLlcMember idsa:HandlerAgreementMember 2017-06-23 0000004187 idsa:KAndRLlcMember idsa:CraneAgreementMember 2017-06-22 2017-06-23 0000004187 idsa:KAndRLlcMember idsa:CraneAgreementMember 2017-06-23 0000004187 idsa:LouisvilleKentuckyMember idsa:FacilityMember idsa:GradeLane7100LlcMember 2017-10-01 2017-10-01 0000004187 us-gaap:EmployeeStockOptionMember us-gaap:ChiefExecutiveOfficerMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2018-03-26 2018-03-26 0000004187 us-gaap:EmployeeStockOptionMember us-gaap:ChiefExecutiveOfficerMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2018-03-28 2018-03-28 0000004187 idsa:AffiliatedEntityLkPropertyInvestmentsLlcMember idsa:IsaRealEstateLlcMember 2015-04-30 0000004187 us-gaap:EmployeeStockOptionMember us-gaap:ChiefExecutiveOfficerMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2018-03-28 2018-03-28 0000004187 2019-01-01 2019-06-30 0000004187 idsa:CapitalLeaseObligationsJune2017Member 2017-06-30 0000004187 2019-06-30 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2018-01-01 2018-06-30 0000004187 idsa:NoteOneMember 2018-12-31 0000004187 idsa:KAndRLlcMember 2018-12-31 0000004187 idsa:GradeLane7100LlcMember 2018-12-31 0000004187 idsa:KAndRLlcMember idsa:RelatedPartyTransactionRentExpensePropertyMember srt:AffiliatedEntityMember 2018-01-01 2018-06-30 0000004187 us-gaap:EmployeeStockOptionMember 2017-01-01 2017-12-31 0000004187 us-gaap:EmployeeStockOptionMember 2018-12-31 0000004187 idsa:KAndRLlcMember idsa:RelatedPartyInterestExpenseMember srt:AffiliatedEntityMember 2018-01-01 2018-06-30 0000004187 idsa:MetalxLlcMember srt:AffiliatedEntityMember 2018-01-01 2018-06-30 0000004187 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-06-30 0000004187 idsa:KAndRLlcMember srt:AffiliatedEntityMember 2018-12-31 0000004187 us-gaap:SecuredDebtMember idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember us-gaap:PrimeRateMember 2016-02-29 2016-02-29 0000004187 idsa:AffiliatedEntityLkPropertyInvestmentsLlcMember idsa:PrepaidExpensesMember srt:AffiliatedEntityMember 2018-01-01 2018-12-31 0000004187 idsa:AffiliatedEntityLkPropertyInvestmentsLlcMember srt:AffiliatedEntityMember 2018-12-31 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2018-12-31 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2017-01-01 2017-12-31 0000004187 us-gaap:SecuredDebtMember idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember 2016-02-29 0000004187 idsa:EquipmentSublimitMember idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember 2016-02-29 0000004187 us-gaap:CommonStockMember 2018-12-31 0000004187 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000004187 us-gaap:WarrantMember 2018-12-31 0000004187 idsa:LouisvilleKentuckyMember idsa:FacilityMember idsa:GradeLane7100LlcMember 2017-10-01 0000004187 us-gaap:RetainedEarningsMember 2018-12-31 0000004187 us-gaap:TreasuryStockMember 2018-12-31 0000004187 us-gaap:CommonStockMember 2018-01-01 2018-06-30 0000004187 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-06-30 0000004187 us-gaap:CommonStockMember 2018-06-30 0000004187 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0000004187 us-gaap:WarrantMember 2018-06-30 0000004187 us-gaap:RetainedEarningsMember 2018-06-30 0000004187 us-gaap:TreasuryStockMember 2018-06-30 0000004187 us-gaap:RetainedEarningsMember 2018-01-01 2018-06-30 0000004187 idsa:GradeLane7100LlcMember idsa:KletterNotesMember us-gaap:UnsecuredDebtMember srt:AffiliatedEntityMember 2016-02-29 0000004187 idsa:KAndRLlcMember idsa:PrepaidExpensesMember srt:AffiliatedEntityMember 2019-01-01 2019-06-30 0000004187 us-gaap:ChiefExecutiveOfficerMember 2018-03-26 2018-03-26 0000004187 us-gaap:ChiefExecutiveOfficerMember 2018-03-26 0000004187 2018-06-30 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2018-03-28 2018-03-28 0000004187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2018-03-28 0000004187 2018-04-01 2018-06-30 0000004187 us-gaap:ChiefFinancialOfficerMember 2015-01-01 2015-01-31 0000004187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000004187 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000004187 2018-01-01 2018-06-30 0000004187 idsa:KletterEstateMember idsa:KletterNotesMember us-gaap:UnsecuredDebtMember srt:AffiliatedEntityMember 2016-02-29 0000004187 idsa:KAndRLlcMember idsa:KletterNotesMember us-gaap:UnsecuredDebtMember srt:AffiliatedEntityMember 2016-02-29 0000004187 us-gaap:ChiefFinancialOfficerMember 2016-06-14 2016-06-15 0000004187 2018-03-02 2018-03-03 0000004187 2019-08-06 0000004187 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ChiefExecutiveOfficerMember 2018-03-26 0000004187 us-gaap:EmployeeStockOptionMember us-gaap:ChiefExecutiveOfficerMember 2018-03-26 0000004187 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ChiefExecutiveOfficerMember 2018-03-26 2018-03-26 0000004187 us-gaap:EmployeeStockOptionMember us-gaap:ChiefExecutiveOfficerMember 2018-03-26 2018-03-26 0000004187 us-gaap:EmployeeStockOptionMember us-gaap:ChiefExecutiveOfficerMember 2018-03-28 2018-03-28 0000004187 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ChiefExecutiveOfficerMember 2018-03-28 2018-03-28 0000004187 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ChiefExecutiveOfficerMember 2018-03-28 0000004187 idsa:GradeLane7100LlcMember idsa:KAndRLlcMember 2017-11-01 0000004187 idsa:AffiliatedEntityLkPropertyInvestmentsLlcMember idsa:RelatedPartyTransactionRentExpensePropertyMember srt:AffiliatedEntityMember 2018-01-01 2018-06-30 0000004187 2018-12-31 0000004187 idsa:RecyclingCapitalPartnersLlcMember idsa:SecuritiesPurchaseAgreementMember 2014-06-13 2014-06-13 0000004187 idsa:GradeLane7100LlcMember idsa:KAndRLlcMember 2017-10-31 2017-11-01 0000004187 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ChiefFinancialOfficerMember 2015-01-01 2015-01-31 0000004187 idsa:CapitalLeaseObligationsMay2018Member 2018-05-01 2018-05-31 0000004187 idsa:CapitalLeaseObligationsMay2018Member 2018-05-31 0000004187 idsa:CapitalLeaseObligationsJune2018Member 2018-06-01 2018-06-30 0000004187 idsa:CapitalLeaseObligationsJune2018Member 2018-06-30 0000004187 idsa:EquipmentNoteMember 2018-06-30 0000004187 idsa:EquipmentNoteMember 2018-06-01 2018-06-30 0000004187 idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember 2018-06-03 0000004187 idsa:EquipmentNoteMember 2018-12-31 0000004187 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-06-30 0000004187 us-gaap:RetainedEarningsMember 2019-01-01 2019-06-30 0000004187 us-gaap:CommonStockMember 2019-06-30 0000004187 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0000004187 idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember 2018-06-04 0000004187 us-gaap:WarrantMember 2019-06-30 0000004187 us-gaap:RetainedEarningsMember 2019-06-30 0000004187 us-gaap:TreasuryStockMember 2019-06-30 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-06-30 0000004187 idsa:NoteOneMember 2019-06-30 0000004187 idsa:KAndRLlcMember 2019-06-30 0000004187 idsa:GradeLane7100LlcMember 2019-06-30 0000004187 idsa:EquipmentNoteMember 2019-06-30 0000004187 idsa:RelatedPartyMember 2019-06-30 0000004187 idsa:OtherMember 2019-06-30 0000004187 idsa:FormerChairmanAndChiefExecutiveOfficerMember 2019-06-30 0000004187 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-06-30 0000004187 us-gaap:EmployeeStockOptionMember 2019-06-30 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2019-06-30 0000004187 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000004187 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000004187 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0000004187 2017-06-23 0000004187 idsa:LouisvilleKentuckyMember idsa:FacilityMember idsa:KAndRLlcMember 2019-01-01 2019-06-30 0000004187 idsa:KAndRLlcMember srt:AffiliatedEntityMember 2019-06-30 0000004187 idsa:CapitalLeaseObligationsJuly2018Member 2018-07-01 2018-07-31 0000004187 idsa:CapitalLeaseObligationsJuly2018Member 2018-07-31 0000004187 idsa:KAndRLlcMember idsa:RelatedPartyTransactionRentExpensePropertyMember srt:AffiliatedEntityMember 2019-01-01 2019-06-30 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2018-07-09 2018-07-09 0000004187 idsa:KAndRLlcMember idsa:RelatedPartyInterestExpenseMember srt:AffiliatedEntityMember 2019-01-01 2019-06-30 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2018-07-09 0000004187 idsa:FerrousOperationsMember 2019-01-01 2019-06-30 0000004187 idsa:FerrousOperationsMember 2018-01-01 2018-06-30 0000004187 idsa:AffiliatedEntityLkPropertyInvestmentsLlcMember srt:AffiliatedEntityMember 2019-06-30 0000004187 idsa:AffiliatedEntityLkPropertyInvestmentsLlcMember idsa:PrepaidExpensesMember srt:AffiliatedEntityMember 2019-01-01 2019-06-30 0000004187 idsa:MetalxLlcMember srt:AffiliatedEntityMember 2019-01-01 2019-06-30 0000004187 idsa:AffiliatedEntityLkPropertyInvestmentsLlcMember idsa:RelatedPartyTransactionRentExpensePropertyMember srt:AffiliatedEntityMember 2019-01-01 2019-06-30 0000004187 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ChiefFinancialOfficerMember 2019-01-01 2019-06-30 0000004187 idsa:NonFerrousOperationsMember 2019-01-01 2019-06-30 0000004187 idsa:Midcap2016LoanMember us-gaap:LineOfCreditMember 2018-06-04 2018-06-04 0000004187 idsa:NonFerrousOperationsMember 2018-01-01 2018-06-30 0000004187 idsa:AutoPartsOperationsAndOtherOperationsMember 2019-01-01 2019-06-30 0000004187 idsa:AutoPartsOperationsAndOtherOperationsMember 2018-01-01 2018-06-30 0000004187 idsa:SeymourIndianaMember idsa:FacilityMember 2014-12-01 0000004187 idsa:FerrousOperationsMember 2018-04-01 2018-06-30 0000004187 idsa:NonFerrousOperationsMember 2018-04-01 2018-06-30 0000004187 idsa:AutoPartsOperationsAndOtherOperationsMember 2018-04-01 2018-06-30 0000004187 2018-03-03 0000004187 2019-04-01 2019-06-30 0000004187 idsa:FerrousOperationsMember 2019-04-01 2019-06-30 0000004187 idsa:NonFerrousOperationsMember 2019-04-01 2019-06-30 0000004187 idsa:AutoPartsOperationsAndOtherOperationsMember 2019-04-01 2019-06-30 0000004187 idsa:EquipmentNoteMember 2019-03-31 0000004187 idsa:AffiliatedEntityLkPropertyInvestmentsLlcMember 2019-04-14 0000004187 idsa:AffiliatedEntityLkPropertyInvestmentsLlcMember 2019-04-14 2019-04-14 0000004187 2018-01-01 2018-03-31 0000004187 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ChiefFinancialOfficerMember 2016-06-16 2019-06-30 0000004187 2018-03-31 0000004187 us-gaap:CommonStockMember 2019-03-31 0000004187 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0000004187 us-gaap:WarrantMember 2019-03-31 0000004187 us-gaap:RetainedEarningsMember 2019-03-31 0000004187 us-gaap:TreasuryStockMember 2019-03-31 0000004187 2019-03-31 0000004187 us-gaap:CommonStockMember 2018-03-31 0000004187 us-gaap:CommonStockMember 2018-04-01 2018-06-30 0000004187 us-gaap:CommonStockMember 2017-12-31 0000004187 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0000004187 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0000004187 us-gaap:AdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0000004187 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000004187 us-gaap:WarrantMember 2019-04-01 2019-06-30 0000004187 us-gaap:WarrantMember 2018-03-31 0000004187 us-gaap:WarrantMember 2019-01-01 2019-06-30 0000004187 us-gaap:WarrantMember 2017-12-31 0000004187 us-gaap:RetainedEarningsMember 2018-03-31 0000004187 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0000004187 us-gaap:RetainedEarningsMember 2017-12-31 0000004187 us-gaap:TreasuryStockMember 2018-03-31 0000004187 us-gaap:TreasuryStockMember 2017-12-31 0000004187 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0000004187 us-gaap:EmployeeStockOptionMember 2019-04-01 2019-06-30 0000004187 us-gaap:EmployeeStockOptionMember 2018-04-01 2018-06-30 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2018-04-01 2018-06-30 0000004187 us-gaap:RestrictedStockUnitsRSUMember 2019-04-01 2019-06-30 0000004187 idsa:CapitalLeaseObligationsMay2019Member 2019-05-01 2019-05-31 0000004187 idsa:CapitalLeaseObligationsMay2019Member 2019-05-31 0000004187 us-gaap:EmployeeStockOptionMember idsa:FormerDirectorMember 2019-01-15 2019-01-15 0000004187 us-gaap:EmployeeStockOptionMember idsa:FormerAndCurrentDirectorsMember 2019-05-15 2019-05-15 0000004187 idsa:FirstAmendmentsToKletterNotesMember 2019-03-31 0000004187 idsa:RiverMetalsRecyclingLlcMember us-gaap:SubsequentEventMember idsa:PurchaseAgreementMember 2019-08-15 2019-08-16 0000004187 srt:MinimumMember idsa:SecondAmendmentToLoanAndSecurityAgreementWithBankOfAmericaMember idsa:PeriodOneMember 2019-01-01 2019-06-30 0000004187 srt:MinimumMember idsa:SecondAmendmentToLoanAndSecurityAgreementWithBankOfAmericaMember idsa:PeriodTwoMember 2019-01-01 2019-06-30 0000004187 srt:MinimumMember idsa:SecondAmendmentToLoanAndSecurityAgreementWithBankOfAmericaMember idsa:PeriodThreeMember 2019-01-01 2019-06-30 0000004187 srt:MinimumMember idsa:SecondAmendmentToLoanAndSecurityAgreementWithBankOfAmericaMember idsa:PeriodFourMember 2019-01-01 2019-06-30 0000004187 srt:MinimumMember idsa:SecondAmendmentToLoanAndSecurityAgreementWithBankOfAmericaMember idsa:PeriodFiveMember 2019-01-01 2019-06-30 0000004187 idsa:LoanAndSecurityAgreementWithBankOfAmericaNaMember 2019-01-01 2019-06-30 0000004187 srt:MaximumMember idsa:SecondAmendmentToLoanAndSecurityAgreementWithBankOfAmericaMember 2019-01-01 2019-06-30 shares pure utr:acre utr:M iso4217:USD iso4217:USD shares idsa:director idsa:extension idsa:roof idsa:item 8107865 false 8107865 P6Y4M 0 590712746 0.3333333 0.3333333 0.3333333 false true 0 5600000 0.3333333 0.3333333 0000004187 INDUSTRIAL SERVICES OF AMERICA INC /FL Q2 2019 false Non-accelerated Filer --12-31 10-Q 2019-06-30 0-20979 7100 Grade Lane Louisville Kentucky 40213 (502) 366-3452 Yes 8160777 844000 1044000 19000 16000 60000.0 60000.0 5386000 4369000 94000 91000 5258000 6934000 274000 159000 11875000 12613000 9441000 9786000 4881000 0 596000 0 27000 27000 73000 54000 100000 81000 26893000 22480000 5574000 3909000 0 32000 413000 352000 69000 0 161000 0 155000 0 1711000 2387000 2000 2000 695000 566000 8780000 7248000 1966000 2125000 1004000 1504000 652000 589000 527000 0 4720000 0 8869000 4218000 0.0033 0.0033 20000000.0 20000000.0 8107865 8107865 27000 27000 25256000 24133000 0 1025000 -15995000 -14127000 30690 30690 44000 44000 9244000 11014000 26893000 22480000 6658000 8003000 13618000 15048000 7407000 8292000 14609000 15607000 183000 305000 365000 602000 14248000 16600000 28592000 31257000 175000 0 175000 0 14269000 15103000 27991000 28548000 -196000 1497000 426000 2709000 1064000 893000 2003000 1819000 -1260000 604000 -1577000 890000 163000 282000 323000 524000 0 487000 38000 487000 -163000 205000 -285000 -37000 -1423000 809000 -1862000 853000 4000 12000 6000 20000 -1427000 797000 -1868000 833000 -0.18 0.10 -0.23 0.10 -0.18 0.10 -0.23 0.10 8108000 8102000 8108000 8096000 8108000 8170000 8108000 8142000 8138555 27000 24174000 1025000 -14568000 -30690 -44000 10614000 -1025000 1025000 57000 57000 -1427000 -1427000 8138555 27000 25256000 0 -15995000 -30690 -44000 9244000 8131219 27000 24037000 1025000 -13742000 -30690 -44000 11303000 7336 14000 14000 797000 797000 8138555 27000 24051000 1025000 -12945000 -30690 -44000 12114000 8138555 27000 24133000 1025000 -14127000 -30690 -44000 11014000 -1025000 1025000 98000 98000 -1868000 -1868000 8138555 27000 25256000 0 -15995000 -30690 -44000 9244000 8119819 27000 24028000 1025000 -13778000 -30690 -44000 11258000 18736 23000 23000 833000 833000 8138555 27000 24051000 1025000 -12945000 -30690 -44000 12114000 -1868000 833000 175000 0 959000 1042000 98000 23000 38000 487000 39000 71000 1017000 2042000 3000 -44000 -1501000 2883000 3000 -8000 134000 188000 -676000 1638000 0 -167000 129000 -224000 -838000 -2332000 38000 487000 227000 104000 -189000 383000 22000 109000 155000 194000 532000 32000 175000 148000 189000 0 1590000 1894000 827000 1799000 -200000 -150000 1044000 841000 844000 691000 277000 435000 9000 14000 0 1000 88000 69000 299000 54000 <div style="text-align: justify;"> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; font-family: 'Times New Roman'; font-weight: bold;"><span style="border-right: none; border-left: none;"><span id="fs_823UIDLTCW00000000000000000000">NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND GENERAL</span></span></p> <p style="font-size: 6pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">Industrial Services of America, Inc. (herein “ISA,” the “Company,” or other similar terms) is a Louisville, Kentucky-based company that buys, processes and markets ferrous and non-ferrous metals and other recyclable commodities and buys used autos in order to sell used auto parts. The Company processes and sells ferrous and non-ferrous scrap metal to steel mini-mills, integrated steel makers, foundries, refineries and processors. The Company purchases ferrous and non-ferrous scrap metal primarily from industrial and commercial generators of steel, aluminum, copper, brass, stainless steel and other metals as well as from scrap dealers and retail customers who deliver these materials directly to ISA facilities. The Company processes scrap metal through sorting, cutting, baling, and shredding operations. </span><span style="font-family: 'Times New Roman';">The non-ferrous scrap recycling operations consist primarily of processing various grades of copper, aluminum, stainless steel and brass. The used automobile operation primarily purchases automobiles so that retail customers can locate and remove used parts for purchase.<br/><br/></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">In September 2018, the Company’s Board of Directors formed a special committee to evaluate growth and strategic options.<span style="mso-spacerun: yes;"> On August 16, 2019, the special committee recommended and the board unanimously approved the Company entering into a definitive agreement (the <span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">“</span>Purchase Agreement<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">”</span>) to sell <span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">substantially all of its assets (the <span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">“</span>Transaction<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">”</span>) to River Metals Recycling LLC (“River Metals”), a subsidiary of The David J. Joseph Company ("DJJ"),</span></span><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> for a purchase price of $23,300,000, less certain payoff amounts relating to taxes, encumbrances, and assumed capital leases, subject to an adjustment up or down based on the net working capital estimated at closing and finally determined following closing. The amount of $600,000 of the purchase price would be held in escrow to satisfy the potential net working capital purchase price adjustment, and the amount of $100,000 of the purchase price would be held in escrow to satisfy any liabilities of the Company relating to the Chemetco Superfund site in Hartford, Illinois (see additional information below regarding the Chemetco Superfund in the Commitments and Contingencies section of this footnote). The Purchase Agreement contains negotiated representations, covenants and indemnification provisions by the parties, which are believed to be customary for transactions of this type and size. The indemnification obligations of the Company are subject to a specified deductible and indemnity cap. <span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">The Transaction is subject to satisfaction or waiver of closing conditions set forth in the Purchase Agreement, including approval by the Company’s shareholders. The closing of the Transaction is also conditioned on the issuance of a storm water permit and agreed order on terms not materially different from those currently being discussed with the state agency in connection with the Company’s efforts to ensure future compliance with the stormwater permit at <span id="fs_CU4R0HB10G00000000000000000000fs">one</span> of its facilities. The Company expects the Transaction to close in late fourth quarter <span id="fs_PPPWTK981S00000000000000000000fs">2019</span> or early first quarter <span id="fs_YA5IQGWQPS00000000000000000000fs">2020</span>. </span></span></span><span style="font-size: 10.0pt; mso-ansi-language: EN;">The Company’s board of directors also unanimously adopted a Plan of Dissolution (the “Plan of Dissolution”), which contemplates the eventual sale of any remaining assets and a wind down of the Company’s business affairs. Following closing of the Transaction and payment of outstanding liabilities, along with other actions specified in the Plan of Dissolution, including reserving for contingent liabilities, the Company intends to distribute net proceeds from the Transaction and Plan of Dissolution to its shareholders in <span id="fs_6NQKWID3A800000000000000000000fs">one</span> or more distribution installments. The Plan of Dissolution is subject to completion of the Transaction and shareholder approval.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10.0pt; mso-ansi-language: EN;"><br/></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10.0pt; mso-ansi-language: EN;"><span style="line-height: inherit; font-family: 'Times New Roman', serif;"><span>On August 6, 2019,</span><span> </span>the Company received a written notification from The Nasdaq Stock Market LLC ("Nasdaq"), indicating that the Company was not in compliance with the minimum closing bid price requirement set forth in Nasdaq Rules for continued listing on the Nasdaq Capital Market.<span> </span><span style="font-size: 10pt; line-height: inherit;">The Company has been granted a <span id="fs_FY0GBOULDC00000000000000000000fs">180</span>-calendar-day compliance period, or until February 3, 2020, to regain compliance with the minimum bid price requirement. During the compliance period, the Company's shares of common stock will continue to be listed and traded on the Nasdaq Capital Market.<span> </span></span></span><span style="line-height: inherit; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; line-height: inherit;">If the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide not</span>ice that the Company's shares of common stock will be subject to delisting. Under such circumstances, the Company would have the right to appeal a determination to delist its common stock, and the common stock would remain listed on the Nasdaq Capital Market until the completion of the appeal process.</span></span></p> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><br/></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">On March 26, 2018, the Board appointed Todd L. Phillips as Chief Executive Officer. See <span id="fs_TZIF72W04000000000000000000000">Note 7 – Share-Based Compensation and Other Compensation Agreements</span>. Mr. Phillips has been the Company's Chief Financial Officer since December 31, 2014 and President since September 30, 2016 and will continue to serve in these roles.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10.0pt; mso-ansi-language: EN;"><br/></span></p> <div style="text-align: justify;"> <div style="border-left: none; border-right: none;"> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span><strong><span style="font-family: 'Times New Roman'; font-size: 10pt;">Liquidity</span></strong></span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 5pt;"> </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">On November 9, 2018, the Company entered into a Loan and Security Agreement ("BofA Loan Agreement") with Bank of America, N.A. ("BofA"). In connection with entry into the BofA Loan Agreement, the Company repaid in full the remaining balance of the Company's borrowing facility with MidCap Business Credit LLC (“MidCap”). On March 1, 2019, the Company amended the BofA Loan Agreement, which extended the commitment termination date to September 30, 2022 and released certain reserves previously required by BofA under the BofA Loan agreement, among other things. Also on March 1, 2019, the Company made a $500.0 thousand payment to a related party and extended the termination date of certain related party notes to December 31, 2022. </span>See <span id="fs_998UV7UU6800000000000000000000">Note 3 – Long-Term Debt and Notes Payable to Bank</span> for discussion of loan arrangements with BofA and MidCap. The Company expects operating cash flow and borrowings under its working capital line of credit to be sufficient to meet its ongoing obligations. </span><span style="font-size: 10.0pt;">See <span id="fs_1Z0VUNB7O000000000000000000000FM">Note 6 – Related Party Transactions</span> for discussion of loan arrangements with a related party.<span style="mso-spacerun: yes;"><br/></span></span><span style="font-size: 10.0pt;"><span style="mso-spacerun: yes;"><br/></span></span></p> <div class="pageBreak"> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">During the second quarter of <span id="fs_9L7D5O2Y8W00000000000000000000fs">2019</span>, the Company was out of compliance with its financial covenant related to the Fixed Charge Coverage Ratio (“FCCR”) set forth in the BofA Loan Agreement. </span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">On August </span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"><span id="fs_ZF7MTP787400000000000000000000fs">14</span>,</span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"> <span id="fs_WWOEA21K8G00000000000000000000fs">2019</span>,</span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"> t</span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">he Company entered into a second amendment to the BofA Loan Agreement, through which </span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">BofA waived the Company’s breach of the aforementioned covenant through July 31, 2019 and amended the financial covenants as more fully described in <span id="fs_V7HRP31W4G00000000000000000000FM">Note 3 – Long-Term Debt and Notes Payable to Bank</span> for future periods beginning August 1, 2019. <span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Although the Company expects operating cash flow and borrowings under our working capital line of credit to be sufficient to meet our ongoing obligations, we cannot provide assurance that sufficient liquidity can be raised from one or both of these sources. Additionally, the Company must maintain compliance with its financial covenants in order to continue to borrow under the BofA revolving facility.</span></span></span></p> <p style="font-size: 6pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'times new roman', times;">The borrowings under the working capital line of credit are classified as short-term obligations under generally accepted accounting principles in the United States of America ("GAAP") as the agreement with the lender contains a subjective acceleration clause and requires the Company to maintain a lockbox arrangement with the lender. However, the contractual maturity date of the revolver is September 30, 2022.    </span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Basis of Presentation</span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 5pt;"> </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article <span id="fs_IWLCRVNGW000000000000000000000">10</span> of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete consolidated financial statements. The Accounting Standards Codification ("ASC") as produced by the Financial Accounting Standards Board ("FASB") is the sole source of authoritative GAAP. In the opinion of management of the Company, the accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary to present fairly the financial position at <span id="fs_FQY046L0SG00000000000000000000">June 30, 2019</span>, and the results of operations and changes in cash flows for the quarters ended <span id="fs_S9VKFIRISG00000000000000000000">June 30, 2019</span> and <span id="fs_7JQDT6P0PS00000000000000000000">2018</span>. Results of operations for the period ended <span id="fs_NGMAIKHB5C00000000000000000000">June 30, 2019</span> are not necessarily indicative of the results that may be expected for the entire year. Additional information, including the audited <span id="fs_HWKYJQVYVK00000000000000000000">December 31, 2018</span> consolidated financial statements and the Summary of Significant Accounting Policies, is included in the Company's Annual Report on Form 10-K for the year ended <span id="fs_AHCEVJG7E800000000000000000000">December 31, 2018</span>, on file with the Securities and Exchange Commission.<br/></span></span></p> </div> <div style="border-left: none; border-right: none;"> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Estimates </span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 5pt;"> </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In preparing the consolidated financial statements in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article <span id="fs_49RBGIJ3Z400000000000000000000">10</span> of Regulation S-X, management must make estimates and assumptions. These estimates and assumptions affect the amounts reported for assets, liabilities, revenues and expenses, as well as affecting the disclosures provided. Examples of estimates include the allowance for doubtful accounts, estimates of property tax assessments, estimates of environmental liabilities including remediation costs, estimates of accrued payables, estimates of deferred income tax assets and liabilities, estimates of inventory balances, and estimates of stock option and warrant values. The Company also uses estimates when assessing fair values of assets and liabilities acquired in business acquisitions as well as any fair value and any related impairment charges related to the carrying value of inventory and machinery and equipment and other long-lived assets. Despite the Company’s intention to establish accurate estimates and use reasonable assumptions, actual results may differ from these estimates.</span></p> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0px; text-indent: 0px;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Principles of Consolidation</span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 10pt;"> </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">The Condensed Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries.</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">Upon consolidation, all inter-company accounts, transactions and profits have been eliminated.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.25pt 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><span><span style="color: #000000;"><strong><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Revenue Recognition</span></strong></span></span></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.25pt 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman', Times, serif;">The Company's revenue is primarily generated from short-term contracts with customers. The Company notes there have been no credit losses recorded on any receivables or contract assets arising from contracts with customers for the <span id="fs_DPUKQIVFE800000000000000000000">three and six</span> month periods ended <span id="fs_HWG78292MO00000000000000000000">June 30, 2019</span> and <span id="fs_H1KJA00W0000000000000000000000">2018</span>. The Company elects to use the practical expedient as it relates to significant financing components as the Company expects, at the contract inception, that the period between when the Company transfers a promised good and when the customer pays for that good will be <span id="fs_TGLYSXM5DS00000000000000000000">one</span> year or less.</span></span></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.25pt 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><br/></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><span style="font-size: 10pt;"><em><span style="font-family: 'times new roman', times;">F</span><span style="font-family: 'times new roman', times;">errous and nonferrous revenue</span></em></span></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: 115%;"> <span style="line-height: 115%; color: black;">Ferrous and non-ferrous contracts contain <span id="fs_62UM0IDK7K00000000000000000000">one</span> performance obligation which consists of the shipment of a stated quantity of a stated product to be delivered within a stated time frame. Ferrous and non-ferrous revenue contracts are primarily short-term contracts, typically completed within <span id="fs_IXR4NSGW0W00000000000000000000">30</span> days.</span><span style="line-height: 115%; color: black;"> </span><span style="line-height: 115%; color: black;">Ferrous and non-ferrous transaction prices are stated in the contract with no variable considerations present. <span style="line-height: 115%; color: black;">As ferrous and non-ferrous contracts contain <span id="fs_37QORFNC4G00000000000000000000">one</span> performance obligation, the total transaction price is allocated to the shipment of materials.<span style="mso-spacerun: yes;"> </span>When multiple loads are included in <span id="fs_VRJN3W6J0G00000000000000000000">one</span> contract, the stated price per gross ton is applied to the shipment weight in order to determine transaction price. Ferrous and non-ferrous <span style="line-height: 115%; color: black;">revenue is recognized when the Company satisfies the shipment of materials per the contract.<span style="mso-spacerun: yes;"> The shipment and delivery of material typically occurs on the same day. No contract assets or contract liabilities were recognized as of <span id="fs_ONN9ZI478000000000000000000000">June 30, 2019</span> and <span id="fs_MY28WW2EFK00000000000000000000">2018</span>.</span></span></span></span></span></span></p> <div> </div> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><br/></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><span style="font-size: 10pt;"><em><span style="font-family: 'times new roman', times;">Revenue from auto parts operations and other revenue</span></em></span></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="line-height: 115%;">Revenue from auto parts primarily consists of individual transactions by customers who enter the Company’s premises and purchase auto parts by cash or credit card. <span style="line-height: 115%;">Related to these sales, a customer may be charged a core charge. <span style="line-height: 115%;">The customer has 30 days to return the core and receive a refund of the core charge.</span> <span style="line-height: 115%;">Additionally, customers have the option to separately purchase a warranty related to certain goods purchased.<span style="mso-spacerun: yes;"> Total core charges and warranty sales are immaterial, in aggregate accounting for less than 1% of revenue from auto parts operations and other revenue</span></span></span>. <span style="line-height: 115%; color: black;">Sale prices, core charges and warranties are tracked separately and recognized as revenue when the purchase is completed.<span style="mso-spacerun: yes;"> <span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">No contract assets or contract liabilities were recognized as of <span id="fs_XJ7EUUWJSW00000000000000000000">June 30, 2019</span> and <span id="fs_BIXLE10EXC00000000000000000000">2018</span>.</span> </span></span> </span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">  </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Fair Value  </span></p> <p style="font-size: 9pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">The Company carries certain of its financial assets and liabilities at fair value on a recurring basis. These financial assets and liabilities are composed of cash and cash equivalents. Long-term debt is carried at cost, and the fair value is disclosed herein.</span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">In addition, the Company measures certain assets, such as long-lived assets, at fair value on a non-recurring basis to evaluate those assets for potential impairment. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">In accordance with applicable accounting standards, the Company categorizes its financial assets and liabilities into the following fair value hierarchy:</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">Level <span id="fs_2PZOO63HKG00000000000000000000">1</span></span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">–</span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">Financial assets and liabilities with values based on unadjusted quoted prices for identical assets or liabilities in an active market. Examples of Level <span id="fs_12GMLL93K000000000000000000000">1</span> financial instruments include active exchange-traded securities.</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">Level <span id="fs_BY6ZSHZD0000000000000000000000">2</span></span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">–</span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">Financial assets and liabilities with values based on quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. Examples of Level <span id="fs_G3UVWA804W00000000000000000000">2</span> financial instruments include various types of interest-rate and commodity-based derivative instruments, long-term debt and various types of fixed-income investment securities. Pricing models are utilized to estimate fair value for certain financial assets and liabilities categorized in Level <span id="fs_TCW2DJLXZ400000000000000000000">2</span>.</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">Level <span id="fs_8R51VEX0LC00000000000000000000">3</span></span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">–</span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">Financial assets and liabilities with values based on prices or valuation techniques that require inputs that are both unobservable in the market and significant to the overall fair value measurement. These inputs reflect management’s judgment about the assumptions that a market participant would use in pricing the asset or liability, and are based on the best available information, some of which is internally developed.</span><span style="font-family: 'Times New Roman';"> </span></span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">When determining the fair value measurements for financial assets and liabilities carried at fair value on a recurring basis, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, ISA looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to market observable data for similar assets and liabilities. Nevertheless, certain assets and liabilities are not actively traded in observable markets, and the Company uses alternative valuation techniques to derive fair value measurements.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">The Company uses the fair value methodology outlined in the related accounting standards to value the assets and liabilities for cash and debt. All the Company's cash is defined as Level <span id="fs_8SEY13STUOGK40KGSWSCOWW8OKKOWG">1</span> and all our debt is defined as Level <span id="fs_ZSBP4RHZRK00000000000000000000">2</span>.</span></p> <div> </div> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-left: none; border-right: none;"> <div> <div style="border-left: none; border-right: none;"> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">In accordance with this guidance, the following table represents our fair value hierarchy for Level 1 and Level 2 financial instruments at</span><span style="font-family: 'Times New Roman';"> <span id="fs_L0IYUE9WLC00000000000000000000">June 30, 2019</span></span><span style="font-family: 'Times New Roman';"> and <span id="fs_37LFW9MPCW00000000000000000000">December 31, 2018</span>, <span>in thousands</span>:</span> </span></p> <div> <div style="border-left: none; border-right: none;"> <div id="t_ft_VR93ZXLU9C00000000000000000000"> <table cellpadding="0" style="border-collapse: collapse; width: 99%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 136px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="7" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><strong><span> Fair Value at Reporting Date Using </span></strong></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><strong><span style="border-right: none; border-left: none;"><span id="fs_164WJ1RS7K00000000000000000000FM">June 30, 2019</span></span>: unaudited</strong></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Quoted Prices in Active Markets for Identical Assets </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Significant Other Observable Inputs </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Assets: </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Level <span id="fs_O2I05OYF8000000000000000000000">1</span> </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Level <span id="fs_E844OTIFYO00000000000000000000">2</span> </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; width: 31%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Cash and cash equivalents </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 27%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">844</span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 23%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> — </span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">844</span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Liabilities: </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 8pt;">   </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 8pt;">   </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Long-term debt </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> — </span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(7,667</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(7,667</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Long-term debt, related parties </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> — </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(948</span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">)</td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(948</span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">)</td> </tr> </tbody> </table> </div> </div> </div> </div> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <div> <div style="border-left: none; border-right: none;"> <div id="t_ft_PPBIBJP6G000000000000000000000"> <table cellpadding="0" style="border-collapse: collapse; width: 99%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 119px;" width="100%"> <tbody> <tr style="background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="7" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><strong><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fair Value at Reporting Date Using </span></strong></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> </tr> <tr style="background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><strong><span id="fs_LCL4ZPORXS00000000000000000000">December 31, 2018</span>:</strong>  </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Quoted Prices in Active Markets for Identical Assets </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Significant Other Observable Inputs </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Assets: </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Level <span id="fs_SVL50BMJ7K00000000000000000000">1</span> </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Level <span id="fs_QMY3PU8V2O00000000000000000000">2</span> </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> </tr> <tr style="background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; width: 31%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Cash and cash equivalents </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 27%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">1,044</span></p> </td> <td style="vertical-align: bottom; width: 1%; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 23%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">—</span></p> </td> <td style="vertical-align: bottom; width: 1%; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 1,044 </span></p> </td> <td style="vertical-align: bottom; width: 1%; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Liabilities: </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 8pt;">   </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 8pt;">   </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Long-term debt </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">—</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(6,197</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: left;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> ) </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> (6,197</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> ) </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Long-term debt, related parties </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> — </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,430</span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> (1,430</span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td> </tr> </tbody> </table> </div> </div> </div> </div> <div><br/></div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">The Company had no transfers in or out of Levels <span id="fs_DVZW9YQ5GG00000000000000000000">1</span> or <span id="fs_E460AALF7K00000000000000000000">2</span> fair value measurements, and no activity in Level <span id="fs_PRTUK15Z2800000000000000000000">3</span> fair value measurements for the</span><span style="font-family: Times New Roman; font-size: 10pt;"> <span id="fs_DCUS6DL5ZK00000000000000000000">six</span></span><span style="font-family: Times New Roman; font-size: 10pt;"> month periods ended</span><span style="font-family: Times New Roman; font-size: 10pt;"> <span id="fs_7F7GI4BMCG00000000000000000000">June 30, 2019</span></span><span style="font-family: Times New Roman; font-size: 10pt;"> or</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;"><span id="fs_7N6CB1HVR400000000000000000000">2018</span>. </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-right: none; border-left: none;"> <div style="border-right: none; border-left: none;"> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Common Stock and Share-based Compensation Arrangements </span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company has a Long Term Incentive Plan adopted in <span id="fs_Q1MCF231W000000000000000000000">2009</span> ("LTIP") under which it may grant equity awards for up to 2.4 million shares of common stock, which are reserved by the Board of Directors for issuance of equity awards. <span style="font-family: 'Times New Roman';">In accordance with the terms of the LTIP, the last date upon which the Committee could grant new awards was July 1, 2019, the<span> </span><span id="fs_SKC2ZGFH0G00000000000000000000fs">ten</span>-year anniversary of the effective date of the LTIP</span><span style="font-family: 'Times New Roman';">. </span>The Company provides compensation benefits by granting stock options and other share-based awards to employees and directors. The exercise price of each option is equal to the market price of the Company's stock on the date of grant. The maximum term of the option is five years. The plan is accounted for based on FASB’s authoritative guidance titled "ASC <span id="fs_FCZSXI0D6800000000000000000000">718</span> - Compensation - Stock Compensation.<span style="font-style: italic;">"</span>  The Company recognizes share-based compensation expense for the fair value of the awards, on the date granted, on a straight-line basis over their vesting term (service period). Compensation expense is recognized only for share-based payments expected to vest. The Company estimates forfeitures at the date of grant based on the Company's historical experience and future expectations.</span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company uses the grant date stock price to value the Company's restricted stock units. The fair value of each restricted stock unit is estimated on the date of grant.</span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company uses the Modified Black-Scholes-Merton option-pricing model to value the Company's stock options for each employee stock option award. See <span><span id="fs_HM96AEDZB400000000000000000000">Note 7 – Share-Based Compensation and Other Compensation Agreements</span>.</span> Using these option pricing models, the fair value of each stock option award is estimated on the date of grant.  </span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">There are <span id="fs_OT3XCTSS8000000000000000000000">two</span> significant inputs into the stock option pricing models: expected volatility and expected term. The Company estimates expected volatility based on traded option volatility of the Company's stock over a term equal to the expected term of the option granted. The expected term of stock option awards granted is derived from historical exercise experience under the Company's stock option plans and represents the period of time that stock option awards granted are expected to be outstanding.</span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">The expected term assumption incorporates the contractual term of an option grant, as well as the vesting period of an award. The risk-free interest rate is based on the implied yield on a U.S. Treasury constant maturity with a remaining term equal to the expected term of the option granted.</span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">The assumptions used in calculating the fair value of stock-based payment awards represent management's best estimates, but these estimates involve inherent uncertainties and the application of management's judgment. As a result, if factors change and different assumptions are used, stock-based compensation expense could be materially different in the future. In addition, the Company is required to estimate the expected forfeiture rate, and only recognize expense for those shares expected to vest. If the actual forfeiture rate is materially different from the estimate, the stock-based compensation expense could be significantly different from what was recorded in the current period.</span></span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">Treasury shares or new shares are issued for exercised options. The Company does not expect to repurchase any additional shares within the following annual period to accommodate the exercise of outstanding stock options.</span></p> <div class="pageBreak"> </div> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">Under the LTIP, the Company may grant any of these types of awards: non-qualified and incentive stock options; stock appreciation rights; and other stock awards including stock units, restricted stock units, performance shares, performance units and restricted stock. The performance goals that the Company may use for such awards will be based on any <span id="fs_GPGHFY93F400000000000000000000">one</span> or more of the following performance measures: cash flow; earnings; earnings per share; market value added or economic value added; profits; return on assets; return on equity; return on investment; revenues; stock price; or total shareholder return.</span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">The LTIP is administered by a committee selected by the Board consisting of <span id="fs_QMAKOMCU1S00000000000000000000">two</span> or more outside members of the Board.  </span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;"><br/></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><strong><span style="font-family: 'Times New Roman';">Gain on Insurance Proceeds </span></strong></span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">The Company filed an insurance claim related to six roofs on certain of its buildings due to weather related damage. The Company received insurance proceeds and recorded a gain, <span style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">net of expenses and consulting fees related to the claim,</span> during <span id="fs_B50AFHW9WG00000000000000000000fs">2016</span> and <span id="fs_PBRHK4APN400000000000000000000fs">2018</span>. The Company received an additional $38.0 thousand in insurance proceeds in the first quarter of <span id="fs_UMJJBR7K0000000000000000000000fs">2019</span> and recorded a gain.</span></p> </div> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;"><br/></span></p> <p style="text-align: justify; margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; line-height: 107%;"><span><strong>Commitments and Contingencies </strong></span></span></p> <div style="border-right: none; border-left: none;"> <div style="font-family: 'times new roman', times; font-size: 10pt;"> <div style="border-right: none; border-left: none;"> <div style="border-right: none; border-left: none;"> <div style="text-align: justify;"> <div> <div style="text-align: justify;"> <p style="text-align: justify; margin: 0in 0in 0pt; line-height: 1.2; font-size: 11pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit; font-family: 'Times New Roman', serif;">The Company is currently subject to a claim by the Environmental Protection Agency (EPA) that the Company has been identified as a “potentially responsible party” (“PRP”) under</span></span> the <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Comprehensive Environmental Response, Compensation, and Liability Act (<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">“</span>CERCLA<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">”</span>)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit; font-family: 'Times New Roman', serif;"> in the Chemetco superfund matter. Chemetco was a defunct reclamation services supplier that operated in Illinois at what now is a superfund site. The Company previously shipped recycled, non-hazardous metals to Chemetco. <span>The EPA is pursuing</span> Chemetco customers and suppliers for contribution to the site cleanup activities. After paying $10.0 thousand as its portion of preliminary investigation and remediation costs at the site, the Company accrued $50.0 thousand in the quarter ended June 30, 2019, as a reserve against potential environmental liabilities at the site. Due to the limited nature of the Company's involvement in these environmental proceedings and the involvement of many other parties with substantial financial resources in the proceedings, the Company does not anticipate, based on currently available information, that potential environmental liabilities arising from these proceedings are likely to exceed the amount of the Company's reserve by an amount that would have a material effect on the Company's financial condition, results of operations or cash flows. Also, in the quarter ended June 30, 2019, the Company has accrued an additional $130.0 thousand with respect to expenditures and other remediation measures anticipated with respect to stormwater permit compliance with Kentucky state environmental regulations.</span></span></p> </div> </div> </div> </div> </div> </div> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10.0pt; mso-ansi-language: EN;"><br/></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">S<span>ubsequent Even</span>ts</span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">The Company has evaluated the period from</span><span style="font-family: 'Times New Roman';"> <span id="fs_9NFQ40N16O00000000000000000000">June 30, 2019</span></span><span style="font-family: 'Times New Roman';"> through the date the financial statements herein were issued for subsequent events requiring recognition or disclosure in the financial statements and identified the following:</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';"><br/></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';"><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">As noted above, on August 6, 2019, the Company received a written notification from </span>Nasdaq<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> indicating that the Company was not in compliance with the minimum closing bid price requirement set forth in<span> </span></span>Nasdaq<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>Rules for continued listing on the<span> </span></span>Nasdaq<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>Capital Market.<span> </span></span><br/></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';"><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span><br/></span></span></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';"><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">As noted above, during the second quarter of <span id="fs_C22U9RUKU800000000000000000000fs">2019</span>, the Company was out of compliance with its financial covenant related to the FCCR set forth in the BofA Loan Agreement. </span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">On August 14,</span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"> <span id="fs_HMLX78EB0W00000000000000000000fs">2019</span>,</span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"> t</span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">he Company entered into a second amendment to the BofA Loan Agreement, through which </span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">BofA waived the Company’s breach of the aforementioned covenant through July 31, 2019 and amended the financial covenants for future periods beginning August 1, 2019.</span></span><br/></span></span></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';"><br/></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';"><span style="line-height: 115%; font-family: 'Times New Roman', serif;">As noted above, on August 16, 2019, the Company entered into the Purchase Agreement with River Metals, a subsidiary of DJJ. Pursuant to the Purchase Agreement, River Metals would acquire substantially all of the assets of the Company on the satisfaction or waiver of the closing conditions set forth in the Purchase Agreement, which include approval by the Company’s shareholders of the transactions contemplated by the Purchase Agreement. For additional information, please see the Company's Form 8-K filed August 19, 2019.</span></span></span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 10pt;"><br/></p> <div style="border-right: none; border-left: none;"> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Recent Accounting Standards </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><br/></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><em><span style="font-family: 'Times New Roman'; font-size: 10pt;">Recently Issued Accounting Standards</span></em></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">In June 2016, the FASB issued ASU <span id="fs_NHT2BNO7LC00000000000000000000">2016</span>-<span id="fs_38R9BNU2K000000000000000000000">13</span>, <em>Financial Instruments - Credit Losses</em>, which provides guidance to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. ASU <span id="fs_7YPFBONU7K00000000000000000000">2016</span>-<span id="fs_29YO3HWRPS00000000000000000000">13</span> is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. The Company is evaluating the potential impact of ASU <span id="fs_X6Z600G5G000000000000000000000">2016</span>-<span id="fs_T48SLCHH4000000000000000000000">13</span> on the Condensed Consolidated Financial Statements.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><em style="font-size: 10pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Recently Adopted Accounting Standards  </span></em><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><em><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></em></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: Times New Roman; font-size: 10pt;">I</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: Times New Roman; font-size: 10pt;">n May 2014, the FASB issued ASU </span></span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><span id="fs_JVESHKDLJK00000000000000000000">2014</span>-<span id="fs_7IPSX2LFU800000000000000000000">09</span>,</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> </span></span><em><span style="font-family: 'Times New Roman'; font-size: 10pt;"><em style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;">Revenue from Contracts with Customers (Topic <span id="fs_HTEWFUWTFK00000000000000000000">606</span>)</em><span style="font-family: Times New Roman; font-size: 10pt; font-style: italic;">.</span></span></em><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: Times New Roman; font-size: 10pt;">The amendments in ASU <span id="fs_FFH3U6C6DC00000000000000000000">2014</span>-<span id="fs_DTXV6YCR4G00000000000000000000">09</span> affect any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. </span></span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: Times New Roman; font-size: 10pt;">The amendments were effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. </span></span><em><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">On January 1, 2018, the Company adopted ASU <span id="fs_G0DQN3HC8000000000000000000000">2014</span>-<span id="fs_5GHPH2BAS000000000000000000000">09</span> using the retrospective approach. The Company noted no financial impact on the Condensed Consolidated Financial Statements as a result of the adoption of this amended guidance. In addition, the adoption of this new accounting standard resulted in increased disclosure, including qualitative and quantitative disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. See the Revenue Recognition section of</span></span></span></em><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> </span></span></span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><span id="fs_UW2QYHHSM800000000000000000000">Note 1 – Summary of Significant Accounting Policies and General</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> for additional information</span>.</span></span><em><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></em></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><em><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><br/></span></span></em></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">In February 2016, the FASB issued ASU No.<span> </span><span id="fs_K6UW3V7M2800000000000000000000">2016</span>-<span id="fs_FOWPM6F8ZK00000000000000000000">02</span>,</span><span style="font-family: Times New Roman; font-size: 10pt;"><span> </span></span><em><span style="font-family: 'Times New Roman'; font-size: 10pt;">Leases</span></em><span style="font-family: Times New Roman; font-size: 10pt;">, to improve financial reporting about leasing transactions. This ASU will require organizations that lease assets (“lessees”) to recognize a lease liability and a right-of-use asset on its balance sheet for all leases with terms of more than<span> </span><span id="fs_ZO5DPQGA3K00000000000000000000">twelve</span><span> </span>months. A lease liability is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis and a right-of-use asset represents the lessee’s right to use, or control use of, a specified asset for the lease term. The amendments in this ASU simplify the accounting for sale and leaseback transactions. This ASU leaves the accounting for the organizations that own the leased assets largely unchanged except for targeted improvements to align it with the lessee accounting model and Topic<span> </span><span id="fs_ETN6TZ4WF400000000000000000000">606</span>,<span> </span><em>Revenue from Contracts with Customers</em>.</span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 10pt;"> </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">The amendments in ASU<span> </span><span id="fs_U6UMK11TDS00000000000000000000">2016</span>-<span id="fs_6338KL59QO00000000000000000000">02</span><span> </span>were effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. On January 1, 2019, the Company adopted ASU <span id="fs_BQLX5RKHJ400000000000000000000fs">2016</span>-<span id="fs_PTBADP8QZ400000000000000000000fs">02</span> using the modified retrospective approach. As a result, the comparative financial information has not been updated and the required disclosures prior to the date of adoption have not been updated and continue to be reported under the accounting standards in effect for those periods. As of January 1, 2019, the Company <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">recorded a right-of-use asset and a lease liability of approximately $<span>5.6 </span>million on the Condensed Consolidated Balance Sheet</span>. The Company noted no<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> financial impact on the Condensed Consolidated Statement of Operations and the Condensed Consolidated Statement of Cash Flows as a result of the adoption of this amended guidance. In addition, the adoption of this new accounting standard resulted in increased financial statement disclosures to present additional details of its leasing arrangements. The Company used the following practical expedients: (i) the Company has not reassessed whether any expired or existing contracts are, or contain, leases; (ii) the Company has<span> </span>not reassessed the lease classification for any expired or existing leases; and (iii) the Company has<span> </span>not reassessed initial direct costs for any expired or existing leases.  See <span id="fs_P1M8OQ7T0000000000000000000000FM">Note 4 – Lease Commitments</span> for additional information.</span></span><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">No other new accounting pronouncements issued or effective during the reporting period had, or are expected to have, a material impact on our Condensed Consolidated Financial Statements. </span></p> </div> </div> 23300000 600000 100000 <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span><strong><span style="font-family: 'Times New Roman'; font-size: 10pt;">Liquidity</span></strong></span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 5pt;"> </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">On November 9, 2018, the Company entered into a Loan and Security Agreement ("BofA Loan Agreement") with Bank of America, N.A. ("BofA"). In connection with entry into the BofA Loan Agreement, the Company repaid in full the remaining balance of the Company's borrowing facility with MidCap Business Credit LLC (“MidCap”). On March 1, 2019, the Company amended the BofA Loan Agreement, which extended the commitment termination date to September 30, 2022 and released certain reserves previously required by BofA under the BofA Loan agreement, among other things. Also on March 1, 2019, the Company made a $500.0 thousand payment to a related party and extended the termination date of certain related party notes to December 31, 2022. </span>See <span id="fs_998UV7UU6800000000000000000000">Note 3 – Long-Term Debt and Notes Payable to Bank</span> for discussion of loan arrangements with BofA and MidCap. The Company expects operating cash flow and borrowings under its working capital line of credit to be sufficient to meet its ongoing obligations. </span><span style="font-size: 10.0pt;">See <span id="fs_1Z0VUNB7O000000000000000000000FM">Note 6 – Related Party Transactions</span> for discussion of loan arrangements with a related party.<span style="mso-spacerun: yes;"><br/></span></span><span style="font-size: 10.0pt;"><span style="mso-spacerun: yes;"><br/></span></span></p> <div class="pageBreak"> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">During the second quarter of <span id="fs_9L7D5O2Y8W00000000000000000000fs">2019</span>, the Company was out of compliance with its financial covenant related to the Fixed Charge Coverage Ratio (“FCCR”) set forth in the BofA Loan Agreement. </span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">On August </span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"><span id="fs_ZF7MTP787400000000000000000000fs">14</span>,</span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"> <span id="fs_WWOEA21K8G00000000000000000000fs">2019</span>,</span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"> t</span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">he Company entered into a second amendment to the BofA Loan Agreement, through which </span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">BofA waived the Company’s breach of the aforementioned covenant through July 31, 2019 and amended the financial covenants as more fully described in <span id="fs_V7HRP31W4G00000000000000000000FM">Note 3 – Long-Term Debt and Notes Payable to Bank</span> for future periods beginning August 1, 2019. <span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Although the Company expects operating cash flow and borrowings under our working capital line of credit to be sufficient to meet our ongoing obligations, we cannot provide assurance that sufficient liquidity can be raised from one or both of these sources. Additionally, the Company must maintain compliance with its financial covenants in order to continue to borrow under the BofA revolving facility.</span></span></span></p> <p style="font-size: 6pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'times new roman', times;">The borrowings under the working capital line of credit are classified as short-term obligations under generally accepted accounting principles in the United States of America ("GAAP") as the agreement with the lender contains a subjective acceleration clause and requires the Company to maintain a lockbox arrangement with the lender. However, the contractual maturity date of the revolver is September 30, 2022.    </span></span></p> 500000.0 <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Basis of Presentation</span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 5pt;"> </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article <span id="fs_IWLCRVNGW000000000000000000000">10</span> of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete consolidated financial statements. The Accounting Standards Codification ("ASC") as produced by the Financial Accounting Standards Board ("FASB") is the sole source of authoritative GAAP. In the opinion of management of the Company, the accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary to present fairly the financial position at <span id="fs_FQY046L0SG00000000000000000000">June 30, 2019</span>, and the results of operations and changes in cash flows for the quarters ended <span id="fs_S9VKFIRISG00000000000000000000">June 30, 2019</span> and <span id="fs_7JQDT6P0PS00000000000000000000">2018</span>. Results of operations for the period ended <span id="fs_NGMAIKHB5C00000000000000000000">June 30, 2019</span> are not necessarily indicative of the results that may be expected for the entire year. Additional information, including the audited <span id="fs_HWKYJQVYVK00000000000000000000">December 31, 2018</span> consolidated financial statements and the Summary of Significant Accounting Policies, is included in the Company's Annual Report on Form 10-K for the year ended <span id="fs_AHCEVJG7E800000000000000000000">December 31, 2018</span>, on file with the Securities and Exchange Commission.<br/></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Estimates </span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 5pt;"> </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">In preparing the consolidated financial statements in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article <span id="fs_49RBGIJ3Z400000000000000000000">10</span> of Regulation S-X, management must make estimates and assumptions. These estimates and assumptions affect the amounts reported for assets, liabilities, revenues and expenses, as well as affecting the disclosures provided. Examples of estimates include the allowance for doubtful accounts, estimates of property tax assessments, estimates of environmental liabilities including remediation costs, estimates of accrued payables, estimates of deferred income tax assets and liabilities, estimates of inventory balances, and estimates of stock option and warrant values. The Company also uses estimates when assessing fair values of assets and liabilities acquired in business acquisitions as well as any fair value and any related impairment charges related to the carrying value of inventory and machinery and equipment and other long-lived assets. Despite the Company’s intention to establish accurate estimates and use reasonable assumptions, actual results may differ from these estimates.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0px; text-indent: 0px;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Principles of Consolidation</span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 10pt;"> </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">The Condensed Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries.</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">Upon consolidation, all inter-company accounts, transactions and profits have been eliminated.</span></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.25pt 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><span><span style="color: #000000;"><strong><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Revenue Recognition</span></strong></span></span></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.25pt 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman', Times, serif;">The Company's revenue is primarily generated from short-term contracts with customers. The Company notes there have been no credit losses recorded on any receivables or contract assets arising from contracts with customers for the <span id="fs_DPUKQIVFE800000000000000000000">three and six</span> month periods ended <span id="fs_HWG78292MO00000000000000000000">June 30, 2019</span> and <span id="fs_H1KJA00W0000000000000000000000">2018</span>. The Company elects to use the practical expedient as it relates to significant financing components as the Company expects, at the contract inception, that the period between when the Company transfers a promised good and when the customer pays for that good will be <span id="fs_TGLYSXM5DS00000000000000000000">one</span> year or less.</span></span></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.25pt 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><br/></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><span style="font-size: 10pt;"><em><span style="font-family: 'times new roman', times;">F</span><span style="font-family: 'times new roman', times;">errous and nonferrous revenue</span></em></span></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="line-height: 115%;"> <span style="line-height: 115%; color: black;">Ferrous and non-ferrous contracts contain <span id="fs_62UM0IDK7K00000000000000000000">one</span> performance obligation which consists of the shipment of a stated quantity of a stated product to be delivered within a stated time frame. Ferrous and non-ferrous revenue contracts are primarily short-term contracts, typically completed within <span id="fs_IXR4NSGW0W00000000000000000000">30</span> days.</span><span style="line-height: 115%; color: black;"> </span><span style="line-height: 115%; color: black;">Ferrous and non-ferrous transaction prices are stated in the contract with no variable considerations present. <span style="line-height: 115%; color: black;">As ferrous and non-ferrous contracts contain <span id="fs_37QORFNC4G00000000000000000000">one</span> performance obligation, the total transaction price is allocated to the shipment of materials.<span style="mso-spacerun: yes;"> </span>When multiple loads are included in <span id="fs_VRJN3W6J0G00000000000000000000">one</span> contract, the stated price per gross ton is applied to the shipment weight in order to determine transaction price. Ferrous and non-ferrous <span style="line-height: 115%; color: black;">revenue is recognized when the Company satisfies the shipment of materials per the contract.<span style="mso-spacerun: yes;"> The shipment and delivery of material typically occurs on the same day. No contract assets or contract liabilities were recognized as of <span id="fs_ONN9ZI478000000000000000000000">June 30, 2019</span> and <span id="fs_MY28WW2EFK00000000000000000000">2018</span>.</span></span></span></span></span></span></p> <div> </div> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><br/></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><span style="font-size: 10pt;"><em><span style="font-family: 'times new roman', times;">Revenue from auto parts operations and other revenue</span></em></span></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0px; text-align: justify; font-size-adjust: none; font-stretch: normal;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="line-height: 115%;">Revenue from auto parts primarily consists of individual transactions by customers who enter the Company’s premises and purchase auto parts by cash or credit card. <span style="line-height: 115%;">Related to these sales, a customer may be charged a core charge. <span style="line-height: 115%;">The customer has 30 days to return the core and receive a refund of the core charge.</span> <span style="line-height: 115%;">Additionally, customers have the option to separately purchase a warranty related to certain goods purchased.<span style="mso-spacerun: yes;"> Total core charges and warranty sales are immaterial, in aggregate accounting for less than 1% of revenue from auto parts operations and other revenue</span></span></span>. <span style="line-height: 115%; color: black;">Sale prices, core charges and warranties are tracked separately and recognized as revenue when the purchase is completed.<span style="mso-spacerun: yes;"> <span style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">No contract assets or contract liabilities were recognized as of <span id="fs_XJ7EUUWJSW00000000000000000000">June 30, 2019</span> and <span id="fs_BIXLE10EXC00000000000000000000">2018</span>.</span> </span></span> </span></span></p> 0 0 P30D 0.01 <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Fair Value  </span></p> <p style="font-size: 9pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">The Company carries certain of its financial assets and liabilities at fair value on a recurring basis. These financial assets and liabilities are composed of cash and cash equivalents. Long-term debt is carried at cost, and the fair value is disclosed herein.</span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">In addition, the Company measures certain assets, such as long-lived assets, at fair value on a non-recurring basis to evaluate those assets for potential impairment. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">In accordance with applicable accounting standards, the Company categorizes its financial assets and liabilities into the following fair value hierarchy:</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">Level <span id="fs_2PZOO63HKG00000000000000000000">1</span></span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">–</span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">Financial assets and liabilities with values based on unadjusted quoted prices for identical assets or liabilities in an active market. Examples of Level <span id="fs_12GMLL93K000000000000000000000">1</span> financial instruments include active exchange-traded securities.</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">Level <span id="fs_BY6ZSHZD0000000000000000000000">2</span></span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">–</span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">Financial assets and liabilities with values based on quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. Examples of Level <span id="fs_G3UVWA804W00000000000000000000">2</span> financial instruments include various types of interest-rate and commodity-based derivative instruments, long-term debt and various types of fixed-income investment securities. Pricing models are utilized to estimate fair value for certain financial assets and liabilities categorized in Level <span id="fs_TCW2DJLXZ400000000000000000000">2</span>.</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">Level <span id="fs_8R51VEX0LC00000000000000000000">3</span></span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">–</span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">Financial assets and liabilities with values based on prices or valuation techniques that require inputs that are both unobservable in the market and significant to the overall fair value measurement. These inputs reflect management’s judgment about the assumptions that a market participant would use in pricing the asset or liability, and are based on the best available information, some of which is internally developed.</span><span style="font-family: 'Times New Roman';"> </span></span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">When determining the fair value measurements for financial assets and liabilities carried at fair value on a recurring basis, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, ISA looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to market observable data for similar assets and liabilities. Nevertheless, certain assets and liabilities are not actively traded in observable markets, and the Company uses alternative valuation techniques to derive fair value measurements.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">The Company uses the fair value methodology outlined in the related accounting standards to value the assets and liabilities for cash and debt. All the Company's cash is defined as Level <span id="fs_8SEY13STUOGK40KGSWSCOWW8OKKOWG">1</span> and all our debt is defined as Level <span id="fs_ZSBP4RHZRK00000000000000000000">2</span>.</span></p> <div> </div> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-left: none; border-right: none;"> <div> <div style="border-left: none; border-right: none;"> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">In accordance with this guidance, the following table represents our fair value hierarchy for Level 1 and Level 2 financial instruments at</span><span style="font-family: 'Times New Roman';"> <span id="fs_L0IYUE9WLC00000000000000000000">June 30, 2019</span></span><span style="font-family: 'Times New Roman';"> and <span id="fs_37LFW9MPCW00000000000000000000">December 31, 2018</span>, <span>in thousands</span>:</span> </span></p> <div> <div style="border-left: none; border-right: none;"> <div id="t_ft_VR93ZXLU9C00000000000000000000"> <table cellpadding="0" style="border-collapse: collapse; width: 99%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 136px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="7" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><strong><span> Fair Value at Reporting Date Using </span></strong></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><strong><span style="border-right: none; border-left: none;"><span id="fs_164WJ1RS7K00000000000000000000FM">June 30, 2019</span></span>: unaudited</strong></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Quoted Prices in Active Markets for Identical Assets </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Significant Other Observable Inputs </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Assets: </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Level <span id="fs_O2I05OYF8000000000000000000000">1</span> </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Level <span id="fs_E844OTIFYO00000000000000000000">2</span> </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; width: 31%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Cash and cash equivalents </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 27%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">844</span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 23%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> — </span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">844</span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Liabilities: </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 8pt;">   </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 8pt;">   </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Long-term debt </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> — </span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(7,667</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(7,667</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Long-term debt, related parties </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> — </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(948</span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">)</td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(948</span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">)</td> </tr> </tbody> </table> </div> </div> </div> </div> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <div> <div style="border-left: none; border-right: none;"> <div id="t_ft_PPBIBJP6G000000000000000000000"> <table cellpadding="0" style="border-collapse: collapse; width: 99%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 119px;" width="100%"> <tbody> <tr style="background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="7" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><strong><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fair Value at Reporting Date Using </span></strong></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> </tr> <tr style="background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><strong><span id="fs_LCL4ZPORXS00000000000000000000">December 31, 2018</span>:</strong>  </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Quoted Prices in Active Markets for Identical Assets </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Significant Other Observable Inputs </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Assets: </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Level <span id="fs_SVL50BMJ7K00000000000000000000">1</span> </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Level <span id="fs_QMY3PU8V2O00000000000000000000">2</span> </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> </tr> <tr style="background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; width: 31%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Cash and cash equivalents </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 27%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">1,044</span></p> </td> <td style="vertical-align: bottom; width: 1%; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 23%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">—</span></p> </td> <td style="vertical-align: bottom; width: 1%; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 1,044 </span></p> </td> <td style="vertical-align: bottom; width: 1%; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Liabilities: </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 8pt;">   </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 8pt;">   </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Long-term debt </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">—</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(6,197</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: left;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> ) </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> (6,197</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> ) </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Long-term debt, related parties </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> — </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,430</span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> (1,430</span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td> </tr> </tbody> </table> </div> </div> </div> </div> <div> <div style="border-left: none; border-right: none;"> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">In accordance with this guidance, the following table represents our fair value hierarchy for Level 1 and Level 2 financial instruments at</span><span style="font-family: 'Times New Roman';"> <span id="fs_L0IYUE9WLC00000000000000000000">June 30, 2019</span></span><span style="font-family: 'Times New Roman';"> and <span id="fs_37LFW9MPCW00000000000000000000">December 31, 2018</span>, <span>in thousands</span>:</span> </span></p> <div> <div style="border-left: none; border-right: none;"> <div id="t_ft_VR93ZXLU9C00000000000000000000"> <table cellpadding="0" style="border-collapse: collapse; width: 99%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 136px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="7" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><strong><span> Fair Value at Reporting Date Using </span></strong></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><strong><span style="border-right: none; border-left: none;"><span id="fs_164WJ1RS7K00000000000000000000FM">June 30, 2019</span></span>: unaudited</strong></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Quoted Prices in Active Markets for Identical Assets </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Significant Other Observable Inputs </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Assets: </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Level <span id="fs_O2I05OYF8000000000000000000000">1</span> </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Level <span id="fs_E844OTIFYO00000000000000000000">2</span> </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; width: 31%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Cash and cash equivalents </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 27%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">844</span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 23%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> — </span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">844</span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Liabilities: </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 8pt;">   </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 8pt;">   </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Long-term debt </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> — </span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(7,667</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(7,667</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Long-term debt, related parties </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> — </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(948</span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">)</td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(948</span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;">)</td> </tr> </tbody> </table> </div> </div> </div> </div> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <div> <div style="border-left: none; border-right: none;"> <div id="t_ft_PPBIBJP6G000000000000000000000"> <table cellpadding="0" style="border-collapse: collapse; width: 99%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 119px;" width="100%"> <tbody> <tr style="background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="7" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><strong><span style="font-family: 'times new roman', times; font-size: 10pt;"> Fair Value at Reporting Date Using </span></strong></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> </tr> <tr style="background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><strong><span id="fs_LCL4ZPORXS00000000000000000000">December 31, 2018</span>:</strong>  </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Quoted Prices in Active Markets for Identical Assets </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Significant Other Observable Inputs </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Assets: </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Level <span id="fs_SVL50BMJ7K00000000000000000000">1</span> </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Level <span id="fs_QMY3PU8V2O00000000000000000000">2</span> </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> </tr> <tr style="background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; width: 31%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Cash and cash equivalents </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 27%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">1,044</span></p> </td> <td style="vertical-align: bottom; width: 1%; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 23%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">—</span></p> </td> <td style="vertical-align: bottom; width: 1%; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 1,044 </span></p> </td> <td style="vertical-align: bottom; width: 1%; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Liabilities: </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 8pt;">   </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 8pt;">   </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Long-term debt </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">—</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(6,197</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: left;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> ) </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> (6,197</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> ) </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Long-term debt, related parties </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> — </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (1,430</span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td> <td style="padding: 0px 2px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> (1,430</span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;">)</span></td> </tr> </tbody> </table> </div> </div> </div> 844000 0 844000 0 7667000 7667000 0 948000 948000 1044000 0 1044000 0 6197000 6197000 0 1430000 1430000 <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Common Stock and Share-based Compensation Arrangements </span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company has a Long Term Incentive Plan adopted in <span id="fs_Q1MCF231W000000000000000000000">2009</span> ("LTIP") under which it may grant equity awards for up to 2.4 million shares of common stock, which are reserved by the Board of Directors for issuance of equity awards. <span style="font-family: 'Times New Roman';">In accordance with the terms of the LTIP, the last date upon which the Committee could grant new awards was July 1, 2019, the<span> </span><span id="fs_SKC2ZGFH0G00000000000000000000fs">ten</span>-year anniversary of the effective date of the LTIP</span><span style="font-family: 'Times New Roman';">. </span>The Company provides compensation benefits by granting stock options and other share-based awards to employees and directors. The exercise price of each option is equal to the market price of the Company's stock on the date of grant. The maximum term of the option is five years. The plan is accounted for based on FASB’s authoritative guidance titled "ASC <span id="fs_FCZSXI0D6800000000000000000000">718</span> - Compensation - Stock Compensation.<span style="font-style: italic;">"</span>  The Company recognizes share-based compensation expense for the fair value of the awards, on the date granted, on a straight-line basis over their vesting term (service period). Compensation expense is recognized only for share-based payments expected to vest. The Company estimates forfeitures at the date of grant based on the Company's historical experience and future expectations.</span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company uses the grant date stock price to value the Company's restricted stock units. The fair value of each restricted stock unit is estimated on the date of grant.</span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company uses the Modified Black-Scholes-Merton option-pricing model to value the Company's stock options for each employee stock option award. See <span><span id="fs_HM96AEDZB400000000000000000000">Note 7 – Share-Based Compensation and Other Compensation Agreements</span>.</span> Using these option pricing models, the fair value of each stock option award is estimated on the date of grant.  </span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">There are <span id="fs_OT3XCTSS8000000000000000000000">two</span> significant inputs into the stock option pricing models: expected volatility and expected term. The Company estimates expected volatility based on traded option volatility of the Company's stock over a term equal to the expected term of the option granted. The expected term of stock option awards granted is derived from historical exercise experience under the Company's stock option plans and represents the period of time that stock option awards granted are expected to be outstanding.</span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">The expected term assumption incorporates the contractual term of an option grant, as well as the vesting period of an award. The risk-free interest rate is based on the implied yield on a U.S. Treasury constant maturity with a remaining term equal to the expected term of the option granted.</span><span style="font-family: 'Times New Roman';"> </span><span style="font-family: 'Times New Roman';">The assumptions used in calculating the fair value of stock-based payment awards represent management's best estimates, but these estimates involve inherent uncertainties and the application of management's judgment. As a result, if factors change and different assumptions are used, stock-based compensation expense could be materially different in the future. In addition, the Company is required to estimate the expected forfeiture rate, and only recognize expense for those shares expected to vest. If the actual forfeiture rate is materially different from the estimate, the stock-based compensation expense could be significantly different from what was recorded in the current period.</span></span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">Treasury shares or new shares are issued for exercised options. The Company does not expect to repurchase any additional shares within the following annual period to accommodate the exercise of outstanding stock options.</span></p> <div class="pageBreak"> </div> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">Under the LTIP, the Company may grant any of these types of awards: non-qualified and incentive stock options; stock appreciation rights; and other stock awards including stock units, restricted stock units, performance shares, performance units and restricted stock. The performance goals that the Company may use for such awards will be based on any <span id="fs_GPGHFY93F400000000000000000000">one</span> or more of the following performance measures: cash flow; earnings; earnings per share; market value added or economic value added; profits; return on assets; return on equity; return on investment; revenues; stock price; or total shareholder return.</span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">The LTIP is administered by a committee selected by the Board consisting of <span id="fs_QMAKOMCU1S00000000000000000000">two</span> or more outside members of the Board.  </span></span></p> 2400000 P5Y <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><strong><span style="font-family: 'Times New Roman';">Gain on Insurance Proceeds </span></strong></span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">The Company filed an insurance claim related to six roofs on certain of its buildings due to weather related damage. The Company received insurance proceeds and recorded a gain, <span style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">net of expenses and consulting fees related to the claim,</span> during <span id="fs_B50AFHW9WG00000000000000000000fs">2016</span> and <span id="fs_PBRHK4APN400000000000000000000fs">2018</span>. The Company received an additional $38.0 thousand in insurance proceeds in the first quarter of <span id="fs_UMJJBR7K0000000000000000000000fs">2019</span> and recorded a gain.</span></p> 6 38000.0 <p style="text-align: justify; margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; line-height: 107%;"><span><strong>Commitments and Contingencies </strong></span></span></p> <div style="border-right: none; border-left: none;"> <div style="font-family: 'times new roman', times; font-size: 10pt;"> <div style="border-right: none; border-left: none;"> <div style="border-right: none; border-left: none;"> <div style="text-align: justify;"> <div> <div style="text-align: justify;"> <p style="text-align: justify; margin: 0in 0in 0pt; line-height: 1.2; font-size: 11pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit; font-family: 'Times New Roman', serif;">The Company is currently subject to a claim by the Environmental Protection Agency (EPA) that the Company has been identified as a “potentially responsible party” (“PRP”) under</span></span> the <span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Comprehensive Environmental Response, Compensation, and Liability Act (<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">“</span>CERCLA<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">”</span>)</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit; font-family: 'Times New Roman', serif;"> in the Chemetco superfund matter. Chemetco was a defunct reclamation services supplier that operated in Illinois at what now is a superfund site. The Company previously shipped recycled, non-hazardous metals to Chemetco. <span>The EPA is pursuing</span> Chemetco customers and suppliers for contribution to the site cleanup activities. After paying $10.0 thousand as its portion of preliminary investigation and remediation costs at the site, the Company accrued $50.0 thousand in the quarter ended June 30, 2019, as a reserve against potential environmental liabilities at the site. Due to the limited nature of the Company's involvement in these environmental proceedings and the involvement of many other parties with substantial financial resources in the proceedings, the Company does not anticipate, based on currently available information, that potential environmental liabilities arising from these proceedings are likely to exceed the amount of the Company's reserve by an amount that would have a material effect on the Company's financial condition, results of operations or cash flows. Also, in the quarter ended June 30, 2019, the Company has accrued an additional $130.0 thousand with respect to expenditures and other remediation measures anticipated with respect to stormwater permit compliance with Kentucky state environmental regulations.</span></span></p> </div> </div> </div> </div> </div> </div> </div> 10000.0 50000.0 130000.0 <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">S<span>ubsequent Even</span>ts</span></p> <p style="font-size: 8pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';">The Company has evaluated the period from</span><span style="font-family: 'Times New Roman';"> <span id="fs_9NFQ40N16O00000000000000000000">June 30, 2019</span></span><span style="font-family: 'Times New Roman';"> through the date the financial statements herein were issued for subsequent events requiring recognition or disclosure in the financial statements and identified the following:</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';"><br/></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';"><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">As noted above, on August 6, 2019, the Company received a written notification from </span>Nasdaq<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> indicating that the Company was not in compliance with the minimum closing bid price requirement set forth in<span> </span></span>Nasdaq<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>Rules for continued listing on the<span> </span></span>Nasdaq<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>Capital Market.<span> </span></span><br/></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';"><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span><br/></span></span></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';"><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">As noted above, during the second quarter of <span id="fs_C22U9RUKU800000000000000000000fs">2019</span>, the Company was out of compliance with its financial covenant related to the FCCR set forth in the BofA Loan Agreement. </span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">On August 14,</span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"> <span id="fs_HMLX78EB0W00000000000000000000fs">2019</span>,</span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"> t</span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">he Company entered into a second amendment to the BofA Loan Agreement, through which </span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">BofA waived the Company’s breach of the aforementioned covenant through July 31, 2019 and amended the financial covenants for future periods beginning August 1, 2019.</span></span><br/></span></span></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';"><br/></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: 'Times New Roman';"><span style="line-height: 115%; font-family: 'Times New Roman', serif;">As noted above, on August 16, 2019, the Company entered into the Purchase Agreement with River Metals, a subsidiary of DJJ. Pursuant to the Purchase Agreement, River Metals would acquire substantially all of the assets of the Company on the satisfaction or waiver of the closing conditions set forth in the Purchase Agreement, which include approval by the Company’s shareholders of the transactions contemplated by the Purchase Agreement. For additional information, please see the Company's Form 8-K filed August 19, 2019.</span></span></span></p> 5600000 <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; font-family: Times New Roman; font-weight: bold;"><span style="border-right: none; border-left: none;"><span id="fs_0XHT7Y35U800000000000000000000">NOTE 2 – INVENTORIES</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div> <div> <div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company's inventories primarily consist of ferrous and non-ferrous scrap metals, and are valued at the lower of average purchased cost or net realizable value ("NRV") based on the specific scrap commodity. Quantities of inventories are determined based on the Company's inventory systems and are subject to periodic physical verification using estimation techniques including observation, weighing and other industry methods. The Company recognizes inventory impairment and related adjustments when the NRV, based upon current market pricing, falls below recorded value or when the estimated volume is less than the recorded volume of the inventory. The Company records the loss in cost of sales in the period during which the loss is identified.</span></p> </div> </div> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Certain assumptions are made regarding future demand and net realizable value in order to assess whether inventory is properly recorded at the lower of cost or NRV. Assumptions are based on historical experience, current market conditions and remaining costs of processing (if any) and disposal. If the anticipated future selling prices of scrap metal and finished steel products should decline, the Company would re-assess the recorded NRV of the inventory and make any adjustments believed necessary in order to reduce the value of the inventory (and increase cost of sales) to the lower of cost or NRV. </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Due to decreases in ferrous market prices during the second quarter of <span id="fs_ZKEL8A903400000000000000000000fs">2019</span>, the Company evaluated the NRV of the inventory and recorded an NRV inventory write-down of $175.0 thousand in the second quarter of <span id="fs_RHC4NEHTMO00000000000000000000fs">2019</span>. The Company did not have an NRV write-down in the <span id="fs_H1WL2H13NK00000000000000000000">six</span> month period ended <span id="fs_0VTOUWB2R400000000000000000000">2018</span>.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Some commodities are in saleable condition at acquisition. The Company purchases these commodities in small amounts until it has a truckload of material available for shipment. Some commodities are not in saleable condition at acquisition. These commodities must be sorted, shredded, cut or baled. ISA does not have work-in-process inventory that needs to be manufactured to become finished goods. The Company includes processing costs in inventory for all commodities by weight.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div> <div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">I<span style="font-family: 'times new roman', times;">n<span>ventorie</span>s for ferrous and non-ferrous materials as of <span id="fs_4H2G5PINOW00000000000000000000">June 30, 2019</span></span></span><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt;"> and</span><span style="font-size: 10pt;"> <span id="fs_J3MPEM6S0000000000000000000000">December 31, 2018</span></span><span style="font-size: 10pt;"> consist of the following:</span> </span></p> </div> <div> <div id="t_ft_N2Y168S74W00000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; width: 99.5%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 137px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times;"><strong><span style="font-size: 10pt;"><span id="fs_QFJHJDBMQO00000000000000000000">June 30, 2019</span></span></strong></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">    </span></p> </td> <td colspan="3" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px;"/> </tr> <tr style="height: 17px;"> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 2px 0px; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (unaudited) </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times;"><strong><span style="font-size: 10pt;"><span id="fs_LZE8JQYO2800000000000000000000">December 31, 2018</span></span></strong></span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt;">   </span></p> </td> <td colspan="7" style="border-bottom: 0.75pt solid #000000; padding: 2px 0px; vertical-align: bottom; border-top: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (in thousands) </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; width: 65%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Raw materials </span></p> </td> <td style="padding: 2px 0px 2px 2px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 15%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,913</span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; padding: 0px; width: 1%; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 2px 0px 2px 2px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 15%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 4,485 </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; padding: 0px; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Finished goods </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span>1,451</span></span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span>1,284</span></span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Processing costs </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">894</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #cceeff; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,165</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #cceeff; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total inventories for sale </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 2px 0px 2px 2px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,258</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; padding: 0px; height: 18px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 2px 0px 2px 2px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 6,934 </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; padding: 0px; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> </tbody> </table> </div> </div> </div> <div> <div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company's inventories primarily consist of ferrous and non-ferrous scrap metals, and are valued at the lower of average purchased cost or net realizable value ("NRV") based on the specific scrap commodity. Quantities of inventories are determined based on the Company's inventory systems and are subject to periodic physical verification using estimation techniques including observation, weighing and other industry methods. The Company recognizes inventory impairment and related adjustments when the NRV, based upon current market pricing, falls below recorded value or when the estimated volume is less than the recorded volume of the inventory. The Company records the loss in cost of sales in the period during which the loss is identified.</span></p> </div> </div> 175000.0 <div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">I<span style="font-family: 'times new roman', times;">n<span>ventorie</span>s for ferrous and non-ferrous materials as of <span id="fs_4H2G5PINOW00000000000000000000">June 30, 2019</span></span></span><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt;"> and</span><span style="font-size: 10pt;"> <span id="fs_J3MPEM6S0000000000000000000000">December 31, 2018</span></span><span style="font-size: 10pt;"> consist of the following:</span> </span></p> </div> <div> <div id="t_ft_N2Y168S74W00000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; width: 99.5%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 137px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times;"><strong><span style="font-size: 10pt;"><span id="fs_QFJHJDBMQO00000000000000000000">June 30, 2019</span></span></strong></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">    </span></p> </td> <td colspan="3" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px;"/> </tr> <tr style="height: 17px;"> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 2px 0px; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (unaudited) </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times;"><strong><span style="font-size: 10pt;"><span id="fs_LZE8JQYO2800000000000000000000">December 31, 2018</span></span></strong></span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 8pt;">   </span></p> </td> <td colspan="7" style="border-bottom: 0.75pt solid #000000; padding: 2px 0px; vertical-align: bottom; border-top: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> (in thousands) </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; width: 65%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Raw materials </span></p> </td> <td style="padding: 2px 0px 2px 2px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 15%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">2,913</span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; padding: 0px; width: 1%; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 2px 0px 2px 2px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 15%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 4,485 </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; padding: 0px; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Finished goods </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span>1,451</span></span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span>1,284</span></span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Processing costs </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">894</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #cceeff; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,165</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; background-color: #cceeff; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Total inventories for sale </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 2px 0px 2px 2px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">5,258</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; padding: 0px; height: 18px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 2px 0px 2px 2px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 6,934 </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; padding: 0px; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> </tbody> </table> </div> </div> 2913000 4485000 1451000 1284000 894000 1165000 5258000 6934000 <p style="font-size: 10pt; line-height: 1; margin: 0pt; text-align: justify; font-family: 'Times New Roman'; font-weight: bold;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-right: none; border-left: none; line-height: inherit;"><span id="fs_KMNP8V2ASG00000000000000000000">NOTE 3 – LONG-TERM DEBT AND NOTES PAYABLE TO BANK</span></span></span></p> <p style="font-size: 10pt; line-height: 1.1; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.1; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; text-decoration: underline; line-height: inherit;">Summary:</span></p> <p style="font-size: 10pt; line-height: 1.1; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.1; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-size: 10pt; font-family: 'Times New Roman', serif; line-height: inherit;">On March 31, 2017, the Company entered into an amendment to increase its existing line of credit with MidCap, subject to the satisfaction of certain borrowing base restrictions, which were subsequently satisfied, and extend the maturity date more fully described below</span>. </span></span></p> <p style="font-size: 10pt; line-height: 1.4; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"> <span style="font-size: 10pt; font-family: 'Times New Roman', serif; line-height: inherit;">On June 23, 2017, in connection with the purchase of equipment to be used in the operation of the Company's business, the Company issued notes totaling</span> $129.0 thousand principal amount due to a related party. See <span id="fs_EBU6DCSXAO00000000000000000000">Note 6 – Related Party Transactions</span>.</span></span><br/></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"> <span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">On November 9, 2018, the Company entered into the BofA Loan Agreement with BofA and paid off all remaining amounts due to the Company's previous lender MidCap. On March 1, 2019, the Company amended the BofA Loan Agreement, which extended the commitment termination date to September 30, 2022 and released certain reserves previously required by BofA under the BofA Loan agreement, among other things. Also on March 1, 2019, the Company made a $500.0 thousand payment to a related party and extended the termination date of certain related party notes to December 31, 2022. See <span id="fs_VORNX7TRK000000000000000000000FM">Note 6 – Related Party Transactions</span> for discussion of loan arrangements with a related party</span>.</span></span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><br/></span></span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"> <span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">During the second quarter of 2019, the Company was out of compliance with its financial covenant related to the FCCR set forth in the BofA Loan Agreement.<span style="mso-spacerun: yes;">  </span>On August 14, 2019, the Company entered into a second amendment to the BofA Loan Agreement, through which BofA waived the Company’s breach of the aforementioned covenant through July 31, 2019 and amended the financial covenants as more fully described below for future periods beginning August 1, 2019.</span> <br/></span></span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; text-decoration: underline; line-height: inherit;">MidCap:</span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">On February 29, 2016, the Company entered into the <span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_645VC89BCG00000000000000000000fs">2016</span></span></span> Loan, which, as initially entered into, provided a</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">$6.0 million senior, secured asset-based line of credit with MidCap.</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">The Company could borrow up to the sum of</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">(a)</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">85%</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">of the value of its eligible domestic accounts receivable; (b) the lesser of (i)</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">$2.5 million and (ii)</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">75%</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">of the net orderly liquidation value of eligible inventory; and (c) the lesser of (i)</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">$500,000 and (ii)</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">40%</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">of appraised net forced liquidation value of eligible fixed assets (the "Equipment Sublimit").</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">The Equipment Sublimit amortizes monthly on a straight line basis over</span><span style="font-size: 10pt; line-height: inherit;"> <span style="border-right: none; border-left: none; line-height: inherit;"><span style="border-right: none; border-left: none; line-height: inherit;"><span id="fs_DQPZT1II4W00000000000000000000fs">six</span></span></span></span><span style="font-size: 10pt; line-height: inherit;">ty (60) months with no reduction to the overall line of credit availability. As described below, the <span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_YU6OWPTGFK00000000000000000000fs">2016</span></span> Loan was amended on March 31, 2017 and June 4, 2018.</span></span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Proceeds from this loan were used to pay transaction expenses, pay off and close the remaining balance on the Wells Fargo revolving line of credit and fund working capital requirements. </span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The interest rate on the <span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_C27E929OM800000000000000000000fs">2016</span></span></span> Loan was equal to the prime rate (5.25% as of November 9, 2018) plus</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_U73NX1JWS000000000000000000000fs">250</span></span></span> basis points (2.50%).</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">In the Event of a Default (as defined in the <span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_ELTU6A1E8G00000000000000000000fs">2016</span></span></span> Loan Agreement), the interest rate would increase by</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_YBVJ6ZPPUO00000000000000000000fs">300</span></span></span> basis points (3.00%).</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">The <span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_SH93YCDO2O00000000000000000000fs">2016</span></span></span> Loan also had a monthly collateral-monitoring fee equal to</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_FTYQ0155CG00000000000000000000fs">27.5</span></span></span> basis points (0.275%) of the average daily balance outstanding, an annual facility fee of</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_23OCOZ703K00000000000000000000fs">100</span></span></span> basis points (1.00%) and an unused line fee equal to an annual rate of</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_NEU9EEJLSW00000000000000000000fs">50</span></span></span> basis points (0.50%) of the average undrawn portion of the <span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_FTKAVAKQN400000000000000000000fs">2016</span></span></span> Loan.</span></span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The <span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_AED2S5SK4G00000000000000000000fs">2016</span></span></span> Loan had a maturity date of February 28, 2020 based on the amendment described below. The borrowings under the revolving credit agreement were classified as short-term obligations under GAAP as the agreement with MidCap contained a subjective acceleration clause and required the Company to maintain a lockbox arrangement with the lender.</span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Interest and monthly fees under the <span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_CLVRGKR4OG00000000000000000000fs">2016</span></span></span> Loan were payable monthly in arrears.</span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The <span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_P9CYDTOD3K00000000000000000000fs">2016</span></span></span> Loan Agreement contained a minimum line availability covenant equal to</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">$350.0 thousand.</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">This covenant may have been replaced by a FCCR covenant as set forth in the 2016 Loan Agreement once the Company achieved an FCCR of <span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">1.0</span></span>x on an annualized basis.</span></span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">  </span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company granted MidCap a first priority security interest in all of the assets of ISA pursuant to the terms of a Security Agreement. </span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">The Company was allowed to sell or refinance up to</span><span style="font-size: 10pt; line-height: inherit;"> </span><span style="font-size: 10pt; line-height: inherit;">$3.0 million in fair market value of real property provided (i) the proceeds from such refinance or sale remained with the Company; and (ii) no event of default existed at the time of such refinance or sale.</span><span style="font-size: 10pt; line-height: inherit;"> </span></span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On <span style="line-height: inherit;">March 31, 2017</span>, the Company and each of its wholly-owned subsidiaries entered into an amendment to the <span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_OZY7GWYUUO00000000000000000000fs">2016</span></span> Loan with MidCap ("First Amendment"). The First Amendment increased the line of credit from $6.0 million to $8.0 million and extended the maturity date to February 28, 2020. As amended, the line of credit permitted the Company to borrow an amount under the <span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_I3MRX1XFV400000000000000000000fs">2016</span></span> Loan equal to the lesser of (A) $8.0 million; and (B)(i) 85% of the value of the Company’s eligible domestic accounts receivable, plus (ii) the lesser of (x) $2.5 million and (y) 75% of the net orderly liquidation value of eligible inventory, plus (iii) the lesser of (x) $400,000 and (y) 40% of appraised net forced liquidation value of eligible fixed assets, plus (iv) the lesser of (x) $1.75 million and (y) 45% of the appraised value of certain properties owned by the Company (subject to MidCap's receipt of any third-party or internal approvals it may require in its discretion), minus (v) any amount which MidCap may require from time to time, pursuant to terms of the agreement, in order to secure amounts owed to MidCap under the agreement. </span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The First Amendment contained a minimum line availability covenant equal to $350.0 thousand, the same as the original <span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_G4X1YR1CC000000000000000000000fs">2016</span></span> Loan. This covenant was replaced by a FCCR covenant once the Company achieved an FCCR of 1.1x on an annualized basis beginning July 1, 2018 with a result of an increase in availability of $350.0 thousand. The Company paid underwriting fees of $20.0 thousand at closing.</span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><br/></span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">On April 26, 2017, certain borrowing base restrictions were satisfied with MidCap which resulted in an increase in availability of $1.75 million.</span></p> <p style="font-size: 8pt; margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <div style="line-height: 1.1;"> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">On June 4, 2018, the Company and each of its wholly-owned subsidiaries entered into an amendment to the <span id="fs_E1MZN74V9C00000000000000000000FM">2016</span> Loan with MidCap (<span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">“</span>Second Amendment<span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">”</span>). The Second Amendment, among other things, increased the Company’s line of credit from $8.0 million to $10.0 million. The Company also entered into a Second Amended and Restated Revolving Note to evidence amounts borrowed from MidCap under the <span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_FWHSEI1MBK00000000000000000000fs">2016</span></span> Loan.  The Company paid fees of $15.0 thousand at closing.</span></p> <p style="margin: 0in 0in 0pt; text-align: justify; line-height: 1.2; font-size: 8pt;"><br/></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">On November 9, 2018, in connection with entry into the BofA Loan Agreement, the Company repaid in full the remaining balance of the Company's revolving line of credit with MidCap. The Company paid to MidCap $106.8 thousand in interest penalties as a result of such termination.</span></p> <p style="margin: 0in 0in 0pt; text-align: justify; line-height: 1.2; font-size: 8pt;"><br/></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 1.2; font-size: 12pt; font-family: 'Times New Roman', serif;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><em><span style="line-height: inherit;">Bank of America:</span></em><span style="line-height: inherit;"/></span></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 1.2; font-size: 7pt;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;"> </span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">On November 9, 2018, the Company and certain of its wholly-owned subsidiaries (collectively, the "Borrowers") entered into the BofA Loan Agreement that provides for (i) a revolving line of credit in the aggregate principal amount of $10.0 million (subject to a borrowing base), which includes a $1.0 million letter of credit subline (the “Revolving Loan”), and (ii) a term loan in the amount of $2.5 million (the “Term Loan” and together with the Revolving Loan, the “Loans”).  </span></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 7pt; line-height: 1.2;"> </p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The interest rate on the Revolving Loan is equal to LIBOR plus 2.25% to 2.75%. The interest rate on the Term Loan is equal to LIBOR plus 2.75% to 3.25%. During a continuance of an Event of Default, the interest rate will increase by 2.0%. <span style="font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">There was no interest expense impact from the pending discontinuation of the LIBOR index that is utilized in our borrowing facility with BofA. Although we do not expect any future material impacts from the LIBOR discontinuation, there can be no assurances that there will not be a material impact to the Company</span></span></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 7pt; line-height: 1.2;"> </p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">Proceeds from the BofA Loan Agreement were used to satisfy the Company’s existing credit facility with Midcap. In addition, proceeds from the Revolving Loan were used to pay fees and transaction expenses associated with the Loans, to pay the Borrowers’ obligations to BofA, and for other corporate purposes of the Borrowers, including working capital.   </span></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 7pt; line-height: 1.2;"> </p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The Revolving Loan is due and payable in full on the Commitment Termination Date (as defined below), and the Borrowers may prepay the Revolving Loan without premium or penalty. The Term Loan will be repaid by consecutive installments of $89.3 thousand on the first day of each quarter, commencing on January 1, 2019. On the Commitment Termination Date, all principal, interest, and other amounts with respect to the Term Loan will be due and payable in full.  </span></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 7pt; line-height: 1.2;"> </p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">The Borrowers agreed to pay BofA certain fees in connection with the BofA Loan Agreement, including, without limitation: (i) unused credit line fees, due on the first day of each month and on the Commitment Termination Date, (ii) letter of credit facility fees, payable in monthly arrears on the first day of each month, (iii) a closing fee in the amount of $50,000, due on the Closing Date, and (iv) an administrative fee of $10,000 on the Closing Date and on each anniversary date thereof. In addition, the Borrowers agreed to pay all reasonable fees, costs, and expenses, incurred by BofA in the enforcement of the BofA Loan Agreement and related documents during the continuance of an Event of Default and all legal, accounting, appraisal, consulting, and other fees incurred by BofA in connection with the Loans.  </span></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 7pt; line-height: 1.2;"> </p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit; font-family: 'times new roman', times;">Borrowings under the BofA Loan Agreement are secured by all property of each Borrower. The Company’s obligations are also secured by mortgages upon real estate owned by certain wholly-owned subsidiaries of the Company.  </span></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 7pt; line-height: 1.2;"> </p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'times new roman', times;">The BofA Loan Agreement requires the Borrowers to comply with certain customary affirmative and negative covenants that, among other things, will restrict, subject to certain exceptions, the ability of the Borrowers to incur indebtedness, grant liens, make investments, engage in acquisitions, mergers or consolidations, and pay dividends and other restricted payments. The BofA Loan Agreement also requires that the Borrowers maintain the FCCR set forth in the BofA Loan Agreement, calculated as of the last day of each month for the trailing <span id="fs_IJHONPWR7K00000000000000000000fs">twelve</span> month period then ended.  </span></span></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 1.2; font-size: 7pt;"><span style="font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'times new roman', times;">The BofA Loan Agreement stated that it will terminate on the earlier of: (i) September 30, 2020, with an option to extend such date to September 30, 2023 upon certain conditions, (ii) the date on which the Borrowers terminate the Revolving Loan pursuant to the BofA Loan Agreement, or (iii) the date on which BofA terminates the Revolving Loan as a result of an Event of Default (as amended, the “Commitment Termination Date”). The Company has the right to terminate the BofA Loan Agreement at any time with 30 <span style="font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">days </span>prior written notice. Any notice of termination by the Borrowers will be irrevocable and the Borrowers will make full payment of all obligations on the Commitment Termination Date. T<span style="color: #000000; line-height: inherit;">he borrowings under the revolving credit agreement are classified as short-term obligations under GAAP as the agreement with </span>BofA<span style="color: #000000; line-height: inherit;"> contains a subjective acceleration clause and requires the Company to maintain a lockbox arrangement with the lender.</span></span></span></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 1.2; font-size: 8pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="color: #000000; line-height: inherit;"><br/></span></span></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 1.2; font-size: 10pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; line-height: inherit;"><span style="color: #000000; line-height: inherit;"> <span style="font-size: 10pt; font-family: 'Times New Roman', serif; line-height: inherit;">On March 1, 2019, the Company entered into Amendment No. <span id="fs_9IJGE55I6800000000000000000000fs">1</span> to the Loan and Security Agreement and Consent <span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(the<span> </span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">“</span>BofA<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>First Amendment</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">”</span><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">) </span>with BofA, which amended certain terms of the BofA Loan Agreement between the Company and BofA. The BofA First Amendment memorialized BofA’s consent to (i) the Company making a <span id="fs_XPT8ECOLV400000000000000000000fs">one</span>-time prepayment of principal in an aggregate amount not to exceed $500.0 thousand to K&amp;R, LLC and (ii) the Company amending certain terms of related party notes to K&amp;R, LLC and <span id="fs_HC0UQWJTHC00000000000000000000fs">7100</span> Grade Lane, LLC (<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">“</span>Kletter Notes<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">”</span>).  See <span id="fs_VPSU5XMFF400000000000000000000FM">Note 6 – Related Party Transactions</span>. In addition, the BofA First Amendment amended the BofA Loan Agreement’s Commitment Termination Date to be September 30, 2022 and released certain reserves previously required by BofA under the BofA Loan Agreement, among other things.</span> </span></span><br/></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 1.2; font-size: 8pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="color: #000000; line-height: inherit;"><br/></span></span></p> </div> <p style="margin: 0in 0in 0pt; text-align: justify; line-height: 1.2; font-family: 'Times New Roman', serif; font-size: 12pt;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-size: 10pt; font-family: 'Times New Roman', serif; line-height: inherit;">The BofA Loan Agreement had availability of $2.3 million as of <span id="fs_0O9LOOCAO000000000000000000000FM">June 30, 2019</span>.</span></span></p> <p style="font-size: 10pt; margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <div style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;">During the second quarter of 2019, the Borrowers were out of compliance with their financial covenant related to the FCCR in the BofA Loan Agreement. <span style="color: #212121;">On August 14, 2019 (the “Amendment No. 2 Effective Date”), the Borrowers, the Guarantors (as defined in the BofA Loan Agreement) signatory thereto and BofA entered into the Waiver and Amendment No. 2 to Loan and Security Agreement (the “BofA Second Amendment”) which waived the </span>Borrower’s breach of the FCCR covenant through July 31, 2019 and amended certain provisions of the Loan Agreement.</span></div> <div style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><br/></span></div> <div style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;">The BofA Second Amendment added the following financial covenants of the Borrowers which apply during the period of time beginning on the Amendment No. 2 Effective Date and ending on the date that is the five months from the Amendment No. 2 Effective Date provided that no Event of Default, as defined in the BofA Loan Agreement, has occurred, and if an Event of Default has occurred, then ending on the date on which the Event of Default is waived by BofA (the "FCCR Conversion Date"): </span></div> <div style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt;"><br/></span></div> <div style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"> <div style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span><span style="text-decoration: underline;">Minimum EBITDA</span>. T</span><span>he Borrowers shall maintain a consolidated EBITDA </span><span>of not less than the following amounts opposite the respective periods set forth below:</span></span></div> <div style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; line-height: 16px; margin: 0pt;"><br/></div> <div style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: left;"> <table border="0" cellpadding="0" style="height: 94px; width: 100%; margin-left: 0px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; margin-right: 0px; text-indent: 0px;" width="100%"> <thead> <tr style="break-inside: avoid; height: 10px;"> <td style="padding: 0in 0pt; height: 10px; border-bottom: 1pt solid #000000;" valign="bottom"> <p style="text-indent: 0px; margin: 0in 0px 0pt; font-size: 11pt; text-align: left;"><span style="font-size: 10pt;"><b><span><span style="font-weight: bold; text-decoration: none;"><span style="text-decoration: underline;"><span>Period</span></span></span></span></b></span></p> </td> <td style="padding: 0in 5.4pt; height: 10px; border-bottom: 1pt solid #000000;" valign="bottom"> <p style="text-align: center; text-indent: 0in; margin: 0in 0in 0pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-decoration: underline;"><span style="font-size: 10pt;"><b><span><span style="font-weight: bold; text-decoration: none;">Minimum EBITDA</span></span></b></span></p> </td> </tr> </thead> <tbody> <tr style="break-inside: avoid; height: 18px; background-color: #cceeff;"> <td style="text-align: left; height: 18px; vertical-align: bottom; width: 80%; background-color: #cceeff;" valign="bottom"> <p style="text-align: left;"><span style="font-size: 10pt;">One month ending August 31, 2019</span></p> </td> <td style="height: 18px; vertical-align: bottom; width: 20%; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="text-align: center;"><span style="font-size: 10pt;">($100,000)</span></p> </td> </tr> <tr style="break-inside: avoid; height: 18px;"> <td style="text-align: left; height: 18px; vertical-align: bottom;" valign="bottom"> <p style="text-align: left;"><span style="font-size: 10pt;">Two months ending September 30, 2019</span></p> </td> <td style="height: 18px; vertical-align: bottom; text-align: right;" valign="bottom"> <p style="text-align: center;"><span style="font-size: 10pt;">$0</span></p> </td> </tr> <tr style="break-inside: avoid; height: 13px; background-color: #cceeff;"> <td style="text-align: left; height: 13px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"> <p style="text-align: left;"><span style="font-size: 10pt;">Three months ending October 31, 2019</span></p> </td> <td style="height: 13px; vertical-align: bottom; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="text-align: center;"><span style="font-size: 10pt;">$377,000</span></p> </td> </tr> <tr style="break-inside: avoid; height: 18px;"> <td style="text-align: left; height: 18px; vertical-align: bottom;" valign="bottom"> <p style="text-align: left;"><span style="font-size: 10pt;">Four months ending November 30, 2019</span></p> </td> <td style="height: 18px; vertical-align: bottom; text-align: right;" valign="bottom"> <p style="text-align: center;"><span style="font-size: 10pt;">$617,000</span></p> </td> </tr> <tr style="break-inside: avoid; height: 17px; background-color: #cceeff;"> <td style="text-align: left; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"> <p style="text-align: left;"><span style="font-size: 10pt;">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</span></p> </td> <td style="height: 17px; vertical-align: bottom; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="text-align: center;"><span style="font-size: 10pt;">$782,000</span></p> </td> </tr> </tbody> </table> </div> </div> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><br/></p> <div style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: left;"> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span><span style="color: #000000;"><span class="selected" style="font-size: 10.0pt; line-height: 120%; mso-fareast-font-family: 'MS Mincho';"><span style="text-decoration: underline;">Capital Expenditures</span>.<span style="mso-spacerun: yes;">  </span>At any time before the FCCR Conversion Date, the Borrowers shall not make Capital Expenditures (as defined in the BofA Loan Agreement) in excess of <span>$200.0 thousand</span> in the aggregate.</span><span style="font-size: 10.0pt; line-height: 120%; mso-fareast-font-family: 'MS Mincho';"/></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span><span style="font-size: 10pt; line-height: 120%; color: #000000;"> </span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span><span style="color: #000000;"><span style="font-size: 10.0pt; line-height: 120%; mso-fareast-font-family: 'MS Mincho';">The BofA Second Amendment also amended the FCCR covenant of the Borrowers to apply only after the FCCR Conversion Date as follows:</span></span><span style="font-size: 10.0pt; line-height: 120%; mso-fareast-font-family: 'MS Mincho';"/></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; text-align: justify;"><span style="font-size: 10pt;"><span><span style="text-decoration: underline;">Fixed Charge Coverage Ratio</span>. At all times after the FCCR Conversion Date, the Borrowers must maintain a FCCR of at least 1.0:1.0,<span> </span></span><span style="font-family: 'times new roman', times;">determined as of the last day of each month, commencing  on the last day of the first month after the FCCR Conversion Date, initially for the six month period then ending and thereafter building, by month, to a trailing twelve month basis.</span></span></p> </div> <p style="font-size: 10pt; margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">  </span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="text-decoration: underline; line-height: inherit;"><em><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Other Debt:</span></span></em></span></p> <p style="font-size: 10pt; margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Amounts owed to K&amp;R, LLC and <span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_JF4HA7IBOW00000000000000000000fs">7100</span></span> Grade Lane LLC are more fully <span style="line-height: inherit;">described in </span></span><span id="fs_V3PT04BDGG00000000000000000000">Note 6 – Related Party Transactions</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">.</span></span></span></p> <p style="font-size: 10pt; margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">In June 2018, the Company executed a note for $68.9 thousand to purchase equipment to be used in the operation of the Company's business. The note is for a <span style="line-height: inherit;">period of <span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">five years</span></span> </span>at an interest rate of 6.0% with a monthly payment of $1.3 thousand.</span></span></span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">In March 2019, the Company executed a note for $88.0 thousand to purchase equipment to be used in the operation of the Company's business. The note is for a period of five years at an interest rate of 3.89% with a monthly payment of $1.6 thousand.</span></span></span></p> <p style="font-size: 10pt; margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Debt as of</span><span style="font-size: 10pt; line-height: inherit;"> </span><span id="fs_MECQANC3O000000000000000000000">June 30, 2019</span><span style="font-size: 10pt; line-height: inherit;"> and</span><span style="font-size: 10pt; line-height: inherit;"> </span><span id="fs_SOZTP8HIKW00000000000000000000">December 31, 2018</span><span style="font-size: 10pt; line-height: inherit;"> consisted of the following:</span></span></p> <div id="t_ft_Q64KOVYARK00000000000000000000"> <table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 218px;" width="100%"> <tbody> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 13.4815%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span id="fs_2V0Q3KN5Z400000000000000000000">June 30</span>,</span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="3" style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 13.4881%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"><span id="fs_YNQ2D8JNOW00000000000000000000">December 31</span>,</span></span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 16px; width: 13.4815%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_D4EGTW28SG00000000000000000000">2019</span></span> </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 13.4881%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_D30GURF4VK00000000000000000000">2018</span></span> </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: middle; height: 16px; width: 13.4815%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (unaudited) </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 13.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="7" style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 28.3029%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (in thousands) </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; width: 71.8519%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Revolving credit facility with Bank of America, see above description for additional details </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,236</span></p> </td> <td style="vertical-align: bottom; width: 1.48148%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; width: 1.33333%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> $ </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,646 </span></p> </td> <td style="border-top: 0.75pt solid #000000; vertical-align: bottom; width: 1.4881%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;">Bank of America term loan</td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; width: 12%;">2,321</td> <td style="vertical-align: bottom; height: 16px; width: 1.48148%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"><br/></td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; width: 12%;">2,500</td> <td style="vertical-align: bottom; height: 16px; width: 1.4881%;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 71.8519%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> K&amp;R, LLC related party notes (See <span style="border-right: none; border-left: none; line-height: inherit;">Note <span id="fs_016EAHN4A800000000000000000000">6</span> - Related Party Transactions</span>) </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">120</span></p> </td> <td style="vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 652 </span></p> </td> <td style="vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span id="fs_76HMUUFBRK00000000000000000000">7100</span> Grade Lane LLC related party note (See <span style="border-right: none; border-left: none; line-height: inherit;">Note <span id="fs_73J3IO03O000000000000000000000">6</span> - Related Party Transactions</span>) </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">884</span></p> </td> <td style="vertical-align: bottom; height: 16px; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 884 </span></p> </td> <td style="vertical-align: bottom; height: 16px; width: 1.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; width: 71.8519%; height: 16px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment notes, see above description for additional details </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 16px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"> </span>141</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1.48148%; height: 16px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1.33333%; height: 16px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 16px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 63</span></p> </td> <td style="vertical-align: bottom; width: 1.4881%; height: 16px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">    Total debt </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,702</span></p> </td> <td style="vertical-align: bottom; height: 16px; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,745 </span></p> </td> <td style="border-top: 0.75pt solid #000000; vertical-align: bottom; height: 16px; width: 1.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 71.8519%;">Debt issuance costs</td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; background-color: #cceeff; width: 12%;">(158</td> <td style="border-bottom: 0.75pt solid #000000; height: 16px; background-color: #cceeff; width: 1.48148%; vertical-align: middle;" valign="middle">)</td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.33333%;"><br/></td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; background-color: #cceeff; width: 12%;">(175</td> <td style="border-bottom: 0.75pt solid #000000; height: 16px; background-color: #cceeff; width: 1.4881%; vertical-align: middle;" valign="middle">)</td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;">   Total debt and debt issuance costs</td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; width: 12%;">8,544</td> <td style="vertical-align: bottom; height: 16px; width: 1.48148%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"><br/></td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; width: 12%;">7,570</td> <td style="vertical-align: bottom; height: 16px; width: 1.4881%;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 71.8519%;">Less current portion of long-term debt and debt issuance costs</td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; background-color: #cceeff; width: 12%;">5,574</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.48148%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.33333%;"><br/></td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; background-color: #cceeff; width: 12%;">3,941</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.4881%;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;">   Total long-term debt and debt issuance costs</td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,970</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; height: 16px; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,629 </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; height: 16px; width: 1.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">    </span></p> </td> </tr> </tbody> </table> </div> <p style="font-size: 10pt; margin: 0pt; text-align: justify; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The annual contractual maturities of long-term debt for the next <span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_UOW0G6LCTC00000000000000000000">five twelve</span></span>-month periods and thereafter ending <span id="fs_WOMSOPA0O000000000000000000000">June 30</span> are as follows:</span></p> <div id="t_ft_J6MF58LWZK00000000000000000000"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 95px;" width="100%"> <tbody> <tr style="height: 16px;"> <td style="vertical-align: middle; width: 86%; height: 16px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="vertical-align: middle; width: 1%; height: 16px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="3" style="vertical-align: middle; width: 13%; height: 16px;"> <p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt;"><strong>(in thousands)</strong></span><br/></p> </td> </tr> <tr style="height: 13px;"> <td style="background-color: #cceeff; padding: 1.5pt; vertical-align: bottom; width: 86%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span id="fs_YHH7LTJ78W00000000000000000000">2020</span></span></p> </td> <td style="background-color: #cceeff; padding: 1.5pt; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="background-color: #cceeff; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> $ </span></p> </td> <td style="background-color: #cceeff; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; height: 13px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 386 </span></p> </td> <td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 13px;"> <td style="padding: 1.5pt; vertical-align: bottom; width: 86%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span id="fs_OVN7DFJ5V400000000000000000000">2021</span></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 13px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">388</span></p> </td> <td style="vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 13px;"> <td style="background-color: #cceeff; padding: 1.5pt; vertical-align: bottom; width: 86%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span id="fs_ZUKVNEZ6XS00000000000000000000">2022</span></span></p> </td> <td style="background-color: #cceeff; padding: 1.5pt; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="background-color: #cceeff; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 13px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 389 </span></p> </td> <td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 13px;"> <td style="padding: 1.5pt; vertical-align: bottom; width: 86%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span id="fs_NXXQB8PGKG00000000000000000000">2023</span></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 13px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,524</span></p> </td> <td style="vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 13px;"> <td style="background-color: #cceeff; padding: 1.5pt; vertical-align: bottom; width: 86%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span id="fs_F601R6CP3400000000000000000000">2024</span></span></p> </td> <td style="background-color: #cceeff; padding: 1.5pt; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="background-color: #cceeff; border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 13px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15 </span></p> </td> <td style="background-color: #cceeff; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 14px;"> <td style="padding: 1.5pt; vertical-align: bottom; width: 86%; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1%; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; height: 14px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,702</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">    </span></p> </td> </tr> </tbody> </table> </div> <p style="font-size: 10pt; margin: 0pt; text-align: justify; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> </span></p> <p style="margin: 0pt; text-align: justify; line-height: 1.1;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The Company paid and capitalized loan fees in the amount of <span style="line-height: inherit;">$22.2 thousand</span> during the <span id="fs_7RODBLHPBK00000000000000000000">six</span> month period ended <span id="fs_5F3C7CRA6800000000000000000000">June 30, 2019</span>. </span></p> 129000.0 500000.0 6000000.0 0.85 2500000 0.75 500000 0.40 P60M 0.0525 0.0250 0.0300 0.00275 0.0100 0.0050 350000.0 1.0 3000000.0 6000000.0 8000000.0 8000000.0 0.85 2500000 0.75 400000 0.40 1750000 0.45 350000.0 1.1 350000.0 20000.0 1750000 8000000.0 10000000.0 15000.0 106800 10000000.0 1000000.0 2500000 LIBOR 0.0225 0.0275 LIBOR 0.0275 0.0325 0.020 0 89300 50000 10000 P30D 500000.0 2300000 <div style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span><span style="text-decoration: underline;">Minimum EBITDA</span>. T</span><span>he Borrowers shall maintain a consolidated EBITDA </span><span>of not less than the following amounts opposite the respective periods set forth below:</span></span></div> <div style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; line-height: 16px; margin: 0pt;"><br/></div> <div style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: left;"> <table border="0" cellpadding="0" style="height: 94px; width: 100%; margin-left: 0px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; margin-right: 0px; text-indent: 0px;" width="100%"> <thead> <tr style="break-inside: avoid; height: 10px;"> <td style="padding: 0in 0pt; height: 10px; border-bottom: 1pt solid #000000;" valign="bottom"> <p style="text-indent: 0px; margin: 0in 0px 0pt; font-size: 11pt; text-align: left;"><span style="font-size: 10pt;"><b><span><span style="font-weight: bold; text-decoration: none;"><span style="text-decoration: underline;"><span>Period</span></span></span></span></b></span></p> </td> <td style="padding: 0in 5.4pt; height: 10px; border-bottom: 1pt solid #000000;" valign="bottom"> <p style="text-align: center; text-indent: 0in; margin: 0in 0in 0pt; font-size: 11pt; font-family: 'Times New Roman', serif; text-decoration: underline;"><span style="font-size: 10pt;"><b><span><span style="font-weight: bold; text-decoration: none;">Minimum EBITDA</span></span></b></span></p> </td> </tr> </thead> <tbody> <tr style="break-inside: avoid; height: 18px; background-color: #cceeff;"> <td style="text-align: left; height: 18px; vertical-align: bottom; width: 80%; background-color: #cceeff;" valign="bottom"> <p style="text-align: left;"><span style="font-size: 10pt;">One month ending August 31, 2019</span></p> </td> <td style="height: 18px; vertical-align: bottom; width: 20%; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="text-align: center;"><span style="font-size: 10pt;">($100,000)</span></p> </td> </tr> <tr style="break-inside: avoid; height: 18px;"> <td style="text-align: left; height: 18px; vertical-align: bottom;" valign="bottom"> <p style="text-align: left;"><span style="font-size: 10pt;">Two months ending September 30, 2019</span></p> </td> <td style="height: 18px; vertical-align: bottom; text-align: right;" valign="bottom"> <p style="text-align: center;"><span style="font-size: 10pt;">$0</span></p> </td> </tr> <tr style="break-inside: avoid; height: 13px; background-color: #cceeff;"> <td style="text-align: left; height: 13px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"> <p style="text-align: left;"><span style="font-size: 10pt;">Three months ending October 31, 2019</span></p> </td> <td style="height: 13px; vertical-align: bottom; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="text-align: center;"><span style="font-size: 10pt;">$377,000</span></p> </td> </tr> <tr style="break-inside: avoid; height: 18px;"> <td style="text-align: left; height: 18px; vertical-align: bottom;" valign="bottom"> <p style="text-align: left;"><span style="font-size: 10pt;">Four months ending November 30, 2019</span></p> </td> <td style="height: 18px; vertical-align: bottom; text-align: right;" valign="bottom"> <p style="text-align: center;"><span style="font-size: 10pt;">$617,000</span></p> </td> </tr> <tr style="break-inside: avoid; height: 17px; background-color: #cceeff;"> <td style="text-align: left; height: 17px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"> <p style="text-align: left;"><span style="font-size: 10pt;">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</span></p> </td> <td style="height: 17px; vertical-align: bottom; background-color: #cceeff; text-align: right;" valign="bottom"> <p style="text-align: center;"><span style="font-size: 10pt;">$782,000</span></p> </td> </tr> </tbody> </table> </div> -100000 0 377000 617000 782000 200000.0 68900 P5Y 0.060 1300 88000.0 P5Y 0.0389 1600 <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">Debt as of</span><span style="font-size: 10pt; line-height: inherit;"> </span><span id="fs_MECQANC3O000000000000000000000">June 30, 2019</span><span style="font-size: 10pt; line-height: inherit;"> and</span><span style="font-size: 10pt; line-height: inherit;"> </span><span id="fs_SOZTP8HIKW00000000000000000000">December 31, 2018</span><span style="font-size: 10pt; line-height: inherit;"> consisted of the following:</span></span></p> <div id="t_ft_Q64KOVYARK00000000000000000000"> <table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 218px;" width="100%"> <tbody> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 13.4815%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"><span id="fs_2V0Q3KN5Z400000000000000000000">June 30</span>,</span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="3" style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 13.4881%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="font-size: 10pt; font-weight: bold; line-height: inherit;"><span id="fs_YNQ2D8JNOW00000000000000000000">December 31</span>,</span></span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 16px; width: 13.4815%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_D4EGTW28SG00000000000000000000">2019</span></span> </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 13.4881%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_D30GURF4VK00000000000000000000">2018</span></span> </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: middle; height: 16px; width: 13.4815%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (unaudited) </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 13.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="7" style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 28.3029%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; line-height: inherit;"> (in thousands) </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; width: 71.8519%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Revolving credit facility with Bank of America, see above description for additional details </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">5,236</span></p> </td> <td style="vertical-align: bottom; width: 1.48148%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; width: 1.33333%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> $ </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,646 </span></p> </td> <td style="border-top: 0.75pt solid #000000; vertical-align: bottom; width: 1.4881%; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;">Bank of America term loan</td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; width: 12%;">2,321</td> <td style="vertical-align: bottom; height: 16px; width: 1.48148%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"><br/></td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; width: 12%;">2,500</td> <td style="vertical-align: bottom; height: 16px; width: 1.4881%;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 71.8519%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> K&amp;R, LLC related party notes (See <span style="border-right: none; border-left: none; line-height: inherit;">Note <span id="fs_016EAHN4A800000000000000000000">6</span> - Related Party Transactions</span>) </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">120</span></p> </td> <td style="vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 652 </span></p> </td> <td style="vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span id="fs_76HMUUFBRK00000000000000000000">7100</span> Grade Lane LLC related party note (See <span style="border-right: none; border-left: none; line-height: inherit;">Note <span id="fs_73J3IO03O000000000000000000000">6</span> - Related Party Transactions</span>) </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">884</span></p> </td> <td style="vertical-align: bottom; height: 16px; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 884 </span></p> </td> <td style="vertical-align: bottom; height: 16px; width: 1.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; width: 71.8519%; height: 16px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Equipment notes, see above description for additional details </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 16px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="line-height: inherit;"> </span>141</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1.48148%; height: 16px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1.33333%; height: 16px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 16px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 63</span></p> </td> <td style="vertical-align: bottom; width: 1.4881%; height: 16px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">    Total debt </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,702</span></p> </td> <td style="vertical-align: bottom; height: 16px; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 7,745 </span></p> </td> <td style="border-top: 0.75pt solid #000000; vertical-align: bottom; height: 16px; width: 1.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 71.8519%;">Debt issuance costs</td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; background-color: #cceeff; width: 12%;">(158</td> <td style="border-bottom: 0.75pt solid #000000; height: 16px; background-color: #cceeff; width: 1.48148%; vertical-align: middle;" valign="middle">)</td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.33333%;"><br/></td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; background-color: #cceeff; width: 12%;">(175</td> <td style="border-bottom: 0.75pt solid #000000; height: 16px; background-color: #cceeff; width: 1.4881%; vertical-align: middle;" valign="middle">)</td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;">   Total debt and debt issuance costs</td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; width: 12%;">8,544</td> <td style="vertical-align: bottom; height: 16px; width: 1.48148%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"><br/></td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; width: 12%;">7,570</td> <td style="vertical-align: bottom; height: 16px; width: 1.4881%;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 71.8519%;">Less current portion of long-term debt and debt issuance costs</td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; background-color: #cceeff; width: 12%;">5,574</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.48148%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.33333%;"><br/></td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; background-color: #cceeff; width: 12%;">3,941</td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 1.4881%;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 71.8519%;">   Total long-term debt and debt issuance costs</td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">2,970</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; height: 16px; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 3,629 </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; height: 16px; width: 1.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">    </span></p> </td> </tr> </tbody> </table> </div> 5236000 3646000 2321000 2500000 120000 652000 884000 884000 141000 63000 8702000 7745000 158000 175000 8544000 7570000 5574000 3941000 2970000 3629000 <p style="font-size: 10pt; line-height: 1.3; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">The annual contractual maturities of long-term debt for the next <span style="border-left: none; border-right: none; line-height: inherit;"><span id="fs_UOW0G6LCTC00000000000000000000">five twelve</span></span>-month periods and thereafter ending <span id="fs_WOMSOPA0O000000000000000000000">June 30</span> are as follows:</span></p> <div id="t_ft_J6MF58LWZK00000000000000000000"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 95px;" width="100%"> <tbody> <tr style="height: 16px;"> <td style="vertical-align: middle; width: 86%; height: 16px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="vertical-align: middle; width: 1%; height: 16px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="3" style="vertical-align: middle; width: 13%; height: 16px;"> <p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt;"><strong>(in thousands)</strong></span><br/></p> </td> </tr> <tr style="height: 13px;"> <td style="background-color: #cceeff; padding: 1.5pt; vertical-align: bottom; width: 86%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span id="fs_YHH7LTJ78W00000000000000000000">2020</span></span></p> </td> <td style="background-color: #cceeff; padding: 1.5pt; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="background-color: #cceeff; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> $ </span></p> </td> <td style="background-color: #cceeff; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; height: 13px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 386 </span></p> </td> <td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 13px;"> <td style="padding: 1.5pt; vertical-align: bottom; width: 86%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span id="fs_OVN7DFJ5V400000000000000000000">2021</span></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 13px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">388</span></p> </td> <td style="vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 13px;"> <td style="background-color: #cceeff; padding: 1.5pt; vertical-align: bottom; width: 86%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span id="fs_ZUKVNEZ6XS00000000000000000000">2022</span></span></p> </td> <td style="background-color: #cceeff; padding: 1.5pt; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="background-color: #cceeff; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 13px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 389 </span></p> </td> <td style="background-color: #cceeff; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 13px;"> <td style="padding: 1.5pt; vertical-align: bottom; width: 86%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span id="fs_NXXQB8PGKG00000000000000000000">2023</span></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 13px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">7,524</span></p> </td> <td style="vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 13px;"> <td style="background-color: #cceeff; padding: 1.5pt; vertical-align: bottom; width: 86%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> <span id="fs_F601R6CP3400000000000000000000">2024</span></span></p> </td> <td style="background-color: #cceeff; padding: 1.5pt; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td colspan="2" style="background-color: #cceeff; border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 13px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> 15 </span></p> </td> <td style="background-color: #cceeff; border-bottom: 0.75pt solid #000000; vertical-align: bottom; width: 1%; height: 13px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> </tr> <tr style="height: 14px;"> <td style="padding: 1.5pt; vertical-align: bottom; width: 86%; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> Total </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1%; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; height: 14px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">8,702</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; width: 1%; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">    </span></p> </td> </tr> </tbody> </table> </div> 386000 388000 389000 7524000 15000 8702000 22200 <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: left;"><strong><span style="font-family: 'times new roman', times;"><span style="font-size: 10pt;"><span id="fs_B7ZVPRNLO000000000000000000000">NOTE 4 – LEASE COMMITMENTS</span></span></span></strong></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: left;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span><span style="font-family: Times New Roman; font-size: 10pt; text-decoration: underline;">Operating Leases</span><span style="font-family: Times New Roman; font-size: 10pt;">:</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company determines if a contract contains a lease at inception. Material operating leases consist of real estate and operating equipment leases. Generally, the lease term is the minimum of the noncancelable period of the lease term inclusive of reasonably certain renewal periods.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Operating lease assets and liabilities are recognized at the lease commencement date. Operating lease liabilities represent the present value of lease payments not yet paid. Operating lease assets represent the Company's right to use an underlying asset and are based upon the operating lease liabilities adjusted for prepayments or accrued lease payments, initial direct costs, lease incentives, and impairment of operating lease assets, if any. To determine the present value of lease payments not yet paid, the Company estimates incremental secured borrowing rates corresponding to the maturities of the leases. </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-size: 10pt; line-height: 115%; font-family: inherit, serif; color: #000000;">Operating lease assets are reflected on the Company's balance sheet within Operating lease right-of-use assets and the related short-term and long-term liabilities are included within Current and Long-term operating lease liabilities, respectively. </span></span><span style="font-family: 'Times New Roman'; font-size: 10pt;">The Company's lease expense is recognized over the lease term.</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> The Company records lease expense as lease payments are made. The Company considered the impact of straight-line treatment and noted no material difference in any given <span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;">one</span></span> year.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">The Company leased a portion of its Louisville, Kentucky facility from a related party (see Note <span id="fs_WT9E8P9ELC00000000000000000000">6</span> - Related Party Transactions) under an operating lease that was due to expire December 31, 2017 (the "<span style="border-left: none; border-right: none;"><span id="fs_C86TYRH8GW00000000000000000000">7100</span></span> Prior Lease"). </span><span style="font-family: Times New Roman; font-size: 10pt;">T</span><span style="font-family: Times New Roman; font-size: 10pt;">he lease amount was</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">$53.8 thousand per month.</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span><span><span style="font-family: Times New Roman; font-size: 10pt;">Effective October 1, 2017, the Company entered into a new lease agreement with a related party for the same property (the "<span id="fs_4JERPZP9MO00000000000000000000">7100</span> Lease") that terminates and replaces the <span id="fs_9HN9D3X9FK00000000000000000000">7100</span> Prior Lease. <span style="font-family: 'times new roman', times;"><span style="font-size: 10pt; line-height: 120%;">The lease is for a period of <span style="border-left: none; border-right: none;">seven years</span> with rent payments of $37.5 thousand per month for the first <span style="border-left: none; border-right: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;">five</span></span></span> years. For each of the following one year periods, the annual rent increases the lesser of (a) the percentage change in the CPI over the preceding twelve months, or (b) 2% of the previous year's annual rent. The Company has the option to extend the lease for two additional consecutive terms, each such extended term to be for a period of <span style="border-left: none; border-right: none;">five years</span>. In addition, the Company is responsible for real estate taxes, insurance, utilities and maintenance expense.</span></span></span></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">The Company signed a lease, effective December 1, 2014, to lease a facility in the Seymour, Indiana area. This lease was for an initial period of</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">three years, with the option to extend the lease for</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;"><span style="border-left: none; border-right: none;"><span id="fs_3OFNC6TUQO00000000000000000000">three</span></span> (<span style="border-left: none; border-right: none;">3</span>) additional</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;"><span style="border-left: none; border-right: none;"><span id="fs_CLKM06WBHC00000000000000000000">three</span></span> (<span style="border-left: none; border-right: none;">3</span>) year periods. Rent is</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">$8.0 thousand per month and increases each year by</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">$0.2 thousand per month. The Company exercised the first option to extend the lease. Because ISA exercised the option to renew the lease for a</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">second <span style="border-right: none; border-left: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">three year</span></span></span></span></span> term, at the end of the</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">second <span style="border-right: none; border-left: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">three year</span></span></span></span></span></span></span> term, ISA has the option to purchase the property.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span> </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">On April 30, 2015, the Company entered into a lease agreement with LK Property Investments LLC ("LK Property") (see Note <span id="fs_TMS0UE49XC00000000000000000000">6</span> - Related Party Transactions), for a portion of the</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">4.4 acre parcel of real estate located at <span style="border-left: none; border-right: none;"><span id="fs_4127LBO91C00000000000000000000">6709</span></span> Grade Lane, Louisville, Kentucky in the amount of</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">$3.0 thousand per month. The lease terminated on April</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;"><span style="border-left: none; border-right: none;"><span id="fs_VJIC0N5K2O00000000000000000000">14</span></span>, <span style="border-left: none; border-right: none;"><span id="fs_UNJ2LQ0BKG00000000000000000000">2019</span></span>. The Company entered into a four month extension that terminates August 15, 2019</span><span style="font-family: Times New Roman; font-size: 10pt;">. The monthly payment during the extension is $7.5 thousand per month. The Company paid $30.0 thousand at the time of extension for the aggregate rental due for the entire term of the extension.</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">The </span><span style="font-family: Times New Roman; font-size: 10pt;">Company is required to reimburse the lessor for</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">40% of the property taxes on the parcel during the term.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">On March 3, 2018, the Company entered into a lease agreement to lease a piece of equipment for $3.0 thousand per month. The lease is for a period of five years.</span><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">Future minimum lease payments for operating leases for the next <span id="fs_L4H5NH0AO000000000000000000000fs">five twelve</span>-month periods ending <span id="fs_ETWPUJ60SW00000000000000000000FM">June 30</span> of each year and thereafter, in thousands, </span><span style="font-family: Times New Roman; font-size: 10pt;">as o<span style="font-family: 'times new roman', times;">f </span></span><span style="font-family: 'times new roman', times;"><span id="fs_HDGLUH22PSWCWWWSWSGSOG4OKC80CO">June 30, 2019</span></span><span style="font-family: Times New Roman; font-size: 10pt;">, are as follows:</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_IEI1IOOCZ400000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 193px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="vertical-align: middle; height: 17px; width: 55.7037%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: center;"><strong><span style="font-family: 'Times New Roman'; font-size: 10pt;">Related Party</span></strong></p> </td> <td style="vertical-align: middle; height: 17px; width: 1.48148%;"> <p style="margin: 0pt;"><strong><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></strong></p> </td> <td colspan="2" style="vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: center;"><strong><span style="font-family: 'Times New Roman'; font-size: 10pt;">Other</span></strong></p> </td> <td style="vertical-align: middle; height: 17px; width: 1.33333%;"> <p style="margin: 0pt;"><strong><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></strong></p> </td> <td colspan="2" style="vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: center;"><strong><span style="font-family: 'Times New Roman'; font-size: 10pt;">Total</span></strong></p> </td> <td style="vertical-align: middle; height: 17px; width: 1.18519%;"> <p style="margin: 0pt;"><strong><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></strong></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; width: 55.7037%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span id="fs_PZVXFQGIB400000000000000000000">2020</span></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; width: 1%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 12%; text-align: right; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> 450 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1.48148%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; width: 1%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; width: 12%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> 103 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1.33333%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">553</span></p> </td> <td style="vertical-align: bottom; width: 1.18519%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 55.7037%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span id="fs_QWS8V5TXF400000000000000000000">2021</span></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 17px; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> 450 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 17px; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> 103 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">553</span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1.18519%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 55.7037%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> <span id="fs_4Z1ADAK6EO00000000000000000000">2022</span></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 17px; background-color: #cceeff; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff; width: 12%;"> <div style="border-left: none; border-right: none;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">450</span></p> </div> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 17px; background-color: #cceeff; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> 103 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">553</span></p> </td> <td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.18519%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 55.7037%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> <span id="fs_N2UDXFE01S00000000000000000000">2023</span></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 17px; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> 457 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 17px; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> 100 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">557</span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1.18519%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 55.7037%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span id="fs_U6CSBDIH4000000000000000000000">2024</span></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; width: 1%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; width: 12%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">466</span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1.48148%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; width: 1%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; width: 12%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 96</span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1.33333%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 13%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">562</span> </span></p> </td> <td style="vertical-align: bottom; width: 1.18519%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 55.7037%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Thereafter </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; text-align: left; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; text-align: right; height: 17px; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> <span style="border-left: none; border-right: none;">5,345</span> </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; text-align: left; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; text-align: right; height: 17px; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 232 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> <span style="border-left: none; border-right: none;">5,577</span> </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; height: 17px; width: 1.18519%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 55.7037%;"> <p style="margin: 0pt; text-align: left;"><span style="font-family: Times New Roman; font-size: 10pt;"> Total future operating lease payments </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 10px; background-color: #cceeff; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 10px; background-color: #cceeff; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">7,618</span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 10px; background-color: #cceeff; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 10px; background-color: #cceeff; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">  737</span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">8,355</span></p> </td> <td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.18519%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">  </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 55.7037%;">Less: imputed interest</td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 16px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 16px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">2,737</td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.48148%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 16px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 16px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">141</td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; text-align: right; height: 16px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">2,878</td> <td style="vertical-align: bottom; height: 16px; width: 1.18519%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 55.7037%;">Present value of lease liabilities</td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; background-color: #cceeff; height: 16px; width: 1%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; background-color: #cceeff; height: 16px; width: 12%;">4,881</td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.48148%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; background-color: #cceeff; height: 16px; width: 1%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; background-color: #cceeff; height: 16px; width: 12%;">596</td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.33333%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; text-align: right; height: 16px; width: 12%;">5,477</td> <td style="vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.18519%;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 55.7037%;">Less: current portion of operating lease liabilities</td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 16px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 16px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">161</td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.48148%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 16px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 16px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">69</td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">230</td> <td style="vertical-align: bottom; height: 16px; width: 1.18519%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 55.7037%;">Long-term operating lease liabilities</td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; border-bottom: 1.5pt solid #000000; background-color: #cceeff; height: 16px; width: 1%;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="padding: 1.5pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #cceeff; height: 16px; width: 12%;">4,720</td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.48148%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; border-bottom: 1.5pt solid #000000; background-color: #cceeff; height: 16px; width: 1%;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; border-bottom: 1.5pt solid #000000; background-color: #cceeff; height: 16px; width: 12%;">527</td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.33333%;"><br/></td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1%;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; text-align: right; width: 12%;">5,247</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.18519%;"><br/></td> </tr> </tbody> </table> </div> </div> </div> <p style="font-size: 8pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <div> <div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Other information related to operating leases is as follows: </span></span></p> <p style="font-size: 7pt; line-height: 120%; margin: 0pt; text-align: justify;"><span> </span></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_ZNTQT5795S00000000000000000000b"> <table border="0" cellpadding="0" style="height: 58px; border-collapse: collapse; padding: 2px; font-size: 10pt; font-family: 'times new roman'; width: 99.8612%; margin-left: 0.1px;" width="100%"> <tbody> <tr style="/* background-image: linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%) !important; */background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 16px;"> <td style="height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><br/></td> <td style="height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><br/></td> <td colspan="3" style="border-image: initial; text-align: center; height: 16px; border-bottom: 1pt solid #000000; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"> <p style="margin: 0px; text-align: center;"><span><span><strong><span id="fs_L7BZ8Q6JSG00000000000000000000FM">June 30</span>,</strong></span></span></p> </td> </tr> <tr style="height: 10px; /* background-image: linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%) !important; */background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"> <td style="height: 10px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><br/></td> <td style="height: 10px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><br/></td> <td colspan="2" style="border-image: initial; text-align: center; height: 10px; border-bottom: 1pt solid #000000; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><strong><span><span id="fs_HNZ7JBUMU800000000000000000000fs">2019</span></span></strong></td> <td style="border-image: initial; text-align: center; border-bottom: 1pt solid #000000; height: 10px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><br/></td> </tr> <tr style="background-color: #cceeff; /* background-image: linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%) !important; */background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 16px;"> <td style="background-color: #cceeff; height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; width: 87%;"><span>Weighted average remaining lease term (years) *</span></td> <td style="background-color: #cceeff; height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; width: 1%;"><br/></td> <td style="background-color: #cceeff; text-align: left; height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; width: 1%;"><br/></td> <td style="background-color: #cceeff; height: 16px; text-align: right; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; width: 10%;"><span>14.3</span></td> <td style="background-color: #cceeff; text-align: center; height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; width: 1%;"><br/></td> </tr> <tr style="/* background-image: linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%) !important; */background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 16px;"> <td style="height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><span>Weighted average discount rate</span></td> <td style="height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><br/></td> <td style="height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><br/></td> <td style="height: 16px; text-align: right; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><span>6.0</span></td> <td style="text-align: center; height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;">%</td> </tr> </tbody> </table> </div> </div> </div> </div> <p style="font-size: 7pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;">*The Company has included lease renewal options that are reasonably certain of exercise in the calculation of the weighted average remaining lease term.</p> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Total lease expense for the three months ended <span id="fs_2ODSCT89A800000000000000000000FM">June 30, 2019</span> and June 30, 2018 was $220.8 thousand and $157.4 thousand, respectively. <span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Total lease expense for the six months ended </span>June 30, 2019<span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> and June 30, 2018 was $</span>394.5<span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> thousand and $311.0 thousand, respectively.</span></span></p> <p style="font-size: 7pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;"><span style="text-decoration: underline;">Finance Leases</span>: </span></p> <p style="font-size: 8pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;"> <span style="font-size: 10pt; line-height: 115%; font-family: inherit, serif; color: #000000;">The Company's finance leases are included within Net property and equipment with the related liabilities included within Current and Long-term liabilities.</span></span></p> <p style="font-size: 7pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;"><br/></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">On May 1, 2016, the Company entered into an amended agreement to lease <span id="fs_36CV1TPT2O00000000000000000000">three</span> cranes (the "Crane Lease"). The Crane Lease expires April 30, 2021. Payments are $14.5<span> </span>thousand per month for the first<span> </span><span style="border-left: none; border-right: none;"><span id="fs_HVDV4V6Z7400000000000000000000">twelve</span></span><span> </span>months following the amendment date, followed by monthly payments of $31.3<span> </span>thousand thereafter for the remainder of the lease term. There is no bargain purchase option associated with the Crane Lease. Based on the new lease terms, the Company classified the Crane Lease as a finance lease. At inception, the Company recorded a finance lease obligation <span>of $</span>1.3<span> million. The Company used a weighted average cost of capital of 9.3% to calculate the finance lease obligation.</span></span></p> <p style="font-size: 7pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span>The</span><span> </span>Company entered into a finance lease, effective June 2017, to lease<span> </span>two<span> </span>pieces of equipment for use in the Company's operations. The lease is for a period of<span> </span><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-left: none; border-right: none;"><span>six years</span></span></span></span><span> </span>and the payments are $1.4 thousand per month. The Company has the option to purchase the equipment for a purchase price of $1.00<span> </span>per item of equipment upon the expiration of the lease. <span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">At inception, the Company recorded a finance lease obligation of $75.2 thousand. The Company used a weighted average cost of capital of 10.0% to calculate the finance lease obligation.</span></span><br/></p> <p style="font-size: 7pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company entered into a finance lease, effective May 2018, to lease a piece of equipment for use in the Company's operations. The lease is for a period of <span>four years </span>and the payments are <span>$0.6 thousand</span> per month with an interest rate of 5.8% per year. <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">At inception, the Company recorded a finance lease obligation of $24.7 thousand.</span></span></p> <p style="font-size: 7pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The Company entered into a finance lease, effective June 2018, to lease a piece of equipment for use in the Company's operations. The lease is for a period <span>of four years and the payments are $0.7 thousand</span> per month<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>with an interest rate of 5.8% per year. </span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">At inception, the Company recorded a finance lease obligation of $29.0 thousand. </span></span></p> <p style="font-size: 7pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The Company entered into a finance lease, effective July 2018, to lease two pieces of equipment for use in the Company's operations. The lease is for a period of <span style="-sec-ix-hidden:Tag842">6 years and 4 months</span> and the payments are $1.4 thousand per month. The Company has the option to purchase the equipment for a purchase price of $1.00 per item of equipment upon the expiration of the lease. At inception, the Company recorded a finance lease obligation of $79.9 thousand. The Company used a weighted average cost of capital of 10.0% to calculate the finance lease obligation.</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><br/></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The Company entered into a finance lease, effective May 2019, to lease a piece of equipment for use in the Company's operations. The lease is for a period of six years and the payments are $4.8 thousand per month with an interest rate of 5.0% per year. The Company has the option to purchase the equipment for a purchase price of $<span>1.00</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </span>per item of equipment upon the expiration of the lease. At inception, the Company recorded a finance lease obligation of $299.2 thousand.</span></span></p> <p style="font-size: 7pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span>Depreciation and interest expense for finance leases, in thousands, are as follows:</span></span></span></p> <p style="font-size: 8pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 8pt; font-family: 'times new roman', times;"> </span></p> <div style="border-left: none; border-right: none;"> <div id="t_ft_OFKXEAVHMO00000000000000000000b"> <table border="0" cellpadding="0" style="height: 61px; font-size: 10pt; font-family: 'times new roman'; width: 100.007%; border-collapse: collapse; margin-left: 0.1px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="height: 10px; width: 46.9659%;"><br/></td> <td style="height: 10px; width: 1.08063%;"><br/></td> <td colspan="5" style="border-bottom: 1pt solid #000000; height: 10px; padding: 0px; width: 25.9762%;"> <p style="text-align: center;"><strong>For the <span id="fs_VGKN6U8OTS00000000000000000000FM">three</span> months ended</strong><br/><strong><span id="fs_S6KNR2GT3K00000000000000000000FM">June 30</span>,</strong></p> </td> <td style="height: 10px; width: 0.997506%;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> </span></td> <td colspan="5" style="text-align: center; border-bottom: 1pt solid #000000; height: 10px; padding: 0px; width: 25.9762%;"> <p style="text-align: center;"><strong>For the <span id="fs_Z2AWWA7G9S00000000000000000000FM">six</span> months ended</strong><br/><strong><span id="fs_GOTV3C7BUO00000000000000000000FM">June 30</span>,</strong></p> </td> <td style="height: 10px; width: 0.997506%;"/> </tr> <tr style="height: 17px;"> <td style="height: 17px; width: 46.9659%;"><br/></td> <td style="height: 17px; width: 1.08063%;"><br/></td> <td colspan="2" style="height: 17px; text-align: center; border-bottom: 1pt solid #000000; width: 12%;"><strong><span id="fs_N4MEUCPRSW00000000000000000000FM">2019</span></strong><br/></td> <td style="height: 17px; width: 1.4881%;"><br/></td> <td colspan="2" style="height: 17px; text-align: center; border-bottom: 1pt solid #000000; width: 12.4881%;"><strong><span id="fs_WO5WRCQ3SG00000000000000000000FM">2018</span></strong><br/></td> <td style="height: 17px; width: 0.997506%;"><span><span style="font-size: 10pt; font-family: 'times new roman', times;"><strong> </strong></span></span></td> <td colspan="2" style="text-align: center; border-bottom: 1pt solid #000000; height: 17px; width: 12%;"><strong><span style="border-left: none; border-right: none;"><span id="fs_VL7KEIN9Y800000000000000000000">2019</span></span></strong></td> <td style="text-align: center; height: 17px; width: 1.4881%;"><span><span> </span></span></td> <td colspan="2" style="text-align: center; border-bottom: 1pt solid #000000; height: 17px; width: 12.4881%;"><strong><span style="border-left: none; border-right: none;"><span id="fs_KFEOGEKJR400000000000000000000">2018</span></span></strong></td> <td style="height: 17px; width: 0.997506%;"/> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="background-color: #cceeff; height: 17px; width: 46.9659%;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Depreciation expense</span></td> <td style="background-color: #cceeff; width: 1.08063%; height: 17px;"><br/></td> <td style="background-color: #cceeff; width: 1%; height: 17px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="background-color: #cceeff; width: 11%; text-align: right; height: 17px;">75</td> <td style="background-color: #cceeff; width: 1.4881%; height: 17px;"><br/></td> <td style="background-color: #cceeff; width: 1.4881%; height: 17px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="background-color: #cceeff; width: 11%; text-align: right; height: 17px;">68</td> <td style="background-color: #cceeff; height: 17px; width: 0.997506%;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> </span></td> <td style="background-color: #cceeff; text-align: left; height: 17px; width: 1%;"><span style="font-family: 'times new roman', times; font-size: 10pt;">$</span></td> <td style="text-align: right; background-color: #cceeff; height: 17px; width: 11%;">146</td> <td style="text-align: right; background-color: #cceeff; height: 17px; width: 1.4881%;"> </td> <td style="background-color: #cceeff; text-align: left; height: 17px; width: 1.4881%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span><br/></td> <td style="text-align: right; background-color: #cceeff; height: 17px; width: 11%;">136</td> <td style="text-align: right; background-color: #cceeff; height: 17px; width: 0.997506%;"/> </tr> <tr style="height: 17px;"> <td style="height: 17px; width: 46.9659%;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Interest expense</span></td> <td style="height: 17px; width: 1.08063%;"><br/></td> <td style="height: 17px; width: 1%;"><br/></td> <td style="text-align: right; height: 17px; width: 11%;">19</td> <td style="height: 17px; width: 1.4881%;"><br/></td> <td style="height: 17px; width: 1.4881%;"><br/></td> <td style="text-align: right; height: 17px; width: 11%;">24</td> <td style="height: 17px; width: 0.997506%;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> </span></td> <td style="height: 17px; width: 1%;"><br/></td> <td style="text-align: right; height: 17px; width: 11%;">38</td> <td style="text-align: right; height: 17px; width: 1.4881%;"><span> </span></td> <td style="text-align: right; height: 17px; width: 1.4881%;"><span> </span></td> <td style="text-align: right; height: 17px; width: 11%;">50</td> <td style="height: 17px; width: 0.997506%;"/> </tr> </tbody> </table> </div> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Accumulated depreciation and net book value for finance leases, in thousands, are as follows:</span></p> <p style="font-size: 8pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <div> <div id="t_ft_4H6N3B4Q2O00000000000000000000b"> <table border="0" cellpadding="0" style="height: 68px; font-size: 10pt; font-family: 'times new roman'; width: 100%; border-collapse: collapse; margin-left: 0.1px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> </span></span></td> <td style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> </span></span></td> <td colspan="5" style="text-align: center; border-bottom: 1pt solid #000000; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px;"><span id="fs_HO0YF2SFGG00000000000000000000">June 30</span>,</strong></span></td> <td style="text-align: center; padding: 0px; margin-left: 0px; margin-right: 0px; text-indent: 0px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span></td> </tr> <tr style="height: 17px;"> <td style="height: 17px;"><br/></td> <td style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> </span></span></td> <td colspan="2" style="text-align: center; border-bottom: 1pt solid #000000; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span><strong><span style="font-size: 10pt; font-family: 'times new roman', times;"><span id="fs_REZ3J3TXSG00000000000000000000">2019</span></span></strong></td> <td style="text-align: center; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span></td> <td colspan="2" style="text-align: center; border-bottom: 1pt solid #000000; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span><strong><span style="font-size: 10pt; font-family: 'times new roman', times;"><span id="fs_EAAL458PNK00000000000000000000">2018</span></span></strong></td> <td style="text-align: center; padding: 0px; margin-left: 0px; margin-right: 0px; text-indent: 0px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span></td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="background-color: #cceeff; width: 65%; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Accumulated depreciation</span></span></td> <td style="background-color: #cceeff; width: 1%; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> </span></span></td> <td style="background-color: #cceeff; text-align: left; width: 1%; height: 17px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span><br/></td> <td style="text-align: right; background-color: #cceeff; width: 15%; height: 17px;">858</td> <td style="text-align: right; background-color: #cceeff; width: 1%; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> </span></td> <td style="background-color: #cceeff; text-align: left; width: 1%; height: 17px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span><br/></td> <td style="text-align: right; background-color: #cceeff; width: 15%; height: 17px;">571</td> <td style="text-align: center; padding: 0px; margin-left: 0px; margin-right: 0px; text-indent: 0px; width: 1%; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span></td> </tr> <tr style="height: 17px;"> <td style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Net book value</span></span></td> <td style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> </span></span></td> <td style="text-align: right; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span></td> <td style="text-align: right; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">854</span></td> <td style="text-align: right; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span></td> <td style="text-align: right; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">842</span></td> <td style="text-align: center; padding: 0px; margin-left: 0px; margin-right: 0px; text-indent: 0px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span></td> </tr> </tbody> </table> </div> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Future minimum lease payments for finance leases for the next <span style="border-left: none; border-right: none;"><span id="fs_CQETTDD9Z400000000000000000000">five twelve</span></span>-month periods ending <span id="fs_X060C5OZSW00000000000000000000">June 30</span> of each year, in thousands, as of <span id="fs_ARODMP5JLCSSOS04C448GK8G0OKK08">June 30, 2019</span> are as follows:</span></p> <p style="font-size: 8pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <div> <div style="border-left: none; border-right: none;"> <div id="t_ft_2CW2CQPY1C00000000000000000000"> <table border="0" cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 137px;" width="100%"> <tbody> <tr style="height: 17px;"> <td align="left" style="padding: 0px; height: 17px; width: 54.5319%;" valign="bottom"><span style="font-family: 'times new roman', times;">  </span></td> <td colspan="2" style="padding: 0px; text-indent: 0px; text-align: center; height: 17px; width: 13%;" valign="bottom"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><span style="font-family: 'times new roman', times;"><strong><span style="font-size: 10pt;">Total </span></strong></span></div> </td> <td style="padding: 0px; text-align: center; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"><strong><span style="font-size: 10pt;"> </span></strong></span></td> <td colspan="2" style="padding: 0px; text-indent: 0px; text-align: center; height: 17px; width: 13%;" valign="bottom"><span style="font-family: 'times new roman', times;"><strong><span style="font-size: 10pt;">Principal</span></strong></span></td> <td style="padding: 0px; text-align: center; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"><strong><span style="font-size: 10pt;"> </span></strong></span></td> <td colspan="2" style="padding: 0px; text-indent: 0px; text-align: center; height: 17px; width: 14%;" valign="bottom"><span style="font-family: 'times new roman', times;"><strong><span style="font-size: 10pt;"> Interest</span></strong></span></td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td align="left" style="padding: 0px; text-indent: 0px; width: 54.5319%; background-color: #cceeff; height: 17px;" valign="bottom"> <div style="display: block; margin-right: 0pt;"><span style="border-left: none; border-right: none; font-family: 'times new roman', times;"><span id="fs_V3XQTXYCGG00000000000000000000">2020</span></span></div> </td> <td style="padding: 0px; text-indent: 0px; text-align: left; border-top: 1pt solid #000000; width: 1%; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;">$</span></td> <td style="text-align: right; padding: 0px; border-top: 1pt solid #000000; width: 12%; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;">482</span></td> <td style="text-align: left; padding: 0px; width: 2.97177%; background-color: #cceeff; height: 17px;" valign="bottom"/> <td style="padding: 0px; text-indent: 0px; border-top: 1pt solid #000000; width: 1%; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;">$</span></td> <td style="text-align: right; padding: 0px; border-top: 1pt solid #000000; width: 12%; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;">413</span></td> <td style="text-align: left; padding: 0px; width: 2.97177%; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="padding: 0px; text-indent: 0px; border-top: 1pt solid #000000; width: 1%; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;">$</span></td> <td style="text-align: right; padding: 0px; border-top: 1pt solid #000000; width: 13%; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;">69</span></td> </tr> <tr style="height: 17px;"> <td align="left" style="padding: 0px; text-indent: 0px; height: 17px; width: 54.5319%;" valign="bottom"> <div style="display: block; margin-right: 0pt; text-align: left;"><span style="border-left: none; border-right: none; font-family: 'times new roman', times;"><span id="fs_6CE0PMUO5C00000000000000000000">2021</span></span></div> </td> <td style="text-align: left; padding: 0px; text-indent: 0px; height: 17px; width: 1%;" valign="bottom"/> <td style="text-align: right; padding: 0px; height: 17px; width: 12%;" valign="bottom">388</td> <td style="text-align: left; padding: 0px; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="left" style="padding: 0px; height: 17px; width: 1%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; padding: 0px; height: 17px; width: 12%;" valign="bottom">356</td> <td style="text-align: left; padding: 0px; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="left" style="padding: 0px; height: 17px; width: 1%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; padding: 0px; height: 17px; width: 13%;" valign="bottom">32</td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td align="left" style="padding: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 54.5319%;" valign="bottom"> <div style="display: block; margin-right: 0pt; text-align: left;"><span style="border-left: none; border-right: none; font-family: 'times new roman', times;"><span id="fs_GYSHT9ZP4W00000000000000000000">2022</span></span></div> </td> <td style="text-align: left; padding: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;" valign="bottom"/> <td style="text-align: right; padding: 0px; background-color: #cceeff; height: 17px; width: 12%;" valign="bottom">105</td> <td style="text-align: left; padding: 0px; background-color: #cceeff; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="right" style="padding: 0px; background-color: #cceeff; height: 17px; width: 1%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; padding: 0px; background-color: #cceeff; height: 17px; width: 12%;" valign="bottom">89</td> <td style="text-align: left; padding: 0px; background-color: #cceeff; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="right" style="padding: 0px; background-color: #cceeff; height: 17px; width: 1%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; padding: 0px; background-color: #cceeff; height: 17px; width: 13%;" valign="bottom">16</td> </tr> <tr style="height: 17px;"> <td align="left" style="padding: 0px; text-indent: 0px; height: 17px; width: 54.5319%;" valign="bottom"> <div style="display: block; margin-right: 0pt; text-align: left;"><span style="border-left: none; border-right: none; font-family: 'times new roman', times;"><span id="fs_04HTA1TIDC00000000000000000000">2023</span></span></div> </td> <td style="text-align: left; padding: 0px; text-indent: 0px; height: 17px; width: 1%;" valign="bottom"/> <td style="text-align: right; padding: 0px; height: 17px; width: 12%;" valign="bottom">90</td> <td style="text-align: left; padding: 0px; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="left" style="padding: 0px; height: 17px; width: 1%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; padding: 0px; height: 17px; width: 12%;" valign="bottom">80</td> <td style="text-align: left; padding: 0px; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="left" style="padding: 0px; height: 17px; width: 1%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; padding: 0px; height: 17px; width: 13%;" valign="bottom">10</td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td align="left" style="padding: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 54.5319%;" valign="bottom"> <div style="display: block; margin-right: 0pt;"><span style="border-left: none; border-right: none; font-family: 'times new roman', times;"><span id="fs_W3LOLG843400000000000000000000">2024</span></span></div> </td> <td colspan="2" style="padding: 0px; text-indent: 0px; text-align: right; background-color: #cceeff; height: 17px; width: 13%;" valign="bottom"><span style="font-family: 'times new roman', times;">74</span></td> <td style="text-align: left; padding: 0px; background-color: #cceeff; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="right" colspan="2" style="padding: 0px; background-color: #cceeff; height: 17px; width: 13%;" valign="bottom"><span style="font-family: 'times new roman', times;"> 69</span></td> <td style="text-align: left; padding: 0px; background-color: #cceeff; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="right" colspan="2" style="padding: 0px; background-color: #cceeff; height: 17px; width: 14%;" valign="bottom"><span style="font-family: 'times new roman', times;"> 5</span></td> </tr> <tr style="height: 17px;"> <td align="left" style="padding: 0px; text-indent: 0px; width: 54.5319%; height: 17px;" valign="bottom"> <div style="display: block; margin-right: 0pt;"><span style="border-left: none; border-right: none; font-family: 'times new roman', times;"><span><span id="fs_TWW30T4NDC00000000000000000000fs">2025</span></span></span></div> </td> <td colspan="2" style="padding: 0px; text-indent: 0px; text-align: right; border-bottom: 1pt solid #000000; width: 13%; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;"><span> </span>59</span></td> <td style="text-align: left; padding: 0px; width: 2.97177%; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="right" colspan="2" style="padding: 0px; border-bottom: 1pt solid #000000; width: 13%; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;"> 58</span></td> <td style="text-align: left; padding: 0px; width: 2.97177%; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="right" colspan="2" style="padding: 0px; border-bottom: 1pt solid #000000; width: 14%; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;"> 1</span></td> </tr> <tr style="background-color: #cceeff; height: 18px;"> <td align="left" style="padding: 0px; background-color: #cceeff; height: 18px; width: 54.5319%;" valign="bottom"> <div style="text-indent: -18pt; display: block; margin-left: 27pt; margin-right: 0pt;"><br/></div> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; text-align: left; background-color: #cceeff; height: 18px; width: 1%;"><span style="font-family: 'times new roman', times;">$</span></td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; text-align: right; background-color: #cceeff; height: 18px; width: 12%;">1,198</td> <td style="text-align: left; padding: 0px; background-color: #cceeff; height: 18px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; text-align: left; background-color: #cceeff; height: 18px; width: 1%;"><span style="font-family: 'times new roman', times;">$</span></td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; text-align: right; background-color: #cceeff; height: 18px; width: 12%;">1,065</td> <td style="text-align: left; padding: 0px; background-color: #cceeff; height: 18px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; text-align: left; background-color: #cceeff; height: 18px; width: 1%;"><span style="font-family: 'times new roman', times;">$</span></td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; text-align: right; background-color: #cceeff; height: 18px; width: 13%;">133</td> </tr> </tbody> </table> </div> </div> </div> 53800 P7Y 37500 P5Y For each of the following one year periods, the annual rent increases the lesser of (a) the percentage change in the CPI over the preceding twelve months, or (b) 2% of the previous year's annual rent. 2 P5Y P3Y 3 P3Y 8000.0 200 P3Y P3Y 4.4 3000.0 P4M 7500 30000.0 0.40 3000.0 P5Y <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">Future minimum lease payments for operating leases for the next <span id="fs_L4H5NH0AO000000000000000000000fs">five twelve</span>-month periods ending <span id="fs_ETWPUJ60SW00000000000000000000FM">June 30</span> of each year and thereafter, in thousands, </span><span style="font-family: Times New Roman; font-size: 10pt;">as o<span style="font-family: 'times new roman', times;">f </span></span><span style="font-family: 'times new roman', times;"><span id="fs_HDGLUH22PSWCWWWSWSGSOG4OKC80CO">June 30, 2019</span></span><span style="font-family: Times New Roman; font-size: 10pt;">, are as follows:</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_IEI1IOOCZ400000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 193px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="vertical-align: middle; height: 17px; width: 55.7037%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: center;"><strong><span style="font-family: 'Times New Roman'; font-size: 10pt;">Related Party</span></strong></p> </td> <td style="vertical-align: middle; height: 17px; width: 1.48148%;"> <p style="margin: 0pt;"><strong><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></strong></p> </td> <td colspan="2" style="vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: center;"><strong><span style="font-family: 'Times New Roman'; font-size: 10pt;">Other</span></strong></p> </td> <td style="vertical-align: middle; height: 17px; width: 1.33333%;"> <p style="margin: 0pt;"><strong><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></strong></p> </td> <td colspan="2" style="vertical-align: middle; border-bottom: 1pt solid #000000; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: center;"><strong><span style="font-family: 'Times New Roman'; font-size: 10pt;">Total</span></strong></p> </td> <td style="vertical-align: middle; height: 17px; width: 1.18519%;"> <p style="margin: 0pt;"><strong><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></strong></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; width: 55.7037%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span id="fs_PZVXFQGIB400000000000000000000">2020</span></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; width: 1%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 12%; text-align: right; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> 450 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1.48148%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; width: 1%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; width: 12%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> 103 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1.33333%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">553</span></p> </td> <td style="vertical-align: bottom; width: 1.18519%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 55.7037%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span id="fs_QWS8V5TXF400000000000000000000">2021</span></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 17px; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> 450 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 17px; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> 103 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">553</span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1.18519%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 55.7037%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> <span id="fs_4Z1ADAK6EO00000000000000000000">2022</span></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 17px; background-color: #cceeff; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff; width: 12%;"> <div style="border-left: none; border-right: none;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">450</span></p> </div> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 17px; background-color: #cceeff; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> 103 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">553</span></p> </td> <td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.18519%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 55.7037%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> <span id="fs_N2UDXFE01S00000000000000000000">2023</span></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 17px; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> 457 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 17px; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> 100 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">557</span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1.18519%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 55.7037%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> <span id="fs_U6CSBDIH4000000000000000000000">2024</span></span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; width: 1%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; width: 12%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">466</span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1.48148%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; width: 1%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; width: 12%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 96</span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; width: 1.33333%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 13%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">562</span> </span></p> </td> <td style="vertical-align: bottom; width: 1.18519%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 55.7037%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Thereafter </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; text-align: left; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; text-align: right; height: 17px; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> <span style="border-left: none; border-right: none;">5,345</span> </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; text-align: left; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; text-align: right; height: 17px; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 232 </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> <span style="border-left: none; border-right: none;">5,577</span> </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; height: 17px; width: 1.18519%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 55.7037%;"> <p style="margin: 0pt; text-align: left;"><span style="font-family: Times New Roman; font-size: 10pt;"> Total future operating lease payments </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 10px; background-color: #cceeff; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 10px; background-color: #cceeff; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">7,618</span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.48148%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 10px; background-color: #cceeff; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 10px; background-color: #cceeff; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">  737</span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.33333%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">8,355</span></p> </td> <td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.18519%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">  </span></p> </td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 55.7037%;">Less: imputed interest</td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 16px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 16px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">2,737</td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.48148%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 16px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 16px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">141</td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; text-align: right; height: 16px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">2,878</td> <td style="vertical-align: bottom; height: 16px; width: 1.18519%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 55.7037%;">Present value of lease liabilities</td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; background-color: #cceeff; height: 16px; width: 1%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; background-color: #cceeff; height: 16px; width: 12%;">4,881</td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.48148%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; background-color: #cceeff; height: 16px; width: 1%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; background-color: #cceeff; height: 16px; width: 12%;">596</td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.33333%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; text-align: right; height: 16px; width: 12%;">5,477</td> <td style="vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.18519%;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 55.7037%;">Less: current portion of operating lease liabilities</td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 16px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 16px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">161</td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.48148%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; height: 16px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; height: 16px; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">69</td> <td style="padding: 1.5pt; vertical-align: bottom; height: 16px; width: 1.33333%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; width: 1%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 16px; text-align: right; width: 12%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;">230</td> <td style="vertical-align: bottom; height: 16px; width: 1.18519%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 16px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 55.7037%;">Long-term operating lease liabilities</td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; border-bottom: 1.5pt solid #000000; background-color: #cceeff; height: 16px; width: 1%;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="padding: 1.5pt; vertical-align: bottom; border-bottom: 1.5pt solid #000000; text-align: right; background-color: #cceeff; height: 16px; width: 12%;">4,720</td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.48148%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: left; border-bottom: 1.5pt solid #000000; background-color: #cceeff; height: 16px; width: 1%;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: right; border-bottom: 1.5pt solid #000000; background-color: #cceeff; height: 16px; width: 12%;">527</td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.33333%;"><br/></td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1%;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 16px; text-align: right; width: 12%;">5,247</td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 1.18519%;"><br/></td> </tr> </tbody> </table> </div> </div> </div> 450000 103000 553000 450000 103000 553000 450000 103000 553000 457000 100000 557000 466000 96000 562000 5345000 232000 5577000 7618000 737000 8355000 2737000 141000 2878000 4881000 596000 5477000 161000 69000 230000 4720000 527000 5247000 <div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Other information related to operating leases is as follows: </span></span></p> <p style="font-size: 7pt; line-height: 120%; margin: 0pt; text-align: justify;"><span> </span></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_ZNTQT5795S00000000000000000000b"> <table border="0" cellpadding="0" style="height: 58px; border-collapse: collapse; padding: 2px; font-size: 10pt; font-family: 'times new roman'; width: 99.8612%; margin-left: 0.1px;" width="100%"> <tbody> <tr style="/* background-image: linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%) !important; */background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 16px;"> <td style="height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><br/></td> <td style="height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><br/></td> <td colspan="3" style="border-image: initial; text-align: center; height: 16px; border-bottom: 1pt solid #000000; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"> <p style="margin: 0px; text-align: center;"><span><span><strong><span id="fs_L7BZ8Q6JSG00000000000000000000FM">June 30</span>,</strong></span></span></p> </td> </tr> <tr style="height: 10px; /* background-image: linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%) !important; */background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"> <td style="height: 10px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><br/></td> <td style="height: 10px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><br/></td> <td colspan="2" style="border-image: initial; text-align: center; height: 10px; border-bottom: 1pt solid #000000; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><strong><span><span id="fs_HNZ7JBUMU800000000000000000000fs">2019</span></span></strong></td> <td style="border-image: initial; text-align: center; border-bottom: 1pt solid #000000; height: 10px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><br/></td> </tr> <tr style="background-color: #cceeff; /* background-image: linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%) !important; */background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 16px;"> <td style="background-color: #cceeff; height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; width: 87%;"><span>Weighted average remaining lease term (years) *</span></td> <td style="background-color: #cceeff; height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; width: 1%;"><br/></td> <td style="background-color: #cceeff; text-align: left; height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; width: 1%;"><br/></td> <td style="background-color: #cceeff; height: 16px; text-align: right; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; width: 10%;"><span>14.3</span></td> <td style="background-color: #cceeff; text-align: center; height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; width: 1%;"><br/></td> </tr> <tr style="/* background-image: linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(to right, gray 33%, rgba(255, 255, 255, 0) 0%), linear-gradient(gray 33%, rgba(255, 255, 255, 0) 0%) !important; */background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important; height: 16px;"> <td style="height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><span>Weighted average discount rate</span></td> <td style="height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><br/></td> <td style="height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><br/></td> <td style="height: 16px; text-align: right; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;"><span>6.0</span></td> <td style="text-align: center; height: 16px; background-position: center bottom, right center, center top, left center !important; background-size: 3px 1px, 1px 3px, 3px 1px, 1px 3px !important; background-repeat: repeat-x, repeat-y, repeat-x, repeat-y !important;">%</td> </tr> </tbody> </table> </div> </div> </div> </div> <p style="font-size: 7pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;">*The Company has included lease renewal options that are reasonably certain of exercise in the calculation of the weighted average remaining lease term.</p> P14Y3M18D 0.060 220800 157400 394500 311000.0 14500 31300 1300000 0.093 2 P6Y 1400 1.00 75200 0.100 P4Y 600 0.058 24700 P4Y 700 0.058 29000.0 2 1400 1.00 79900 0.100 P6Y 4800 0.050 1.00 299200 <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span>Depreciation and interest expense for finance leases, in thousands, are as follows:</span></span></span></p> <p style="font-size: 8pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 8pt; font-family: 'times new roman', times;"> </span></p> <div style="border-left: none; border-right: none;"> <div id="t_ft_OFKXEAVHMO00000000000000000000b"> <table border="0" cellpadding="0" style="height: 61px; font-size: 10pt; font-family: 'times new roman'; width: 100.007%; border-collapse: collapse; margin-left: 0.1px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="height: 10px; width: 46.9659%;"><br/></td> <td style="height: 10px; width: 1.08063%;"><br/></td> <td colspan="5" style="border-bottom: 1pt solid #000000; height: 10px; padding: 0px; width: 25.9762%;"> <p style="text-align: center;"><strong>For the <span id="fs_VGKN6U8OTS00000000000000000000FM">three</span> months ended</strong><br/><strong><span id="fs_S6KNR2GT3K00000000000000000000FM">June 30</span>,</strong></p> </td> <td style="height: 10px; width: 0.997506%;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> </span></td> <td colspan="5" style="text-align: center; border-bottom: 1pt solid #000000; height: 10px; padding: 0px; width: 25.9762%;"> <p style="text-align: center;"><strong>For the <span id="fs_Z2AWWA7G9S00000000000000000000FM">six</span> months ended</strong><br/><strong><span id="fs_GOTV3C7BUO00000000000000000000FM">June 30</span>,</strong></p> </td> <td style="height: 10px; width: 0.997506%;"/> </tr> <tr style="height: 17px;"> <td style="height: 17px; width: 46.9659%;"><br/></td> <td style="height: 17px; width: 1.08063%;"><br/></td> <td colspan="2" style="height: 17px; text-align: center; border-bottom: 1pt solid #000000; width: 12%;"><strong><span id="fs_N4MEUCPRSW00000000000000000000FM">2019</span></strong><br/></td> <td style="height: 17px; width: 1.4881%;"><br/></td> <td colspan="2" style="height: 17px; text-align: center; border-bottom: 1pt solid #000000; width: 12.4881%;"><strong><span id="fs_WO5WRCQ3SG00000000000000000000FM">2018</span></strong><br/></td> <td style="height: 17px; width: 0.997506%;"><span><span style="font-size: 10pt; font-family: 'times new roman', times;"><strong> </strong></span></span></td> <td colspan="2" style="text-align: center; border-bottom: 1pt solid #000000; height: 17px; width: 12%;"><strong><span style="border-left: none; border-right: none;"><span id="fs_VL7KEIN9Y800000000000000000000">2019</span></span></strong></td> <td style="text-align: center; height: 17px; width: 1.4881%;"><span><span> </span></span></td> <td colspan="2" style="text-align: center; border-bottom: 1pt solid #000000; height: 17px; width: 12.4881%;"><strong><span style="border-left: none; border-right: none;"><span id="fs_KFEOGEKJR400000000000000000000">2018</span></span></strong></td> <td style="height: 17px; width: 0.997506%;"/> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="background-color: #cceeff; height: 17px; width: 46.9659%;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Depreciation expense</span></td> <td style="background-color: #cceeff; width: 1.08063%; height: 17px;"><br/></td> <td style="background-color: #cceeff; width: 1%; height: 17px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="background-color: #cceeff; width: 11%; text-align: right; height: 17px;">75</td> <td style="background-color: #cceeff; width: 1.4881%; height: 17px;"><br/></td> <td style="background-color: #cceeff; width: 1.4881%; height: 17px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span></td> <td style="background-color: #cceeff; width: 11%; text-align: right; height: 17px;">68</td> <td style="background-color: #cceeff; height: 17px; width: 0.997506%;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> </span></td> <td style="background-color: #cceeff; text-align: left; height: 17px; width: 1%;"><span style="font-family: 'times new roman', times; font-size: 10pt;">$</span></td> <td style="text-align: right; background-color: #cceeff; height: 17px; width: 11%;">146</td> <td style="text-align: right; background-color: #cceeff; height: 17px; width: 1.4881%;"> </td> <td style="background-color: #cceeff; text-align: left; height: 17px; width: 1.4881%;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span><br/></td> <td style="text-align: right; background-color: #cceeff; height: 17px; width: 11%;">136</td> <td style="text-align: right; background-color: #cceeff; height: 17px; width: 0.997506%;"/> </tr> <tr style="height: 17px;"> <td style="height: 17px; width: 46.9659%;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Interest expense</span></td> <td style="height: 17px; width: 1.08063%;"><br/></td> <td style="height: 17px; width: 1%;"><br/></td> <td style="text-align: right; height: 17px; width: 11%;">19</td> <td style="height: 17px; width: 1.4881%;"><br/></td> <td style="height: 17px; width: 1.4881%;"><br/></td> <td style="text-align: right; height: 17px; width: 11%;">24</td> <td style="height: 17px; width: 0.997506%;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> </span></td> <td style="height: 17px; width: 1%;"><br/></td> <td style="text-align: right; height: 17px; width: 11%;">38</td> <td style="text-align: right; height: 17px; width: 1.4881%;"><span> </span></td> <td style="text-align: right; height: 17px; width: 1.4881%;"><span> </span></td> <td style="text-align: right; height: 17px; width: 11%;">50</td> <td style="height: 17px; width: 0.997506%;"/> </tr> </tbody> </table> </div> </div> 75000 68000 146000 136000 19000 24000 38000 50000 <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Accumulated depreciation and net book value for finance leases, in thousands, are as follows:</span></p> <p style="font-size: 8pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <div> <div id="t_ft_4H6N3B4Q2O00000000000000000000b"> <table border="0" cellpadding="0" style="height: 68px; font-size: 10pt; font-family: 'times new roman'; width: 100%; border-collapse: collapse; margin-left: 0.1px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> </span></span></td> <td style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> </span></span></td> <td colspan="5" style="text-align: center; border-bottom: 1pt solid #000000; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><strong style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px;"><span id="fs_HO0YF2SFGG00000000000000000000">June 30</span>,</strong></span></td> <td style="text-align: center; padding: 0px; margin-left: 0px; margin-right: 0px; text-indent: 0px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span></td> </tr> <tr style="height: 17px;"> <td style="height: 17px;"><br/></td> <td style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> </span></span></td> <td colspan="2" style="text-align: center; border-bottom: 1pt solid #000000; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span><strong><span style="font-size: 10pt; font-family: 'times new roman', times;"><span id="fs_REZ3J3TXSG00000000000000000000">2019</span></span></strong></td> <td style="text-align: center; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span></td> <td colspan="2" style="text-align: center; border-bottom: 1pt solid #000000; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span><strong><span style="font-size: 10pt; font-family: 'times new roman', times;"><span id="fs_EAAL458PNK00000000000000000000">2018</span></span></strong></td> <td style="text-align: center; padding: 0px; margin-left: 0px; margin-right: 0px; text-indent: 0px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span></td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="background-color: #cceeff; width: 65%; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Accumulated depreciation</span></span></td> <td style="background-color: #cceeff; width: 1%; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> </span></span></td> <td style="background-color: #cceeff; text-align: left; width: 1%; height: 17px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span><br/></td> <td style="text-align: right; background-color: #cceeff; width: 15%; height: 17px;">858</td> <td style="text-align: right; background-color: #cceeff; width: 1%; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> </span></td> <td style="background-color: #cceeff; text-align: left; width: 1%; height: 17px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$</span><br/></td> <td style="text-align: right; background-color: #cceeff; width: 15%; height: 17px;">571</td> <td style="text-align: center; padding: 0px; margin-left: 0px; margin-right: 0px; text-indent: 0px; width: 1%; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span></td> </tr> <tr style="height: 17px;"> <td style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Net book value</span></span></td> <td style="height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> </span></span></td> <td style="text-align: right; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span></td> <td style="text-align: right; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">854</span></td> <td style="text-align: right; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span></td> <td style="text-align: right; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">842</span></td> <td style="text-align: center; padding: 0px; margin-left: 0px; margin-right: 0px; text-indent: 0px; height: 17px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"><span> </span></span></td> </tr> </tbody> </table> </div> </div> 858000 571000 854000 842000 <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Future minimum lease payments for finance leases for the next <span style="border-left: none; border-right: none;"><span id="fs_CQETTDD9Z400000000000000000000">five twelve</span></span>-month periods ending <span id="fs_X060C5OZSW00000000000000000000">June 30</span> of each year, in thousands, as of <span id="fs_ARODMP5JLCSSOS04C448GK8G0OKK08">June 30, 2019</span> are as follows:</span></p> <p style="font-size: 8pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <div> <div style="border-left: none; border-right: none;"> <div id="t_ft_2CW2CQPY1C00000000000000000000"> <table border="0" cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 137px;" width="100%"> <tbody> <tr style="height: 17px;"> <td align="left" style="padding: 0px; height: 17px; width: 54.5319%;" valign="bottom"><span style="font-family: 'times new roman', times;">  </span></td> <td colspan="2" style="padding: 0px; text-indent: 0px; text-align: center; height: 17px; width: 13%;" valign="bottom"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><span style="font-family: 'times new roman', times;"><strong><span style="font-size: 10pt;">Total </span></strong></span></div> </td> <td style="padding: 0px; text-align: center; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"><strong><span style="font-size: 10pt;"> </span></strong></span></td> <td colspan="2" style="padding: 0px; text-indent: 0px; text-align: center; height: 17px; width: 13%;" valign="bottom"><span style="font-family: 'times new roman', times;"><strong><span style="font-size: 10pt;">Principal</span></strong></span></td> <td style="padding: 0px; text-align: center; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"><strong><span style="font-size: 10pt;"> </span></strong></span></td> <td colspan="2" style="padding: 0px; text-indent: 0px; text-align: center; height: 17px; width: 14%;" valign="bottom"><span style="font-family: 'times new roman', times;"><strong><span style="font-size: 10pt;"> Interest</span></strong></span></td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td align="left" style="padding: 0px; text-indent: 0px; width: 54.5319%; background-color: #cceeff; height: 17px;" valign="bottom"> <div style="display: block; margin-right: 0pt;"><span style="border-left: none; border-right: none; font-family: 'times new roman', times;"><span id="fs_V3XQTXYCGG00000000000000000000">2020</span></span></div> </td> <td style="padding: 0px; text-indent: 0px; text-align: left; border-top: 1pt solid #000000; width: 1%; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;">$</span></td> <td style="text-align: right; padding: 0px; border-top: 1pt solid #000000; width: 12%; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;">482</span></td> <td style="text-align: left; padding: 0px; width: 2.97177%; background-color: #cceeff; height: 17px;" valign="bottom"/> <td style="padding: 0px; text-indent: 0px; border-top: 1pt solid #000000; width: 1%; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;">$</span></td> <td style="text-align: right; padding: 0px; border-top: 1pt solid #000000; width: 12%; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;">413</span></td> <td style="text-align: left; padding: 0px; width: 2.97177%; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="padding: 0px; text-indent: 0px; border-top: 1pt solid #000000; width: 1%; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;">$</span></td> <td style="text-align: right; padding: 0px; border-top: 1pt solid #000000; width: 13%; background-color: #cceeff; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;">69</span></td> </tr> <tr style="height: 17px;"> <td align="left" style="padding: 0px; text-indent: 0px; height: 17px; width: 54.5319%;" valign="bottom"> <div style="display: block; margin-right: 0pt; text-align: left;"><span style="border-left: none; border-right: none; font-family: 'times new roman', times;"><span id="fs_6CE0PMUO5C00000000000000000000">2021</span></span></div> </td> <td style="text-align: left; padding: 0px; text-indent: 0px; height: 17px; width: 1%;" valign="bottom"/> <td style="text-align: right; padding: 0px; height: 17px; width: 12%;" valign="bottom">388</td> <td style="text-align: left; padding: 0px; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="left" style="padding: 0px; height: 17px; width: 1%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; padding: 0px; height: 17px; width: 12%;" valign="bottom">356</td> <td style="text-align: left; padding: 0px; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="left" style="padding: 0px; height: 17px; width: 1%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; padding: 0px; height: 17px; width: 13%;" valign="bottom">32</td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td align="left" style="padding: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 54.5319%;" valign="bottom"> <div style="display: block; margin-right: 0pt; text-align: left;"><span style="border-left: none; border-right: none; font-family: 'times new roman', times;"><span id="fs_GYSHT9ZP4W00000000000000000000">2022</span></span></div> </td> <td style="text-align: left; padding: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;" valign="bottom"/> <td style="text-align: right; padding: 0px; background-color: #cceeff; height: 17px; width: 12%;" valign="bottom">105</td> <td style="text-align: left; padding: 0px; background-color: #cceeff; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="right" style="padding: 0px; background-color: #cceeff; height: 17px; width: 1%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; padding: 0px; background-color: #cceeff; height: 17px; width: 12%;" valign="bottom">89</td> <td style="text-align: left; padding: 0px; background-color: #cceeff; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="right" style="padding: 0px; background-color: #cceeff; height: 17px; width: 1%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; padding: 0px; background-color: #cceeff; height: 17px; width: 13%;" valign="bottom">16</td> </tr> <tr style="height: 17px;"> <td align="left" style="padding: 0px; text-indent: 0px; height: 17px; width: 54.5319%;" valign="bottom"> <div style="display: block; margin-right: 0pt; text-align: left;"><span style="border-left: none; border-right: none; font-family: 'times new roman', times;"><span id="fs_04HTA1TIDC00000000000000000000">2023</span></span></div> </td> <td style="text-align: left; padding: 0px; text-indent: 0px; height: 17px; width: 1%;" valign="bottom"/> <td style="text-align: right; padding: 0px; height: 17px; width: 12%;" valign="bottom">90</td> <td style="text-align: left; padding: 0px; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="left" style="padding: 0px; height: 17px; width: 1%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; padding: 0px; height: 17px; width: 12%;" valign="bottom">80</td> <td style="text-align: left; padding: 0px; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="left" style="padding: 0px; height: 17px; width: 1%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; padding: 0px; height: 17px; width: 13%;" valign="bottom">10</td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td align="left" style="padding: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 54.5319%;" valign="bottom"> <div style="display: block; margin-right: 0pt;"><span style="border-left: none; border-right: none; font-family: 'times new roman', times;"><span id="fs_W3LOLG843400000000000000000000">2024</span></span></div> </td> <td colspan="2" style="padding: 0px; text-indent: 0px; text-align: right; background-color: #cceeff; height: 17px; width: 13%;" valign="bottom"><span style="font-family: 'times new roman', times;">74</span></td> <td style="text-align: left; padding: 0px; background-color: #cceeff; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="right" colspan="2" style="padding: 0px; background-color: #cceeff; height: 17px; width: 13%;" valign="bottom"><span style="font-family: 'times new roman', times;"> 69</span></td> <td style="text-align: left; padding: 0px; background-color: #cceeff; height: 17px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="right" colspan="2" style="padding: 0px; background-color: #cceeff; height: 17px; width: 14%;" valign="bottom"><span style="font-family: 'times new roman', times;"> 5</span></td> </tr> <tr style="height: 17px;"> <td align="left" style="padding: 0px; text-indent: 0px; width: 54.5319%; height: 17px;" valign="bottom"> <div style="display: block; margin-right: 0pt;"><span style="border-left: none; border-right: none; font-family: 'times new roman', times;"><span><span id="fs_TWW30T4NDC00000000000000000000fs">2025</span></span></span></div> </td> <td colspan="2" style="padding: 0px; text-indent: 0px; text-align: right; border-bottom: 1pt solid #000000; width: 13%; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;"><span> </span>59</span></td> <td style="text-align: left; padding: 0px; width: 2.97177%; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="right" colspan="2" style="padding: 0px; border-bottom: 1pt solid #000000; width: 13%; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;"> 58</span></td> <td style="text-align: left; padding: 0px; width: 2.97177%; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td align="right" colspan="2" style="padding: 0px; border-bottom: 1pt solid #000000; width: 14%; height: 17px;" valign="bottom"><span style="font-family: 'times new roman', times;"> 1</span></td> </tr> <tr style="background-color: #cceeff; height: 18px;"> <td align="left" style="padding: 0px; background-color: #cceeff; height: 18px; width: 54.5319%;" valign="bottom"> <div style="text-indent: -18pt; display: block; margin-left: 27pt; margin-right: 0pt;"><br/></div> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; text-align: left; background-color: #cceeff; height: 18px; width: 1%;"><span style="font-family: 'times new roman', times;">$</span></td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; text-align: right; background-color: #cceeff; height: 18px; width: 12%;">1,198</td> <td style="text-align: left; padding: 0px; background-color: #cceeff; height: 18px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; text-align: left; background-color: #cceeff; height: 18px; width: 1%;"><span style="font-family: 'times new roman', times;">$</span></td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; text-align: right; background-color: #cceeff; height: 18px; width: 12%;">1,065</td> <td style="text-align: left; padding: 0px; background-color: #cceeff; height: 18px; width: 2.97177%;" valign="bottom"><span style="font-family: 'times new roman', times;"> </span></td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; text-align: left; background-color: #cceeff; height: 18px; width: 1%;"><span style="font-family: 'times new roman', times;">$</span></td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; text-align: right; background-color: #cceeff; height: 18px; width: 13%;">133</td> </tr> </tbody> </table> </div> </div> </div> 482000 413000 69000 388000 356000 32000 105000 89000 16000 90000 80000 10000 74000 69000 5000 59000 58000 1000 1198000 1065000 133000 <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; font-family: Times New Roman; font-weight: bold;"><span id="fs_VQEMEJWIKG00000000000000000000">NOTE 5 – PER SHARE DATA</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: center;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/></span></p> <div style="border-right: none; border-left: none;"> <div style="font-family: 'times new roman', times; font-size: 10pt;"> <div style="border-right: none; border-left: none;"> <div style="border-right: none; border-left: none;"> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">The computation for basic and diluted income (loss) per share is as follows: </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><span id="fs_W75RRIIG2O00000000000000000000">Six</span> months ended <span id="fs_KNWWKW3OOG00000000000000000000">June 30, 2019</span> compared to <span id="fs_KLLFFW6UCG00000000000000000000">six</span> months ended <span id="fs_ZAEJSB851S00000000000000000000">June 30, 2018</span>:    </span></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_T02ML7DB3K00000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; width: 99.5%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 240px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span style="border-left: none; border-right: none;"><span id="fs_GW09WCA7HS00000000000000000000">2019</span></span></b></span></p> </td> <td style="padding: 0px; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span style="border-left: none; border-right: none;"><span id="fs_9O3DAM0VPS00000000000000000000">2018</span></span></b></span></p> </td> </tr> <tr style="height: 34px;"> <td style="padding: 0px; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="7" style="padding: 0px; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt; text-align: center;"><strong><span style="font-family: 'times new roman', times; font-size: 10pt;"> (in thousands, except per share information) </span></strong></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Basic income (loss) per share </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-top: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-top: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-top: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; width: 71%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Net income (loss) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 12%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(1,868</span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;">)</td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 12%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">833</span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"/> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Weighted average shares outstanding </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,108 </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,096 </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding: 0px 0px 0px 20px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Basic income (loss) per share </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(0.23</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">0.10</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"/> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Diluted income (loss) per share </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Net income (loss) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(1,868</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">833</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"/> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Weighted average shares outstanding </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,108 </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,096 </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Add dilutive effect of assumed exercising of stock options, RSUs and warrants </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">—</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">46</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Diluted weighted average shares outstanding </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,108 </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,142 </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding: 0px 0px 0px 20px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Diluted income (loss) per share </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(0.23</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">0.10</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"/> </tr> </tbody> </table> </div> </div> </div> </div> </div> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><span id="fs_IXWJISO48G00000000000000000000" style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><span id="fs_XYLZQOHUE800000000000000000000FM">Three</span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><span> </span>months ended<span> </span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><span id="fs_CJB05V38SG00000000000000000000"><span id="fs_1R49KNRJBK00000000000000000000FM">June 30, 2019</span></span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><span> </span>compared to<span> </span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><span id="fs_Q9XRIMMAI800000000000000000000"><span id="fs_XFVPK52Z9C00000000000000000000FM">three</span></span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><span> </span>months ended<span> </span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><span id="fs_3LYGBGONZK00000000000000000000"><span id="fs_70VO059MIO00000000000000000000FM">June 30, 2018</span></span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">: </span></span></p> <div id="t_ft_SSGLMNNA9C00000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 240px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span style="border-left: none; border-right: none;"><span><span id="fs_77EYZD18XC00000000000000000000FM">2019</span></span></span></b></span></p> </td> <td style="padding: 0px; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span style="border-left: none; border-right: none;"><span><span id="fs_8JWC41AWBK00000000000000000000FM">2018</span></span></span></b></span></p> </td> </tr> <tr style="height: 34px;"> <td style="padding: 0px; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="7" style="padding: 0px; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt; text-align: center;"><strong><span style="font-family: 'times new roman', times; font-size: 10pt;"> (in thousands, except per share information) </span></strong></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Basic income (loss) per share </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-top: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-top: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-top: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; width: 71%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Net income (loss) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 12%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(1,427</span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;">)</td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 12%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 797 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"/> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Weighted average shares outstanding </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">8,108</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,102 </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding: 0px 0px 0px 20px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Basic income (loss) per share </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span>(0.18</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 0.10 </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"/> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Diluted income (loss) per share </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Net income (loss) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(1,427</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 797 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"/> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Weighted average shares outstanding </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">8,108</span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,102 </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Add dilutive effect of assumed exercising of stock options, RSUs and warrants </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">—</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 68 </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Diluted weighted average shares outstanding </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">8,108</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,170 </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding: 0px 0px 0px 20px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Diluted income (loss) per share </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(0.18</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 0.10 </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"/> </tr> </tbody> </table> </div> </div> <div style="font-family: 'times new roman', times; font-size: 10pt;"> <div style="border-right: none; border-left: none;"> <div style="border-right: none; border-left: none;"> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">The computation for basic and diluted income (loss) per share is as follows: </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><span id="fs_W75RRIIG2O00000000000000000000">Six</span> months ended <span id="fs_KNWWKW3OOG00000000000000000000">June 30, 2019</span> compared to <span id="fs_KLLFFW6UCG00000000000000000000">six</span> months ended <span id="fs_ZAEJSB851S00000000000000000000">June 30, 2018</span>:    </span></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_T02ML7DB3K00000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; width: 99.5%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 240px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span style="border-left: none; border-right: none;"><span id="fs_GW09WCA7HS00000000000000000000">2019</span></span></b></span></p> </td> <td style="padding: 0px; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span style="border-left: none; border-right: none;"><span id="fs_9O3DAM0VPS00000000000000000000">2018</span></span></b></span></p> </td> </tr> <tr style="height: 34px;"> <td style="padding: 0px; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="7" style="padding: 0px; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt; text-align: center;"><strong><span style="font-family: 'times new roman', times; font-size: 10pt;"> (in thousands, except per share information) </span></strong></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Basic income (loss) per share </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-top: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-top: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-top: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; width: 71%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Net income (loss) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 12%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(1,868</span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;">)</td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 12%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">833</span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"/> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Weighted average shares outstanding </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,108 </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,096 </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding: 0px 0px 0px 20px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Basic income (loss) per share </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(0.23</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">0.10</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"/> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Diluted income (loss) per share </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Net income (loss) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(1,868</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">833</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"/> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Weighted average shares outstanding </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,108 </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,096 </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Add dilutive effect of assumed exercising of stock options, RSUs and warrants </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">—</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">46</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Diluted weighted average shares outstanding </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,108 </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,142 </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding: 0px 0px 0px 20px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Diluted income (loss) per share </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(0.23</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">0.10</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"/> </tr> </tbody> </table> </div> </div> </div> </div> </div> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><span id="fs_IXWJISO48G00000000000000000000" style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><span id="fs_XYLZQOHUE800000000000000000000FM">Three</span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><span> </span>months ended<span> </span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><span id="fs_CJB05V38SG00000000000000000000"><span id="fs_1R49KNRJBK00000000000000000000FM">June 30, 2019</span></span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><span> </span>compared to<span> </span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><span id="fs_Q9XRIMMAI800000000000000000000"><span id="fs_XFVPK52Z9C00000000000000000000FM">three</span></span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><span> </span>months ended<span> </span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><span id="fs_3LYGBGONZK00000000000000000000"><span id="fs_70VO059MIO00000000000000000000FM">June 30, 2018</span></span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">: </span></span></p> <div id="t_ft_SSGLMNNA9C00000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt; height: 240px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td style="vertical-align: middle; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span style="border-left: none; border-right: none;"><span><span id="fs_77EYZD18XC00000000000000000000FM">2019</span></span></span></b></span></p> </td> <td style="padding: 0px; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><span style="border-left: none; border-right: none;"><span><span id="fs_8JWC41AWBK00000000000000000000FM">2018</span></span></span></b></span></p> </td> </tr> <tr style="height: 34px;"> <td style="padding: 0px; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="7" style="padding: 0px; vertical-align: bottom; height: 34px;"> <p style="margin: 0pt; text-align: center;"><strong><span style="font-family: 'times new roman', times; font-size: 10pt;"> (in thousands, except per share information) </span></strong></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Basic income (loss) per share </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-top: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-top: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; border-top: 1pt solid #000000; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; width: 71%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Net income (loss) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 12%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">(1,427</span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;">)</td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 12%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 797 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1%; height: 17px;"/> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Weighted average shares outstanding </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">8,108</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,102 </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding: 0px 0px 0px 20px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Basic income (loss) per share </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span>(0.18</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 0.10 </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"/> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Diluted income (loss) per share </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Net income (loss) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(1,427</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 797 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"/> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Weighted average shares outstanding </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">8,108</span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,102 </span></p> </td> <td style="vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Add dilutive effect of assumed exercising of stock options, RSUs and warrants </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">—</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 68 </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 0px 0px 0px 10px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Diluted weighted average shares outstanding </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">8,108</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 8,170 </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; vertical-align: bottom; padding: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 18px;"> <td style="padding: 0px 0px 0px 20px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Diluted income (loss) per share </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">(0.18</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 0.10 </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding: 0px; vertical-align: bottom; height: 18px;"/> </tr> </tbody> </table> </div> -1868000 833000 8108000 8096000 -0.23 0.10 -1868000 833000 8108000 8096000 0 46000 8108000 8142000 -0.23 0.10 -1427000 797000 8108000 8102000 -0.18 0.10 -1427000 797000 8108000 8102000 0 68000 8108000 8170000 -0.18 0.10 <div style="border-right: none; border-left: none;"> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><span id="fs_OQ6XLGD0SW00000000000000000000">NOTE 6 – RELATED PARTY TRANSACTIONS</span></span></p> <p style="font-size: 9pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">During the periods ended <span id="fs_HXWS1GE5TS08C8C8SCCKC0SS4SCS04">June 30, 2019</span> and <span style="border-left: none; border-right: none;"><span id="fs_O0JPFCLI7K00000000000000000000">2018</span></span>, the Company was involved in various transactions with related parties. A summary of transactions and related balances are as follows. The table at the end of this note should be used in referencing all below paragraphs.</span></p> <p style="font-size: 9pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 150%; margin: 0pt; text-align: justify;"><span><span><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; text-decoration: underline;">K&amp;R, LLC ("K&amp;R") and <span id="fs_H6GS89MB0W00000000000000000000fs">7100</span> Grade Lane, LLC ("<span id="fs_CHTTCEMJ0G00000000000000000000fs">7100</span> LLC"):</span></span></span></p> <p style="font-size: 9pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">The Company is involved in various transactions with K&amp;R and <span style="border-left: none; border-right: none;"><span id="fs_D1OR9F6CIO00000000000000000000fs">7100</span></span> LLC, which are wholly-owned by Kletter Holdings LLC, the sole member of which was Harry Kletter, the Company's founder and former Chief Executive Officer. After Mr. Kletter's passing in January 2014, Orson Oliver assumed the roles of executor of Mr. Kletter’s estate and President of Kletter Holdings LLC. Mr. Oliver was the Company's Chairman of the Board and interim Chief Executive Officer from <span id="fs_UFSP45UXUO00000000000000000000fs">2014</span> until his resignation on March 26, 2018. Mr. Oliver continues to be a member of the Company's Board of Directors. As of <span id="fs_KO7YTXD5F4OSCGGGG4WOKW0040084C">June 30, 2019</span>, Mr. Kletter’s estate, K&amp;R and the Harry Kletter Family Limited Partnership, collectively, beneficially own in excess of 20% of the Company's issued and outstanding shares.  </span></p> <p style="font-size: 9pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;">The Company leased a portion of the Louisville, Kentucky facility from <span style="border-left: none; border-right: none;"><span id="fs_T97UB71K1C00000000000000000000fs">7100</span></span> LLC (previously from K&amp;R) under an operating lease, <span style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 16px; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">the "</span><span style="border-left: none; border-right: none;"><span id="fs_Q68OW44AV400000000000000000000fs">7100</span></span><span style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 16px; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"> Prior Lease,"</span> expiring December 2017.<span style="line-height: 115%; color: black; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> Effective October 1, 2017, the Company entered into a new lease agreement with <span id="fs_D3NWA08ADS00000000000000000000fs">7100</span> LLC for the same property (the "<span id="fs_ICMGKZTE7400000000000000000000fs">7100</span> Lease") that terminates and replaces the <span id="fs_F2T1I6NFEO00000000000000000000fs">7100</span> Prior Lease. </span>See <span id="fs_GKKP7G8BZK00000000000000000000">Note 4 – Lease Commitments</span> for additional information relating to the rent and lease agreements with K&amp;R. </span></p> <p style="font-size: 9pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Between <span id="fs_UPHANX7C9S00000000000000000000fs">2013</span> and <span id="fs_SY0EHUQ5OW00000000000000000000fs">2017</span>, the Company borrowed, net of repayments, an amount totaling $1.5 million from K&amp;R and <span id="fs_05CB4LUFFK00000000000000000000fs">7100</span> LLC.  </span></p> <p style="font-size: 9pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">As of <span id="fs_EFTVH97NEOW8S4SKG40884SGW484OW">June 30, 2019</span> and <span style="border-left: none; border-right: none;"><span id="fs_Y3EPWJITV400000000000000000000">2018</span></span>, the Company had balances related to K&amp;R and <span style="border-left: none; border-right: none;"><span id="fs_H23TMYHLPC00000000000000000000fs">7100</span></span> LLC pertaining to refundable lease and property deposits <span style="border-left: none; border-right: none;">due</span> to and from the Company, rents payable from the Company, notes payable <span style="border-left: none; border-right: none;">due</span> from the Company, accrued interest <span style="border-left: none; border-right: none;">due</span> from the Company, interest expense, and rent expense.</span></p> <p style="font-size: 9pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On February 29, 2016, K&amp;R assigned its interest in the <span style="border-left: none; border-right: none;"><span id="fs_RL8MAQI3TS00000000000000000000fs">7100</span></span> Lease to another entity, <span style="border-left: none; border-right: none;"><span id="fs_IE2BIT41CW00000000000000000000fs">7100</span></span> LLC, also controlled by Mr. Kletter’s estate. At that time, the total amount <span style="border-left: none; border-right: none;">due</span> to the estate’s various entities, which amounted to approximately $1.5 million, became a subordinated, unsecured debt (the "Kletter Notes") owed by the Company. A portion of the amount, approximately $620.3 thousand, was owed to K&amp;R, with the remaining amount, approximating $883.8 thousand, owed to <span style="border-left: none; border-right: none;"><span id="fs_K6L05K2VGG00000000000000000000fs">7100</span></span> LLC. </span><span style="font-family: 'times new roman', times; font-size: 10pt;">This amount of $1.5 million represents all net amounts <span style="border-left: none; border-right: none;">due</span> to Kletter estate entities as of February 29, 2016 with the exception of a $32.0 thousand deposit owed by K&amp;R to the Company. If the Company sells property it owns at <span style="border-left: none; border-right: none;"><span id="fs_MKMV4Y2LDS00000000000000000000fs">7110</span></span> Grade Lane in Louisville, Kentucky, the Company shall make a principal payment to K&amp;R of $500.0 thousand. Otherwise, all remaining principal is <span style="border-left: none; border-right: none;">due</span> at maturity. <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The interest rate on the</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </span>Kletter<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Notes was </span>5.0<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%. The maturity date was December 31, 2020. The<span> </span>Kletter Notes were subject to<span> </span>intercreditor agreements between the respective Note holder and<span> </span>MidCap until November 2018 when the<span> </span>MidCap loans were paid off.<span> </span></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><br/></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">On March 1, 2019, the Company entered into first amendments to the<span> </span></span>Kletter<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Notes. The Company made a prepayment in the amount of $500.0 thousand, increased the interest rate of the<span> </span></span>Kletter<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>Notes from 5.0% to 7.0% and extended the maturity date of the<span> </span></span>Kletter<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>Notes from December 31, 2020 to December 31, 2022, among other things. </span></span></span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Until maturity on December 31, 2022, the<span> </span></span>Kletter<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>Notes are subject to<span> </span></span>intercreditor<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>agreements between the respective Note holder and<span> </span></span>BofA<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">.</span></span></p> <p style="font-size: 10pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman', serif; font-size: 10pt;">On June 23,</span><span style="font-family: 'Times New Roman', serif; font-size: 10pt;"> <span id="fs_POBZ6FR50G00000000000000000000fs">2017</span>, the Company entered into two agreements (referred to as the “Handler Agreement” and the “Crane Agreement”) with K&amp;R, each for the purchase of equipment to be used in the operation of the Company’s business</span>. <br/></p> <p style="font-size: 10pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman', serif; font-size: 10pt;">Under the Handler Agreement, the Company purchased a hydraulic scrap handler from K&amp;R for a purchase price of $90.0 thousand, with a $9.0 thousand down payment and a 24-month promissory note ("Handler Note") in the face principal amount of the remaining $81.0 thousand. The Handler Note was interest free and provided for payments in equal monthly installments of $3.4 thousand. Under the Handler Note, payments commenced on July 1, 2017. Upon a default, the Handler Note will bear interest at 1% per annum. </span><br/></p> <p style="font-size: 9pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-family: 'Times New Roman', serif;"><span style="font-size: 10pt;">Under the Crane Agreement, the Company purchased a <span id="fs_IBQYTRFFOG00000000000000000000fs">2011</span> Komatsu crane from K&amp;R for a purchase price of $60.0 thousand, with a $12.0 thousand down payment and a 24-month promissory note ("Crane Note") in the face principal amount of the remaining $48.0 thousand. The Crane Note was interest free and provided for payments in equal monthly installments of $2.0 thousand. Under the Crane Note, payments commenced on July 1, 2017. Upon a default, the Crane Note will bear interest at 1% per annum</span>. </span></span></span><br/></p> <p style="font-size: 9pt; line-height: 1; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman', serif; font-size: 10pt;">The Crane Note and the Handler Note were each secured by a security interest in the subject equipment and any sale proceeds the Company derives from the equipment.  As of June 30, 2019, all amounts related to the Crane Note and the Handler Note were paid.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman', serif; font-size: 10pt;"/><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman', serif; font-size: 10pt;">The Company entered into an agreement and promissory note (the "Back Rent Agreement"), effective October 1, 2017, to pay <span id="fs_7J7SGZT7PC00000000000000000000fs">7100</span> LLC $345.8 thousand for back rent past due and owed under the <span id="fs_2QK2H4UN3K00000000000000000000fs">7100</span> Prior Lease with an initial payment of $100.0 thousand paid at the signing of the Back Rent Agreement with six consecutive monthly payments of $41.0 thousand each, beginning November 1, 2017.</span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 8pt;"> </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; text-decoration: underline;">LK Property Investments LLC ("LK Property"):</span></span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 8pt;"> </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">LK Property is an entity principally owned by Daniel M. Rifkin, CEO of </span>MetalX<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> LLC ("</span>MetalX<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">"), a scrap metal recycling company headquartered in Waterloo, Indiana, and the principal owner of Recycling Capital Partners, LLC ("RCP"). </span>On April 30, 2015, the Company entered into a lease agreement with LK Property, for a portion of the 4.4 acre parcel of real estate located at <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">6709 </span></span>Grade Lane, Louisville, Kentucky in the amount of $3.0 thousand per month. The Company was required to reimburse the lessor for 40% of the property taxes on the parcel during the term. </span>The lease terminated on April <span style="border-left: none; border-right: none;">14, 2019</span>. The Company entered into a four month extension that terminates August 15, 2019. The monthly payment during the extension is $7.5 thousand per month. The Company paid $30.0 thousand at the time of extension for the aggregate rental due for the entire term of the extension. The Company is required to reimburse the lessor for 40% of the property taxes on the parcel during the term.</p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 8pt;"> </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; text-decoration: underline;">MetalX:</span></span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 8pt;"> </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">During <span style="border-left: none; border-right: none;"><span id="fs_WNAWM7L5YO00000000000000000000">2019</span></span>, the Company received revenue from MetalX related to scrap sales. For additional information regarding MetalX, see <span id="fs_QVLL1RAP5S00000000000000000000">Note 9 – Financing and Related Matters</span>.</span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 8pt;"> </p> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span><span style="font-family: 'times new roman', times; font-size: 10pt;">Related party balances, as of the date set forth in the footnotes, are as follows, in thousands:</span></span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 4pt;"> </p> <div style="border-left: none; border-right: none;"> <div> <div style="border-right: none; border-left: none;"> <div id="t_ft_NMSER00Q7K00000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; height: 353px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; text-align: center; border-bottom: 1pt solid #000000; height: 17px; width: 7.11532%;"> <p style="margin: 0pt;"><span style="text-align: center; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <span id="fs_41AY0D350GGGK848S0K4WO0CCGK08W">2019</span></span></p> </td> <td style="padding: 0px; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px; width: 1.92308%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="text-align: center; padding: 0px; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px; width: 7.11532%;"> <p style="margin: 0pt;"><span style="text-align: center; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <span id="fs_6SSBHWDVAOO8WWK4SO4W40K8KWOS0O">2018</span></span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;"> K&amp;R and <span id="fs_PNV3LTYCPS00000000000000000000fs">7100</span> LLC: </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; width: 76.9231%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deposit amounts owed to the Company by related parties </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 5.91716%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_0NMVIKFJ2800000000000000000000fs">1</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px;"> <p style="margin: 0pt; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $  </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">42</span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.92308%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px;"> <p style="margin: 0pt; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $  </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 42 </span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Prepaid expenses to related parties  </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_RMQLDJFPJ400000000000000000000fs">1</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">38</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">43</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; vertical-align: bottom; width: 76.9231%; height: 16px;">Operating lease right-of-use asset</td> <td style="padding: 0px; vertical-align: bottom; width: 5.91716%; text-align: center; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(</span><span><span id="fs_L6Q52T9X8W00000000000000000000fs">4</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 16px; text-align: right;">4,881</td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 1.92308%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 16px; text-align: right;">—</td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 16px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Notes payable to related parties </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_XRUH9LVHW000000000000000000000fs">3</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,004</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,536</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><br/></p> </td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; vertical-align: bottom; width: 76.9231%; height: 16px;">Operating lease liability</td> <td style="padding: 0px; vertical-align: bottom; width: 5.91716%; text-align: center; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(<span id="fs_OPRXK33X3400000000000000000000fs">5</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 16px; text-align: right;">4,881</td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 1.92308%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 16px; text-align: right;">—</td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 16px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Facility rent expense to related parties </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_GO7PYOM2U800000000000000000000fs">6</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">225</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">225</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; width: 76.9231%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest expense to related parties  </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 5.91716%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_0S82Z2I8CG00000000000000000000fs">6</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span></td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">36</span></p> </td> <td style="vertical-align: bottom; width: 1.4881%; padding: 0px; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span></td> <td style="padding: 0px; vertical-align: bottom; width: 1.92308%; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span></td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span></td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 38</span></p> </td> <td style="vertical-align: bottom; width: 1.4881%; padding: 0px; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt; line-height: 1;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;"> LK Property: </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%;"/> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%;"/> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Lease deposit to LK Property </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_0G5NAW1I6800000000000000000000fs">1</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $  </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $  </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 3 </span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; width: 76.9231%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Prepaid expenses to related parties  </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 5.91716%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_4NEBMACVGG00000000000000000000fs">1</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11</span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.92308%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3</span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; width: 76.9231%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Accounts payable to LK Property </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 5.91716%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_F7U9XMPVU800000000000000000000fs">2</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2 </span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.92308%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2 </span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Rent expense to LK Property* </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_TBHX347KB400000000000000000000fs">6</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">22</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">18</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt; line-height: 1;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;"> MetalX: </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Revenue from product sales to MetalX </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_E7YK5EVEO000000000000000000000fs">6</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">49</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">—</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">    </span></p> </td> </tr> </tbody> </table> </div> </div> </div> <p style="line-height: 1; margin-top: 5px; margin-bottom: 5px;"><span style="font-size: 10pt; text-align: justify;">*Excludes amounts reimbursed to LK Property for utilities and property tax.</span><br/></p> </div> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 4pt;"> </p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 13.5pt; text-indent: -13.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(<span id="fs_T22F312PLSG4OOO8WCO0OGCKCWWGCC">1</span>) Included in receivable and other assets from related parties on the Condensed Consolidated Balance Sheets; balances are as of <span id="fs_H8SG31DRW0SSSW4WOOS04KWWSKSS8S">June 30, 2019</span> and <span id="fs_S3FLTZUPFKWC4GK408GOWOWK0K0S8S">December 31, 2018</span>.</span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 13.5pt; text-indent: -13.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(<span id="fs_L48HYC2MTC044OWGS4SOS4W4CWCK0K">2</span>) Included in payable and accrued expenses to related parties on the Condensed Consolidated Balance Sheets; balances are as of <span id="fs_7OQI3FMXCGC0WKKK8S008S008CSO4W">June 30, 2019</span> and <span id="fs_78LDG62IK0SW0S08SOC8C00S8W8S8S">December 31, 2018</span>.</span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 13.5pt; text-indent: -13.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(<span id="fs_OJFPXUG6Z4C4488GW884G8G8K4G800">3</span>) Included in current maturities of long-term debt, related parties and long-term debt, related parties on the Condensed Consolidated Balance Sheets; balance is as of <span id="fs_FWU0F1DF8WSSK8WK0OWGW0GWOOGSC0">June 30, 2019</span> and <span id="fs_WQVRNXBKRKKG8S004GS8GO8KWG8840">December 31, 2018</span>.</span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 13.5pt; text-indent: -13.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(<span id="fs_ZL074SQUDS00000000000000000000fs">4</span>) Included in operating lease right-of-use assets, related parties on the Condensed Consolidated Balance Sheets; balances are as of <span id="fs_958BI6WRXS00000000000000000000FM">June 30, 2019</span> and <span id="fs_6AQL9BOEC000000000000000000000FM">December 31, 2018</span>.</span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 13.5pt; text-indent: -13.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(<span id="fs_HKD759LQ8W00000000000000000000fs">5</span>) Included in current maturities of operating lease liabilities and operating lease liabilities, related parties on <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">the Condensed Consolidated Balance Sheets; balances are as of<span> </span></span><span><span id="fs_7N5Q2US76800000000000000000000FM">June 30, 2019</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>and<span> </span></span><span><span id="fs_GFDDWSV7DS00000000000000000000FM">December 31, 2018</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">.</span></span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 13.5pt; text-indent: -13.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(<span id="fs_8W5FCR8DUOG48CC0SGKOGW8SKOW4KW">6</span>) Included in the Condensed Consolidated Statements of Operations; amounts are for the <span id="fs_L4L41TLUVK00000000000000000000">six</span> months ended <span id="fs_HI6YL45WUO8G4K4GWS04SOO8KS0C0C">June 30, 2019</span> and <span id="fs_QZSLJRSHV4SWGGOWCSKK0CKKW4CSCC">June 30, 2018</span>.</span></p> </div> </div> </div> 0.20 1500000 1500000 620300 883800 1500000 32000.0 500000.0 0.050 500000.0 0.050 0.070 2 90000.0 9000.0 P24M 81000.0 3400 0.01 60000.0 12000.0 P24M 48000.0 2000.0 0.01 345800 100000.0 6 41000.0 4.4 3000.0 0.40 P4M 7500 30000.0 0.40 <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span><span style="font-family: 'times new roman', times; font-size: 10pt;">Related party balances, as of the date set forth in the footnotes, are as follows, in thousands:</span></span></p> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 4pt;"> </p> <div style="border-left: none; border-right: none;"> <div> <div style="border-right: none; border-left: none;"> <div id="t_ft_NMSER00Q7K00000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; height: 353px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 0px; vertical-align: bottom; text-align: center; border-bottom: 1pt solid #000000; height: 17px; width: 7.11532%;"> <p style="margin: 0pt;"><span style="text-align: center; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <span id="fs_41AY0D350GGGK848S0K4WO0CCGK08W">2019</span></span></p> </td> <td style="padding: 0px; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px; width: 1.92308%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="text-align: center; padding: 0px; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px; width: 7.11532%;"> <p style="margin: 0pt;"><span style="text-align: center; font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"> <span id="fs_6SSBHWDVAOO8WWK4SO4W40K8KWOS0O">2018</span></span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;"> K&amp;R and <span id="fs_PNV3LTYCPS00000000000000000000fs">7100</span> LLC: </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; width: 76.9231%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Deposit amounts owed to the Company by related parties </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 5.91716%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_0NMVIKFJ2800000000000000000000fs">1</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px;"> <p style="margin: 0pt; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $  </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">42</span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.92308%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px;"> <p style="margin: 0pt; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $  </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 42 </span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Prepaid expenses to related parties  </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_RMQLDJFPJ400000000000000000000fs">1</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">38</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">43</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span></td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; vertical-align: bottom; width: 76.9231%; height: 16px;">Operating lease right-of-use asset</td> <td style="padding: 0px; vertical-align: bottom; width: 5.91716%; text-align: center; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(</span><span><span id="fs_L6Q52T9X8W00000000000000000000fs">4</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 16px; text-align: right;">4,881</td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 1.92308%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 16px; text-align: right;">—</td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 16px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Notes payable to related parties </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_XRUH9LVHW000000000000000000000fs">3</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,004</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">1,536</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><br/></p> </td> </tr> <tr style="height: 16px;"> <td style="padding: 0px; vertical-align: bottom; width: 76.9231%; height: 16px;">Operating lease liability</td> <td style="padding: 0px; vertical-align: bottom; width: 5.91716%; text-align: center; height: 16px;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(<span id="fs_OPRXK33X3400000000000000000000fs">5</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">)</span></td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 16px; text-align: right;">4,881</td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 1.92308%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 16px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 16px; text-align: right;">—</td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 16px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Facility rent expense to related parties </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_GO7PYOM2U800000000000000000000fs">6</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">225</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">225</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; width: 76.9231%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Interest expense to related parties  </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 5.91716%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_0S82Z2I8CG00000000000000000000fs">6</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span></td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">36</span></p> </td> <td style="vertical-align: bottom; width: 1.4881%; padding: 0px; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span></td> <td style="padding: 0px; vertical-align: bottom; width: 1.92308%; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span></td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span></td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 38</span></p> </td> <td style="vertical-align: bottom; width: 1.4881%; padding: 0px; height: 17px;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt; line-height: 1;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;"> LK Property: </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%;"/> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%;"/> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Lease deposit to LK Property </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_0G5NAW1I6800000000000000000000fs">1</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $  </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: left;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> $  </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 3 </span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; width: 76.9231%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Prepaid expenses to related parties  </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 5.91716%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_4NEBMACVGG00000000000000000000fs">1</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">11</span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.92308%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">3</span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; width: 76.9231%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Accounts payable to LK Property </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 5.91716%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_F7U9XMPVU800000000000000000000fs">2</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2 </span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.92308%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 1.62722%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; width: 4%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> 2 </span></p> </td> <td style="vertical-align: bottom; padding: 0px; width: 1.4881%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Rent expense to LK Property* </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_TBHX347KB400000000000000000000fs">6</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">22</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">18</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt; line-height: 1;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold; text-decoration: underline;"> MetalX: </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.4881%;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 76.9231%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> Revenue from product sales to MetalX </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 5.91716%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> (<span id="fs_E7YK5EVEO000000000000000000000fs">6</span>) </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">49</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.92308%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.62722%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 4%; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'times new roman', times; font-size: 10pt;">—</span></p> </td> <td style="vertical-align: bottom; padding: 0px; height: 17px; width: 1.4881%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt;">    </span></p> </td> </tr> </tbody> </table> </div> </div> </div> <p style="line-height: 1; margin-top: 5px; margin-bottom: 5px;"><span style="font-size: 10pt; text-align: justify;">*Excludes amounts reimbursed to LK Property for utilities and property tax.</span><br/></p> </div> <p style="margin: 0px; clear: left; font-family: 'times new roman'; font-size: 4pt;"> </p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 13.5pt; text-indent: -13.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(<span id="fs_T22F312PLSG4OOO8WCO0OGCKCWWGCC">1</span>) Included in receivable and other assets from related parties on the Condensed Consolidated Balance Sheets; balances are as of <span id="fs_H8SG31DRW0SSSW4WOOS04KWWSKSS8S">June 30, 2019</span> and <span id="fs_S3FLTZUPFKWC4GK408GOWOWK0K0S8S">December 31, 2018</span>.</span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 13.5pt; text-indent: -13.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(<span id="fs_L48HYC2MTC044OWGS4SOS4W4CWCK0K">2</span>) Included in payable and accrued expenses to related parties on the Condensed Consolidated Balance Sheets; balances are as of <span id="fs_7OQI3FMXCGC0WKKK8S008S008CSO4W">June 30, 2019</span> and <span id="fs_78LDG62IK0SW0S08SOC8C00S8W8S8S">December 31, 2018</span>.</span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 13.5pt; text-indent: -13.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(<span id="fs_OJFPXUG6Z4C4488GW884G8G8K4G800">3</span>) Included in current maturities of long-term debt, related parties and long-term debt, related parties on the Condensed Consolidated Balance Sheets; balance is as of <span id="fs_FWU0F1DF8WSSK8WK0OWGW0GWOOGSC0">June 30, 2019</span> and <span id="fs_WQVRNXBKRKKG8S004GS8GO8KWG8840">December 31, 2018</span>.</span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 13.5pt; text-indent: -13.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(<span id="fs_ZL074SQUDS00000000000000000000fs">4</span>) Included in operating lease right-of-use assets, related parties on the Condensed Consolidated Balance Sheets; balances are as of <span id="fs_958BI6WRXS00000000000000000000FM">June 30, 2019</span> and <span id="fs_6AQL9BOEC000000000000000000000FM">December 31, 2018</span>.</span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 13.5pt; text-indent: -13.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(<span id="fs_HKD759LQ8W00000000000000000000fs">5</span>) Included in current maturities of operating lease liabilities and operating lease liabilities, related parties on <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">the Condensed Consolidated Balance Sheets; balances are as of<span> </span></span><span><span id="fs_7N5Q2US76800000000000000000000FM">June 30, 2019</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>and<span> </span></span><span><span id="fs_GFDDWSV7DS00000000000000000000FM">December 31, 2018</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -18px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">.</span></span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 13.5pt; text-indent: -13.5pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">(<span id="fs_8W5FCR8DUOG48CC0SGKOGW8SKOW4KW">6</span>) Included in the Condensed Consolidated Statements of Operations; amounts are for the <span id="fs_L4L41TLUVK00000000000000000000">six</span> months ended <span id="fs_HI6YL45WUO8G4K4GWS04SOO8KS0C0C">June 30, 2019</span> and <span id="fs_QZSLJRSHV4SWGGOWCSKK0CKKW4CSCC">June 30, 2018</span>.</span></p> 42000 42000 38000 43000 4881000 0 1004000 1536000 4881000 0 225000 225000 36000 38000 3000 3000 11000 3000 2000 2000 22000 18000 49000 0 <p style="font-size: 10pt; line-height: 120%; margin: 0pt; font-family: 'Times New Roman'; font-weight: bold; text-align: left;"><span><span><span id="fs_8I137IGTGG00000000000000000000">NOTE 7 – SHARE-BASED COMPENSATION AND OTHER COMPENSATION AGREEMENTS</span></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><span>Following is a summary of stock option activity and number of shares reserved for outstanding options</span>:</span></p> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 210px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="vertical-align: middle; width: 43%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 13%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1.47929%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 11%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 11%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 12%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 85px;"> <td style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 85px; width: 43%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Options </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 85px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 85px; width: 14.4793%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;"> N</span><strong>umber of shares</strong></span></p> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(in thousands) </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 85px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 85px; width: 13%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Weighted Average Exercise Price per Share </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 85px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 85px; width: 12%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Weighted Average Remaining Contractual Term </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 85px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 85px; width: 14%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Weighted Average Grant Date Fair Value </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 43%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Outstanding at <span id="fs_7NNUHUGCM8KCGOC44884O4GC84K4CO">December 31, 2017</span> </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 382 </span></p> </td> <td style="border-top: 0.75pt solid #000000; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 4.70 </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 1.41 years </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 2.57 </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 43%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Issued </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 10px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">31</span></p> </td> <td style="vertical-align: bottom; padding: 0px 0px 2px; height: 10px; border-bottom: 1pt solid #000000; width: 1.47929%;"/> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 10px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 2.46 </span></p> </td> <td style="vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 10px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 4.24 years </span></p> </td> <td style="vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">    </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 10px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 1.61 </span></p> </td> <td style="vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 43%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Outstanding at <span id="fs_0SBUJGSWN44O4OSCOWG0WG8G44CKGW">December 31, 2018</span> </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 413 </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-top: 1pt solid #000000; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-top: 1pt solid #000000; background-color: #cceeff; height: 17px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 4.53 </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 0.70 years </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 2.49 </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 43%;"> <p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Issued </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">62</span></p> </td> <td style="vertical-align: bottom; padding: 0px 0px 2px; height: 17px; width: 1.47929%;"/> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"><span>1.27</span></span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"><span><span style="border-left: none; border-right: none;">4.71 years</span></span></span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"><span>0.80</span></span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 10px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 43%;"> <p>Expired</p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; text-align: right; background-color: #cceeff; height: 10px; width: 13%;">(322</td> <td style="vertical-align: bottom; border-bottom: 1pt solid #000000; padding: 0px 0px 2px; background-color: #cceeff; height: 10px; width: 1.47929%;">)</td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; border-bottom: 1pt solid #000000; background-color: #cceeff; height: 10px;"><br/></td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid #000000; text-align: right; background-color: #cceeff; height: 10px;">4.57</td> <td style="vertical-align: bottom; border-bottom: 1pt solid #000000; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid #000000; text-align: right; background-color: #cceeff; height: 10px;"><span id="fs_4SNUM4G4GG00000000000000000000FM">—</span> years</td> <td style="vertical-align: bottom; border-bottom: 1pt solid #000000; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; border-bottom: 1pt solid #000000; background-color: #cceeff; height: 10px;"><br/></td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; border-bottom: 1pt solid #000000; text-align: right; background-color: #cceeff; height: 10px;">2.51</td> <td style="vertical-align: bottom; border-bottom: 1pt solid #000000; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 43%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Outstanding at <span id="fs_10BR9MR600GGW4C844OCG0C0K8GSSC">June 30, 2019</span> </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">153</span></p> </td> <td style="vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">3.13</span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">2.78 years </span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">1.77</span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 10px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 43%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Exercisable at <span id="fs_CFAYS8MNMOGG8SG4OGG848OO0KOO0O">June 30, 2019</span> </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">70</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">4.97</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">0.80 years </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">2.66</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 43%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Securities available for grant at <span id="fs_24PZSMKAM84SOGSCSW040S8OS8O444">June 30, 2019</span>*</span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 10px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 1,796 </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; height: 10px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 13%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 14%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> </tr> </tbody> </table> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">*Securities available for grant include securities available for stock option grants and RSUs. In accordance with the terms of the LTIP, the last date upon which the Committee could grant new awards was July 1, 2019, the ten-year anniversary of the effective date of the LTIP.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt; font-style: italic; text-decoration: underline;">Option Grants:</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">On March 28, 2018, the Company awarded options to purchase 31.0 thousand shares of the Company's common stock to its Chief Executive Officer. These options are scheduled to vest over a <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">three year</span></span> period, with <span style="-sec-ix-hidden:Tag847"><span style="border-left: none; border-right: none;"><span id="fs_SF2CMODXTC00000000000000000000fs">1</span></span>/<span style="border-left: none; border-right: none;"><span id="fs_6NGAE5AXF400000000000000000000fs">3</span></span></span> vesting on the first anniversary of the grant date and <span style="-sec-ix-hidden:Tag846"><span style="border-left: none; border-right: none;"><span id="fs_DHTJ3NE21S00000000000000000000fs">1</span></span>/<span style="border-left: none; border-right: none;"><span id="fs_7S6DBLOJR400000000000000000000fs">3</span></span></span> every <span style="border-left: none; border-right: none;"><span id="fs_ILHWAEJ54W00000000000000000000fs">twelve</span></span> months thereafter until the <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span id="fs_3Y9MUU7KG000000000000000000000fs">three</span></span></span> year anniversary of the grant date. The exercise price per share of the options is $2.46, the fair value of the underlying common stock as of the grant date. The options expire March 26, 2023. </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">On March 15, 2019, the Company awarded options to purchase<span> </span></span><span>62.1</span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>thousand shares of the Company's common stock to its Chief Executive Officer. These options are scheduled to vest over a<span> </span></span><span style="border-left: none; border-right: none;"><span><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">three year</span> </span></span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">period, with<span> </span></span><span><span style="border-right: none; border-left: none;"><span style="-sec-ix-hidden:Tag857"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span id="fs_YW5FFO47PC00000000000000000000fs">1</span></span></span></span>/<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span id="fs_0532UYVESG00000000000000000000fs">3</span></span></span></span></span></span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>vesting on the first anniversary of the grant date and<span> </span></span><span><span style="border-right: none; border-left: none;"><span style="-sec-ix-hidden:Tag858"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span id="fs_273CMD1WJK00000000000000000000fs">1</span></span></span></span>/<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span id="fs_QKHTDPCCN400000000000000000000fs">3</span></span></span></span></span></span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>every<span> </span></span><span><span style="border-left: none; border-right: none;"><span id="fs_96BMWTXWKG00000000000000000000fs">twelve</span></span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>months thereafter until the<span> </span></span><span style="border-left: none; border-right: none;"><span><span style="border-left: none; border-right: none;"><span id="fs_O7CDIPRDC000000000000000000000fs">three</span></span></span></span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>year anniversary of the grant date. The exercise price per share of the options is $</span><span>1.27</span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">, the fair value of the underlying common stock as of the grant date. The options expire March 15, 2024. </span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><br/></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">On January 15, 2019, 30.0 thousand options awarded to a former Director with an exercise price of $3.47 and a grant date fair value of $1.98 expired. On May 15, 2019, 292.0 thousand options awarded to former and current Directors with an exercise price of $4.68 and a grant date fair value of $2.57 expired.</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: left;"><span style="font-family: Times New Roman; font-size: 10pt;">The <span>weighted</span> average assumptions relating to the valuation of the Company's stock options awarded in <span id="fs_URIX0CZLZ400000000000000000000">2019</span> and <span id="fs_DSTLVITG2800000000000000000000FM">2018</span> are shown below.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_RRW2ETIUTS00000000000000000000b"> <table cellpadding="0" style="height: 96px; border-collapse: collapse; margin: 0px auto; width: 100%; font-family: 'times new roman'; font-size: 10pt;" width="100%"> <tbody> <tr style="height: 16px;"> <td style="padding: 2px; width: 60.7264%; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; width: 1.75131%; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1pt solid #000000; padding: 0px; width: 1.93517%; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1pt solid #000000; padding: 0px; text-align: center; width: 12.955%; height: 16px;"><span><strong><span style="font-family: 'times new roman', times; font-size: 10pt;"><span id="fs_NKW2GTOHCW00000000000000000000">2019</span></span></strong></span></td> <td style="border-bottom: 1pt solid #000000; padding: 0px; width: 2.59688%; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; width: 1.75131%; height: 16px;"><br/></td> <td style="border-bottom: 1pt solid #000000; padding: 0px; width: 1.66881%; height: 16px;"><br/></td> <td style="border-bottom: 1pt solid #000000; padding: 0px; width: 10.0937%; height: 16px; text-align: center;"><strong style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span><span style="border-left: none; border-right: none;"><span id="fs_LOI0758J0G00000000000000000000FM">2018</span></span></span></span></strong></td> <td style="border-bottom: 1pt solid #000000; padding: 0px; width: 2.53809%; height: 16px;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 16px;"> <td style="background-color: #cceeff; width: 60.7264%; padding: 2px; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Weighted average grant-date fair value per option</span></td> <td style="background-color: #cceeff; width: 1.75131%; padding: 2px; height: 16px;"/> <td style="background-color: #cceeff; width: 1.93517%; padding: 0px; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">$</span></td> <td style="text-align: right; background-color: #cceeff; width: 12.955%; font-family: 'Times New Roman'; font-size: 10pt; padding: 0px; height: 16px;">0.80</td> <td style="background-color: #cceeff; width: 2.59688%; padding: 0px; height: 16px;"/> <td style="background-color: #cceeff; width: 1.75131%; padding: 0px; height: 16px;"><br/></td> <td style="background-color: #cceeff; width: 1.66881%; padding: 0px; height: 16px;">$</td> <td style="background-color: #cceeff; width: 10.0937%; padding: 0px; text-align: right; height: 16px;">1.61</td> <td style="background-color: #cceeff; width: 2.53809%; padding: 0px; height: 16px;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 2px; width: 60.7264%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Volatility</span></td> <td style="padding: 2px; width: 1.75131%; height: 16px;"><br/></td> <td style="padding: 0px; width: 1.93517%; height: 16px;"><br/></td> <td style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt; padding: 0px; width: 12.955%; height: 16px;">77.00</td> <td style="padding: 0px; width: 2.59688%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">%</span></td> <td style="padding: 0px; width: 1.75131%; height: 16px;"><br/></td> <td style="padding: 0px; width: 1.66881%; height: 16px;"><br/></td> <td style="padding: 0px; width: 10.0937%; text-align: right; height: 16px;">80.40</td> <td style="padding: 0px; width: 2.53809%; height: 16px;">%</td> </tr> <tr style="background-color: #cceeff; height: 16px;"> <td style="background-color: #cceeff; padding: 2px; width: 60.7264%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Risk-free interest rate</span></td> <td style="background-color: #cceeff; padding: 0px; width: 1.75131%; height: 16px;"><br/></td> <td style="background-color: #cceeff; padding: 0px; width: 1.93517%; height: 16px;"><br/></td> <td style="text-align: right; background-color: #cceeff; font-family: 'Times New Roman'; font-size: 10pt; padding: 0px; width: 12.955%; height: 16px;">2.40</td> <td style="background-color: #cceeff; padding: 0px; width: 2.59688%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">%</span></td> <td style="background-color: #cceeff; padding: 0px; width: 1.75131%; height: 16px;"><br/></td> <td style="background-color: #cceeff; padding: 0px; width: 1.66881%; height: 16px;"><br/></td> <td style="background-color: #cceeff; padding: 0px; width: 10.0937%; text-align: right; height: 16px;">2.59</td> <td style="background-color: #cceeff; padding: 0px; width: 2.53809%; height: 16px;">%</td> </tr> <tr style="height: 16px;"> <td style="padding: 2px; width: 60.7264%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Expected life (in years)</span></td> <td style="padding: 0px; width: 1.75131%; height: 16px;"><br/></td> <td style="padding: 0px; width: 1.93517%; height: 16px;"><br/></td> <td style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt; padding: 0px; width: 12.955%; height: 16px;">5.00</td> <td style="padding: 0px; width: 2.59688%; height: 16px;"><br/></td> <td style="padding: 0px; width: 1.75131%; height: 16px;"><br/></td> <td style="padding: 0px; width: 1.66881%; height: 16px;"><br/></td> <td style="padding: 0px; width: 10.0937%; text-align: right; height: 16px;">5.00</td> <td style="padding: 0px; width: 2.53809%; height: 16px;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 16px;"> <td style="background-color: #cceeff; padding: 2px; width: 60.7264%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Expected dividend yield</span></td> <td style="background-color: #cceeff; padding: 0px; width: 1.75131%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> </span></td> <td style="background-color: #cceeff; padding: 0px; width: 1.93517%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; background-color: #cceeff; font-family: 'Times New Roman'; font-size: 10pt; padding: 0px; width: 12.955%; height: 16px;">—<br/></td> <td style="background-color: #cceeff; padding: 0px; width: 2.59688%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">%</span></td> <td style="background-color: #cceeff; padding: 0px; width: 1.75131%; height: 16px;"><br/></td> <td style="background-color: #cceeff; padding: 0px; width: 1.66881%; height: 16px;"><br/></td> <td style="background-color: #cceeff; padding: 0px; width: 10.0937%; text-align: right; height: 16px;">—</td> <td style="background-color: #cceeff; padding: 0px; width: 2.53809%; height: 16px;">%</td> </tr> </tbody> </table> </div> </div> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt; font-style: italic; text-decoration: underline;">Restricted Stock Unit Grants:</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">On March 29, 2016, the Compensation Committee granted</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">11.4 thousand RSUs to an employee under the LTIP pursuant to an RSU agreement.</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">The grant date fair value is based on the Company's closing common stock price on the day immediately prior to the date of grant.</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">The grant date fair value was</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">$32.0 thousand and the expense was recognized beginning in the second quarter of <span id="fs_4SCD3UFB5S00000000000000000000">2016</span>.</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">Each RSU vested on March 29, 2018 and represented the right to receive one share of the Company's common stock upon the vesting of the RSU, subject to the terms and conditions set forth in the RSU Agreement and the Plan.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <div class="pageBreak"> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">On June 15, 2016, at the Company's annual meeting, the Company's shareholders approved a<span> </span><span id="fs_5OIIMX47B400000000000000000000">one</span>-time stock option exchange for the CFO as an alternative to a direct repricing of options previously granted to the CFO. The stock option exchange allowed the Company to cancel<span> </span>170.0<span> </span>thousand stock options, including<span> </span><span>20.0 thousand</span><span> </span>granted in January 2015, previously granted to the CFO in exchange for the grant of<span> </span>90.0<span> </span>thousand RSUs to the CFO. </span><span><span style="font-family: 'Times New Roman';"><span style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 16px; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Times New Roman';">T</span></span><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 16px; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Times New Roman';"><span style="font-family: 'Times New Roman', serif; color: #000000;">he RSUs vested over a period ending June 15, 2018. <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 16px; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">Each RSU represented the right to receive one share of the Company's common stock upon the vesting of the RSU, subject to the terms and conditions set forth in the RSU Agreement and the Plan. The CFO continued his employment with the Company through the end of the agreement and the related <span>90.0 thousand</span> RSUs vested and became nonforfeitable. </span></span></span></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">On March 28, 2018, the Company granted an aggregate of 18.0 thousand RSUs to six employees under the LTIP pursuant to RSU agreements. The grant date fair value is based on the Company's closing common stock price on the date one day prior to grant. The grant date fair value was $44.3 thousand and was recognized as expense beginning in the second quarter of <span id="fs_K1JWU9QTZ400000000000000000000">2018</span>. Each RSU vests on March 26, 2021 and represents the right to receive one share of the Company's common stock upon the vesting of the RSU, subject to the terms and conditions set forth in the RSU agreements and the LTIP.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">On March 28, 2018, the Company granted 40.6 thousand<span> </span></span>RSUs<span style="font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> to the CEO under the LTIP pursuant to an RSU agreement. The grant date fair value is based on the Company's closing common stock price on the date one day prior to grant. The grant date fair value was $100.0 thousand and was recognized as expense beginning in the second quarter of <span id="fs_AT49AQW5S000000000000000000000">2018</span>. Each RSU vests on March 26, 2021 and represents the right to receive one share of the Company's common stock upon the vesting of the RSU, subject to the terms and conditions set forth in the RSU agreement and the LTIP.</span> </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On July 9, 2018, the Compensation Committee of the Board of Directors of the Company granted each of the <span>four</span> non-employee directors <span>13.2</span> thousand RSUs in accordance with an RSU Grant Agreement pursuant to the Company's <span><span id="fs_532WC9CBXS00000000000000000000fs">2009</span></span> LTIP, as amended. The grants followed the election of the non-employee directors at the annual meeting of shareholders of the Company on July 9, 2018. The grant date fair value is based on the Company's closing common stock price on the date <span style="border-left: none; border-right: none;">one day</span> prior to grant. The grant date fair value was $<span>100.0</span> thousand and was recognized as expense beginning in the first quarter of <span><span id="fs_TBVPU5VQV400000000000000000000fs">2018</span></span>. Each RSU vests on July 9, 2019 and represents the right to receive <span>one</span> share of the Company's common stock upon the vesting of the RSU, subject to the terms and conditions set forth in the RSU agreement and the LTIP.</span><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"/><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">On March 15, 2019, the Company granted an aggregate of <span>30.0</span><span> </span>thousand<span> </span>RSUs to<span> </span><span>six</span><span> </span>employees under the LTIP pursuant to RSU agreements. The grant date fair value is based on the Company's closing common stock price on the date<span> </span><span>one day </span>prior to grant. The grant date fair value was $<span>38.1</span><span> </span>thousand and will be recognized as expense beginning in the second quarter of<span> </span><span><span id="fs_2WUAX3FMHC00000000000000000000fs">2019</span></span>. Each RSU vests on March 15, 2022 and represents the right to receive<span> </span><span>one</span><span> </span>share of the Company's common stock upon the vesting of the RSU, subject to the terms and conditions set forth in the RSU agreements and the LTIP.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">On March 15, 2019, the Company granted<span> </span><span>78.7</span><span> </span>thousand<span> </span></span>RSUs<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> to the CEO under the LTIP pursuant to an RSU agreement. The grant date fair value is based on the Company's closing common stock price on the date<span> </span><span>one day </span>prior to grant. The grant date fair value was $<span>100.0</span><span> </span>thousand and will be recognized as expense beginning in the second quarter of<span> </span><span><span id="fs_FCH095SC8000000000000000000000fs">2019</span></span>. Each RSU vests on March 15, 2022 and represents the right to receive<span> </span><span>one</span><span> </span>share of the Company's common stock upon the vesting of the RSU, subject to the terms and conditions set forth in the RSU agreement and the LTIP.</span>  </p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 16px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">F<span>ollowing is a summary of RSU activit</span>y:</span></p> <div id="t_ft_AWLVLEDX3400000000000000000000"> <table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; margin-left: auto; margin-right: auto; width: 100%; border-collapse: collapse; text-align: left; height: 154px;" width="100%"> <tbody> <tr style="height: 16px;"> <td style="width: 43%; height: 16px;"/> <td style="width: 1%; height: 16px;"/> <td style="width: 13%; height: 16px;"/> <td style="width: 1.48148%; height: 16px;"/> <td style="width: 1%; height: 16px;"/> <td style="width: 11%; height: 16px;"/> <td style="width: 1%; height: 16px;"/> <td style="width: 1%; height: 16px;"/> <td style="width: 1%; height: 16px;"/> <td style="width: 12%; height: 16px;"/> <td style="width: 1.4881%; height: 16px;"/> </tr> <tr style="height: 42px;"> <td style="vertical-align: bottom; border-bottom: 1px solid #000000; padding: 2px; width: 43%; height: 42px;"> <div style="text-align: center; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt; font-weight: bold;">Restricted Stock Units</span></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 42px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 1px solid #000000; padding: 2px; width: 14.4815%; height: 42px;"> <div style="text-align: center; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt; font-weight: bold;">Number of shares</span></div> <div style="text-align: center; font-size: 10pt;"><strong>(in thousands)</strong></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 42px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 1px solid #000000; padding: 2px; width: 12%; height: 42px;"> <div style="text-align: center; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt; font-weight: bold;">Weighted Average Remaining Contractual Term</span></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 42px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td colspan="3" style="vertical-align: bottom; border-bottom: 1px solid #000000; padding: 2px; width: 14.4881%; height: 42px;"> <div style="text-align: center; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt; font-weight: bold;">Weighted Average Grant Date Fair Value</span></div> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="vertical-align: bottom; padding: 2px; width: 43%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Outstanding at <span id="fs_FFBIAV3X1C00000000000000000000FM">December 31, 2017</span></span></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 13%; height: 16px; background-color: #cceeff;"> <div style="text-align: right;">23</div> </td> <td style="vertical-align: bottom; width: 1.48148%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; text-align: right; width: 11%; height: 16px; background-color: #cceeff;">0.35 years</td> <td style="vertical-align: bottom; width: 1%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;">$</div> </td> <td style="vertical-align: bottom; padding-top: 2px; padding-bottom: 2px; width: 12%; height: 16px; background-color: #cceeff;"> <div style="text-align: right;">2.37</div> </td> <td style="vertical-align: bottom; width: 1.4881%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> </tr> <tr style="height: 16px;"> <td style="vertical-align: bottom; padding: 2px; width: 43%; height: 16px;"> <div style="text-align: left; font-size: 10pt;">Granted</div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 13%; height: 16px;"> <div style="text-align: right;">112</div> </td> <td style="vertical-align: bottom; width: 1.48148%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; text-align: right; width: 11%; height: 16px;">1.43 years</td> <td style="vertical-align: bottom; width: 1%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 1%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-top: 2px; padding-bottom: 2px; width: 12%; height: 16px;"> <div style="text-align: right;">2.19</div> </td> <td style="vertical-align: bottom; width: 1.4881%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="vertical-align: bottom; padding: 2px; width: 43%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;">Vested</div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 13%; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <div style="text-align: right;">(23</div> </td> <td style="width: 1.48148%; height: 16px; background-color: #cceeff; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="middle">)</td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; text-align: right; width: 11%; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span id="fs_QZ62MB7SLS00000000000000000000FM">—</span> years</td> <td style="vertical-align: bottom; width: 1%; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-top: 2px; padding-bottom: 2px; width: 12%; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <div style="text-align: right;">2.37</div> </td> <td style="vertical-align: bottom; width: 1.4881%; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> </tr> <tr style="height: 16px;"> <td style="vertical-align: bottom; padding: 2px; width: 43%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt; font-weight: bold;">Outstanding at <span id="fs_6T3T14XJY8WCKCOKCOGG888CGCC440">December 31, 2018</span></span></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 13%; height: 16px;"> <div style="text-align: right;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">112</span></div> </td> <td style="vertical-align: bottom; width: 1.48148%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"/><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; text-align: right; width: 11%; height: 16px;"><span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">1.43 years</span></span></td> <td style="vertical-align: bottom; width: 1%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"/><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 1%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;">$</span></div> </td> <td style="vertical-align: bottom; padding-top: 2px; padding-bottom: 2px; width: 12%; height: 16px;"> <div style="text-align: right;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">2.19</span></div> </td> <td style="vertical-align: bottom; width: 1.4881%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"/><br/></div> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="vertical-align: bottom; padding: 2px; width: 43%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;">Granted</div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 13%; height: 16px; background-color: #cceeff;"> <div style="text-align: right;">109</div> </td> <td style="vertical-align: bottom; padding: 0px 0px 2px; width: 1.48148%; height: 16px; background-color: #cceeff;"> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; text-align: right; width: 11%; height: 16px; background-color: #cceeff;"> <div><span style="font-family: inherit; font-size: 10pt;"><span>2.71 years</span></span></div> </td> <td style="vertical-align: bottom; width: 1%; height: 16px; background-color: #cceeff;"> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-top: 2px; padding-bottom: 2px; text-align: right; width: 12%; height: 16px; background-color: #cceeff;"> <div><span style="font-family: 'times new roman', times; font-size: 10pt;"><span>1.27</span></span></div> </td> <td style="vertical-align: bottom; width: 1.4881%; height: 16px; background-color: #cceeff;"> </td> </tr> <tr style="height: 16px;"> <td style="vertical-align: bottom; padding: 2px; width: 43%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt; font-weight: bold;">Outstanding at <span id="fs_FT736W24LC4GCGWKKWWKK88C844K8C">June 30, 2019</span></span></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; width: 13%; height: 16px;"> <div style="text-align: right;">221</div> </td> <td style="vertical-align: bottom; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; width: 1.48148%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"/><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; text-align: right; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; width: 11%; height: 16px;"> <div><span style="font-family: inherit; font-size: 10pt;">1.81 years</span></div> </td> <td style="vertical-align: bottom; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; width: 1%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"/><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; width: 1%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;">$</span></div> </td> <td style="vertical-align: bottom; padding-top: 2px; padding-bottom: 2px; text-align: right; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; width: 12%; height: 16px;"> <div><span style="font-family: inherit; font-size: 10pt;"><span style="border-left: none; border-right: none;">1.74</span></span></div> </td> <td style="vertical-align: bottom; border-top: 1pt solid #000000; width: 1.4881%; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"/><br/></div> </td> </tr> </tbody> </table> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <div class="pageBreak"> </div> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: underline; display: inline !important; float: none;">Non-Equity Transactions:</span></p> <p style="font-size: 8pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-size: 10pt;">Under a retention agreement with the Company's CFO dated March 25, 2016, the Company agreed to pay the CFO a bonus of </span><span style="font-size: 10pt;">$</span>125.0<span style="font-size: 10pt;"><span> </span>thousand on December </span><span style="border-right: none; border-left: none;"><span id="fs_5LOLZSZMOG00000000000000000000fs">31</span>,<span> </span><span id="fs_ZEFII42VLC00000000000000000000fs">2017</span> </span><span style="font-size: 10pt;">as long as he remained employed with the Company on that date.<span> </span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The December 31, 2017 bonus of $</span><span style="font-size: 10pt;">125.0</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="font-size: 13.3333px;"> thousand was paid during the </span></span><span><span style="font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span class="selected" style="font-size: 13.3333px;"><span id="fs_6IZOY33CW000000000000000000000fs">three</span> </span></span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">month period ended March 31, 2018</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">.<span> </span></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; font-family: 'times new roman', times;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"><br/></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; font-family: 'times new roman', times;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">On September 30, 2016, the Company entered into retention agreements ("Retention Agreements") with certain management employees (individually "Staff Member"). Under the Retention Agreements, if the Staff Member remained continuously employed by the Company through and including the date which is the first to occur of: (a) the date of a change in control of the Company; (b) the date the Staff Member is terminated without cause; and (c)<span> </span><span style="border-right: none; border-left: none;">December 31, 2017</span>, the Company agreed to pay the Staff Member a bonus in an amount equal to<span> </span>25% of the Staff Member's then-current annual base salary. </span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The Company paid the retention amounts of $</span>135.9<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> thousand during the<span> </span></span><span id="fs_5ZPOF6GZW000000000000000000000fs">three</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>month period ended March 31, 2018.</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; font-family: 'times new roman', times;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><br/></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; font-family: 'times new roman', times;"><span style="font-family: 'times new roman', times; font-size: 10pt;">On March 26, 2018, the Board appointed Todd L. Phillips as CEO of the Company. </span>In connection with Mr. Phillips’ appointment as CEO, the Company entered into an Amended and Restated Employment Agreement with Mr. Phillips on <span><span style="font-family: 'times new roman', times; font-size: 10pt;">March 26, 2018</span></span> (the “Employment Agreement”). The Employment Agreement is effective as of January 1, 2018, with the one year initial term ending on December 31, 2018. After expiration of the initial term, the term will be automatically extended for additional <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">12</span></span>-month periods thereafter if neither party gives written notice to the other within 30 days before expiration of the original <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span id="fs_V32G0WAKE800000000000000000000fs">12</span></span></span>-month period or any renewal period thereafter of that party’s desire to terminate the Employment Agreement. As of the date of this filing, neither party has provided written notice to terminate the Employment Agreement. Pursuant to the Employment Agreement, Mr. Phillips will earn an annual base salary of $300,000, subject to adjustment by the Board. Mr. Phillips will be eligible to receive an annual performance-based bonus that provides him an opportunity to earn a target bonus equal to 50% of his then-current base salary. <span style="font-family: 'times new roman', times; font-size: 10pt;">Pursuant to the Employment Agreement, Mr. Phillips is also entitled to receive annual equity compensation awards, consisting of RSUs and Options. Each award will consist of (A) that number of RSUs equal in Value (as defined in the Employment Agreement) on the date of the grant to 33.33% of Mr. Phillips’ base salary, and (B) that number of Options equal in Value (as defined in the Employment Agreement) on the date of the grant to 16.67% of Mr. Phillips’ base salary. The RSUs will be subject to three year cliff vesting, with the entire award vesting <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">36</span></span> months from the grant date. The Options will vest over a three year period, with <span style="-sec-ix-hidden:Tag848">1/3</span> vesting on each annual anniversary of the grant date. The exercise price per share of the Options will be equal to the fair market value of the Company’s common stock on the grant date.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; font-family: 'times new roman', times;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; font-family: 'times new roman', times;"><em><span style="text-decoration: underline;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Other:</span></span></em></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; font-family: 'times new roman', times;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; font-family: 'times new roman', times;"><span style="font-family: 'times new roman', times; font-size: 10pt;">As of <span id="fs_U611BH8VHS00000000000000000000FM">June 30, 2019</span> and <span id="fs_SCYTQW4CQ800000000000000000000FM">December 31, 2018</span>, the Company had unrecognized share-based compensation cost related to non-vested stock options in the amount of $75.0 thousand and $37.5 thousand, respectively. <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">As of <span id="fs_WUU9PJWC8W00000000000000000000FM">June 30, 2019</span> and <span id="fs_VD6J67G79C00000000000000000000FM">December 31, 2018</span>, the Company had unrecognized share-based compensation cost related to non-vested RSU awards in the amount of $</span><span>210.7</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>thousand and $</span><span>158.2</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>thousand, respectively.</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; font-family: 'times new roman', times;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify; font-family: 'times new roman', times;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Share-based compensation charged to operations relating to stock options and RSU awards was $56.9 thousand and $14.0 thousand for the three months ended <span id="fs_LER62E91B400000000000000000000FM">June 30, 2019</span> and <span id="fs_CMNGVRNOOW00000000000000000000FM">June 30, 2018</span>, respectively. <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Share-based compensation charged to operations relating to stock options and RSU awards was $</span><span>98.1</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>thousand and $</span><span>23.0</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>thousand for the six months ended<span> </span></span><span>June 30, 2019</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>and<span> </span></span><span>June 30, 2018</span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">, respectively.</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"><span>Following is a summary of stock option activity and number of shares reserved for outstanding options</span>:</span></p> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 210px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="vertical-align: middle; width: 43%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 13%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1.47929%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 11%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 11%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 12%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="vertical-align: middle; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 85px;"> <td style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 85px; width: 43%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Options </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 85px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 85px; width: 14.4793%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span style="font-weight: bold;"> N</span><strong>umber of shares</strong></span></p> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(in thousands) </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 85px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 85px; width: 13%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Weighted Average Exercise Price per Share </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 85px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 85px; width: 12%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Weighted Average Remaining Contractual Term </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 85px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="border-bottom: 0.75pt solid #000000; padding: 1.5pt; vertical-align: bottom; height: 85px; width: 14%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Weighted Average Grant Date Fair Value </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 43%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Outstanding at <span id="fs_7NNUHUGCM8KCGOC44884O4GC84K4CO">December 31, 2017</span> </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 382 </span></p> </td> <td style="border-top: 0.75pt solid #000000; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 4.70 </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 1.41 years </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 2.57 </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 43%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Issued </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 10px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">31</span></p> </td> <td style="vertical-align: bottom; padding: 0px 0px 2px; height: 10px; border-bottom: 1pt solid #000000; width: 1.47929%;"/> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 10px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 2.46 </span></p> </td> <td style="vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 10px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 4.24 years </span></p> </td> <td style="vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">    </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 10px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 1.61 </span></p> </td> <td style="vertical-align: bottom; height: 10px; border-bottom: 1pt solid #000000; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 43%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Outstanding at <span id="fs_0SBUJGSWN44O4OSCOWG0WG8G44CKGW">December 31, 2018</span> </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 413 </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-top: 1pt solid #000000; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-top: 1pt solid #000000; background-color: #cceeff; height: 17px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 4.53 </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 0.70 years </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 2.49 </span></p> </td> <td style="vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 43%;"> <p style="margin: 0pt;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Issued </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">62</span></p> </td> <td style="vertical-align: bottom; padding: 0px 0px 2px; height: 17px; width: 1.47929%;"/> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"><span>1.27</span></span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"><span><span style="border-left: none; border-right: none;">4.71 years</span></span></span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"><span>0.80</span></span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 10px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 43%;"> <p>Expired</p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; text-align: right; background-color: #cceeff; height: 10px; width: 13%;">(322</td> <td style="vertical-align: bottom; border-bottom: 1pt solid #000000; padding: 0px 0px 2px; background-color: #cceeff; height: 10px; width: 1.47929%;">)</td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; border-bottom: 1pt solid #000000; background-color: #cceeff; height: 10px;"><br/></td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid #000000; text-align: right; background-color: #cceeff; height: 10px;">4.57</td> <td style="vertical-align: bottom; border-bottom: 1pt solid #000000; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 11%; border-bottom: 1pt solid #000000; text-align: right; background-color: #cceeff; height: 10px;"><span id="fs_4SNUM4G4GG00000000000000000000FM">—</span> years</td> <td style="vertical-align: bottom; border-bottom: 1pt solid #000000; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 1%; border-bottom: 1pt solid #000000; background-color: #cceeff; height: 10px;"><br/></td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; width: 12%; border-bottom: 1pt solid #000000; text-align: right; background-color: #cceeff; height: 10px;">2.51</td> <td style="vertical-align: bottom; border-bottom: 1pt solid #000000; background-color: #cceeff; height: 10px; width: 1%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 43%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Outstanding at <span id="fs_10BR9MR600GGW4C844OCG0C0K8GSSC">June 30, 2019</span> </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">153</span></p> </td> <td style="vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">3.13</span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">2.78 years </span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 17px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">1.77</span></p> </td> <td style="vertical-align: bottom; height: 17px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="background-color: #cceeff; height: 10px;"> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 43%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Exercisable at <span id="fs_CFAYS8MNMOGG8SG4OGG848OO0KOO0O">June 30, 2019</span> </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">70</span></p> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">4.97</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 11%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">0.80 years </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> $ </span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-bottom: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 12%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;">2.66</span></p> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 43%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;"> Securities available for grant at <span id="fs_24PZSMKAM84SOGSCSW040S8OS8O444">June 30, 2019</span>*</span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; padding-bottom: 1.5pt; padding-left: 1.5pt; padding-top: 1.5pt; vertical-align: bottom; height: 10px; width: 13%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: Times New Roman; font-size: 10pt;"> 1,796 </span></p> </td> <td style="border-bottom: 1.5pt solid #000000; vertical-align: bottom; height: 10px; width: 1.47929%;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 13%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td colspan="2" style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 12%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> <td style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 1%;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="3" style="padding: 1.5pt; vertical-align: bottom; height: 10px; width: 14%;"> <p style="margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt;">   </span></p> </td> </tr> </tbody> </table> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">*Securities available for grant include securities available for stock option grants and RSUs. In accordance with the terms of the LTIP, the last date upon which the Committee could grant new awards was July 1, 2019, the ten-year anniversary of the effective date of the LTIP.</span></p> 382000 4.70 P1Y4M28D 2.57 31000 2.46 P4Y2M26D 1.61 413000 4.53 P0Y8M12D 2.49 62000 1.27 P4Y8M15D 0.80 322000 4.57 2.51 153000 3.13 P2Y9M10D 1.77 70000 4.97 P0Y9M18D 2.66 1796000 31000.0 P3Y 2.46 62100 P3Y 1.27 30000.0 3.47 1.98 292000.0 4.68 2.57 <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: left;"><span style="font-family: Times New Roman; font-size: 10pt;">The <span>weighted</span> average assumptions relating to the valuation of the Company's stock options awarded in <span id="fs_URIX0CZLZ400000000000000000000">2019</span> and <span id="fs_DSTLVITG2800000000000000000000FM">2018</span> are shown below.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_RRW2ETIUTS00000000000000000000b"> <table cellpadding="0" style="height: 96px; border-collapse: collapse; margin: 0px auto; width: 100%; font-family: 'times new roman'; font-size: 10pt;" width="100%"> <tbody> <tr style="height: 16px;"> <td style="padding: 2px; width: 60.7264%; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; width: 1.75131%; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1pt solid #000000; padding: 0px; width: 1.93517%; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="border-bottom: 1pt solid #000000; padding: 0px; text-align: center; width: 12.955%; height: 16px;"><span><strong><span style="font-family: 'times new roman', times; font-size: 10pt;"><span id="fs_NKW2GTOHCW00000000000000000000">2019</span></span></strong></span></td> <td style="border-bottom: 1pt solid #000000; padding: 0px; width: 2.59688%; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">   </span></p> </td> <td style="padding: 0px; width: 1.75131%; height: 16px;"><br/></td> <td style="border-bottom: 1pt solid #000000; padding: 0px; width: 1.66881%; height: 16px;"><br/></td> <td style="border-bottom: 1pt solid #000000; padding: 0px; width: 10.0937%; height: 16px; text-align: center;"><strong style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><span><span style="border-left: none; border-right: none;"><span id="fs_LOI0758J0G00000000000000000000FM">2018</span></span></span></span></strong></td> <td style="border-bottom: 1pt solid #000000; padding: 0px; width: 2.53809%; height: 16px;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 16px;"> <td style="background-color: #cceeff; width: 60.7264%; padding: 2px; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Weighted average grant-date fair value per option</span></td> <td style="background-color: #cceeff; width: 1.75131%; padding: 2px; height: 16px;"/> <td style="background-color: #cceeff; width: 1.93517%; padding: 0px; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">$</span></td> <td style="text-align: right; background-color: #cceeff; width: 12.955%; font-family: 'Times New Roman'; font-size: 10pt; padding: 0px; height: 16px;">0.80</td> <td style="background-color: #cceeff; width: 2.59688%; padding: 0px; height: 16px;"/> <td style="background-color: #cceeff; width: 1.75131%; padding: 0px; height: 16px;"><br/></td> <td style="background-color: #cceeff; width: 1.66881%; padding: 0px; height: 16px;">$</td> <td style="background-color: #cceeff; width: 10.0937%; padding: 0px; text-align: right; height: 16px;">1.61</td> <td style="background-color: #cceeff; width: 2.53809%; padding: 0px; height: 16px;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding: 2px; width: 60.7264%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Volatility</span></td> <td style="padding: 2px; width: 1.75131%; height: 16px;"><br/></td> <td style="padding: 0px; width: 1.93517%; height: 16px;"><br/></td> <td style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt; padding: 0px; width: 12.955%; height: 16px;">77.00</td> <td style="padding: 0px; width: 2.59688%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">%</span></td> <td style="padding: 0px; width: 1.75131%; height: 16px;"><br/></td> <td style="padding: 0px; width: 1.66881%; height: 16px;"><br/></td> <td style="padding: 0px; width: 10.0937%; text-align: right; height: 16px;">80.40</td> <td style="padding: 0px; width: 2.53809%; height: 16px;">%</td> </tr> <tr style="background-color: #cceeff; height: 16px;"> <td style="background-color: #cceeff; padding: 2px; width: 60.7264%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Risk-free interest rate</span></td> <td style="background-color: #cceeff; padding: 0px; width: 1.75131%; height: 16px;"><br/></td> <td style="background-color: #cceeff; padding: 0px; width: 1.93517%; height: 16px;"><br/></td> <td style="text-align: right; background-color: #cceeff; font-family: 'Times New Roman'; font-size: 10pt; padding: 0px; width: 12.955%; height: 16px;">2.40</td> <td style="background-color: #cceeff; padding: 0px; width: 2.59688%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">%</span></td> <td style="background-color: #cceeff; padding: 0px; width: 1.75131%; height: 16px;"><br/></td> <td style="background-color: #cceeff; padding: 0px; width: 1.66881%; height: 16px;"><br/></td> <td style="background-color: #cceeff; padding: 0px; width: 10.0937%; text-align: right; height: 16px;">2.59</td> <td style="background-color: #cceeff; padding: 0px; width: 2.53809%; height: 16px;">%</td> </tr> <tr style="height: 16px;"> <td style="padding: 2px; width: 60.7264%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Expected life (in years)</span></td> <td style="padding: 0px; width: 1.75131%; height: 16px;"><br/></td> <td style="padding: 0px; width: 1.93517%; height: 16px;"><br/></td> <td style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt; padding: 0px; width: 12.955%; height: 16px;">5.00</td> <td style="padding: 0px; width: 2.59688%; height: 16px;"><br/></td> <td style="padding: 0px; width: 1.75131%; height: 16px;"><br/></td> <td style="padding: 0px; width: 1.66881%; height: 16px;"><br/></td> <td style="padding: 0px; width: 10.0937%; text-align: right; height: 16px;">5.00</td> <td style="padding: 0px; width: 2.53809%; height: 16px;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 16px;"> <td style="background-color: #cceeff; padding: 2px; width: 60.7264%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">Expected dividend yield</span></td> <td style="background-color: #cceeff; padding: 0px; width: 1.75131%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> </span></td> <td style="background-color: #cceeff; padding: 0px; width: 1.93517%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;"> </span></td> <td style="text-align: right; background-color: #cceeff; font-family: 'Times New Roman'; font-size: 10pt; padding: 0px; width: 12.955%; height: 16px;">—<br/></td> <td style="background-color: #cceeff; padding: 0px; width: 2.59688%; height: 16px;"><span style="font-size: 10pt; font-family: 'times new roman', times;">%</span></td> <td style="background-color: #cceeff; padding: 0px; width: 1.75131%; height: 16px;"><br/></td> <td style="background-color: #cceeff; padding: 0px; width: 1.66881%; height: 16px;"><br/></td> <td style="background-color: #cceeff; padding: 0px; width: 10.0937%; text-align: right; height: 16px;">—</td> <td style="background-color: #cceeff; padding: 0px; width: 2.53809%; height: 16px;">%</td> </tr> </tbody> </table> </div> </div> </div> 0.80 1.61 0.7700 0.8040 0.0240 0.0259 P5Y P5Y 0 0 11400 32000.0 1 170000.0 20000.0 90000.0 1 90000.0 18000.0 6 P1D 44300 1 40600 P1D 100000.0 1 4 13200 P1D 100000.0 1 30000.0 6 P1D 38100 1 78700 P1D 100000.0 1 <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 16px; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">F<span>ollowing is a summary of RSU activit</span>y:</span></p> <div id="t_ft_AWLVLEDX3400000000000000000000"> <table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; margin-left: auto; margin-right: auto; width: 100%; border-collapse: collapse; text-align: left; height: 154px;" width="100%"> <tbody> <tr style="height: 16px;"> <td style="width: 43%; height: 16px;"/> <td style="width: 1%; height: 16px;"/> <td style="width: 13%; height: 16px;"/> <td style="width: 1.48148%; height: 16px;"/> <td style="width: 1%; height: 16px;"/> <td style="width: 11%; height: 16px;"/> <td style="width: 1%; height: 16px;"/> <td style="width: 1%; height: 16px;"/> <td style="width: 1%; height: 16px;"/> <td style="width: 12%; height: 16px;"/> <td style="width: 1.4881%; height: 16px;"/> </tr> <tr style="height: 42px;"> <td style="vertical-align: bottom; border-bottom: 1px solid #000000; padding: 2px; width: 43%; height: 42px;"> <div style="text-align: center; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt; font-weight: bold;">Restricted Stock Units</span></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 42px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 1px solid #000000; padding: 2px; width: 14.4815%; height: 42px;"> <div style="text-align: center; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt; font-weight: bold;">Number of shares</span></div> <div style="text-align: center; font-size: 10pt;"><strong>(in thousands)</strong></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 42px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td colspan="2" style="vertical-align: bottom; border-bottom: 1px solid #000000; padding: 2px; width: 12%; height: 42px;"> <div style="text-align: center; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt; font-weight: bold;">Weighted Average Remaining Contractual Term</span></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 42px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td colspan="3" style="vertical-align: bottom; border-bottom: 1px solid #000000; padding: 2px; width: 14.4881%; height: 42px;"> <div style="text-align: center; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt; font-weight: bold;">Weighted Average Grant Date Fair Value</span></div> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="vertical-align: bottom; padding: 2px; width: 43%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Outstanding at <span id="fs_FFBIAV3X1C00000000000000000000FM">December 31, 2017</span></span></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 13%; height: 16px; background-color: #cceeff;"> <div style="text-align: right;">23</div> </td> <td style="vertical-align: bottom; width: 1.48148%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; text-align: right; width: 11%; height: 16px; background-color: #cceeff;">0.35 years</td> <td style="vertical-align: bottom; width: 1%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;">$</div> </td> <td style="vertical-align: bottom; padding-top: 2px; padding-bottom: 2px; width: 12%; height: 16px; background-color: #cceeff;"> <div style="text-align: right;">2.37</div> </td> <td style="vertical-align: bottom; width: 1.4881%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> </tr> <tr style="height: 16px;"> <td style="vertical-align: bottom; padding: 2px; width: 43%; height: 16px;"> <div style="text-align: left; font-size: 10pt;">Granted</div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 13%; height: 16px;"> <div style="text-align: right;">112</div> </td> <td style="vertical-align: bottom; width: 1.48148%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; text-align: right; width: 11%; height: 16px;">1.43 years</td> <td style="vertical-align: bottom; width: 1%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 1%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-top: 2px; padding-bottom: 2px; width: 12%; height: 16px;"> <div style="text-align: right;">2.19</div> </td> <td style="vertical-align: bottom; width: 1.4881%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="vertical-align: bottom; padding: 2px; width: 43%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;">Vested</div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 13%; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <div style="text-align: right;">(23</div> </td> <td style="width: 1.48148%; height: 16px; background-color: #cceeff; vertical-align: middle; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" valign="middle">)</td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; text-align: right; width: 11%; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><span id="fs_QZ62MB7SLS00000000000000000000FM">—</span> years</td> <td style="vertical-align: bottom; width: 1%; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> <td style="vertical-align: bottom; padding-top: 2px; padding-bottom: 2px; width: 12%; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <div style="text-align: right;">2.37</div> </td> <td style="vertical-align: bottom; width: 1.4881%; height: 16px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <div style="text-align: left; font-size: 10pt;"><br/></div> </td> </tr> <tr style="height: 16px;"> <td style="vertical-align: bottom; padding: 2px; width: 43%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt; font-weight: bold;">Outstanding at <span id="fs_6T3T14XJY8WCKCOKCOGG888CGCC440">December 31, 2018</span></span></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 13%; height: 16px;"> <div style="text-align: right;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">112</span></div> </td> <td style="vertical-align: bottom; width: 1.48148%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"/><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; text-align: right; width: 11%; height: 16px;"><span><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">1.43 years</span></span></td> <td style="vertical-align: bottom; width: 1%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"/><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 1%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;">$</span></div> </td> <td style="vertical-align: bottom; padding-top: 2px; padding-bottom: 2px; width: 12%; height: 16px;"> <div style="text-align: right;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">2.19</span></div> </td> <td style="vertical-align: bottom; width: 1.4881%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"/><br/></div> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="vertical-align: bottom; padding: 2px; width: 43%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;">Granted</div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 13%; height: 16px; background-color: #cceeff;"> <div style="text-align: right;">109</div> </td> <td style="vertical-align: bottom; padding: 0px 0px 2px; width: 1.48148%; height: 16px; background-color: #cceeff;"> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; text-align: right; width: 11%; height: 16px; background-color: #cceeff;"> <div><span style="font-family: inherit; font-size: 10pt;"><span>2.71 years</span></span></div> </td> <td style="vertical-align: bottom; width: 1%; height: 16px; background-color: #cceeff;"> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; width: 1%; height: 16px; background-color: #cceeff;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-top: 2px; padding-bottom: 2px; text-align: right; width: 12%; height: 16px; background-color: #cceeff;"> <div><span style="font-family: 'times new roman', times; font-size: 10pt;"><span>1.27</span></span></div> </td> <td style="vertical-align: bottom; width: 1.4881%; height: 16px; background-color: #cceeff;"> </td> </tr> <tr style="height: 16px;"> <td style="vertical-align: bottom; padding: 2px; width: 43%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt; font-weight: bold;">Outstanding at <span id="fs_FT736W24LC4GCGWKKWWKK88C844K8C">June 30, 2019</span></span></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; width: 13%; height: 16px;"> <div style="text-align: right;">221</div> </td> <td style="vertical-align: bottom; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; width: 1.48148%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"/><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; text-align: right; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; width: 11%; height: 16px;"> <div><span style="font-family: inherit; font-size: 10pt;">1.81 years</span></div> </td> <td style="vertical-align: bottom; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; width: 1%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"/><br/></div> </td> <td style="vertical-align: bottom; padding: 2px; width: 1%; height: 16px;"> <div style="overflow: hidden; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"> </span></div> </td> <td style="vertical-align: bottom; padding-left: 2px; padding-top: 2px; padding-bottom: 2px; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; width: 1%; height: 16px;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;">$</span></div> </td> <td style="vertical-align: bottom; padding-top: 2px; padding-bottom: 2px; text-align: right; border-bottom: 1pt solid #000000; border-top: 1pt solid #000000; width: 12%; height: 16px;"> <div><span style="font-family: inherit; font-size: 10pt;"><span style="border-left: none; border-right: none;">1.74</span></span></div> </td> <td style="vertical-align: bottom; border-top: 1pt solid #000000; width: 1.4881%; height: 16px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> <div style="text-align: left; font-size: 10pt;"><span style="font-family: inherit; font-size: 10pt;"/><br/></div> </td> </tr> </tbody> </table> </div> 23000 P0Y4M6D 2.37 112000 P1Y5M4D 2.19 23000 2.37 112000 P1Y5M4D 2.19 109000 P2Y8M15D 1.27 221000 P1Y9M21D 1.74 125000.0 125000.0 0.25 135900 P1Y P12M P30D 300000 0.50 0.3333 0.1667 P3Y P36M P3Y 75000.0 37500 210700 158200 56900 56900 14000.0 14000.0 98100 98100 23000.0 23000.0 <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><span id="fs_G0Q8YLWIFK00000000000000000000">NOTE 8 – LEGAL PROCEEDINGS</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">The Company has litigation from time to time, including employment-related claims, none of which the Company currently believes to be material.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">Our operations are subject to various environmental statutes and regulations, including laws and regulations addressing materials used in the processing of our products. In addition, certain of our operations are subject to federal, state and local environmental laws and regulations that impose limitations on the discharge of pollutants into the air and water and establish standards for the treatment, storage and disposal of solid and hazardous wastes. Failure to maintain or achieve compliance with these laws and regulations or with the permits required for our operations could result in substantial operating costs and capital expenditures, in addition to fines and civil or criminal sanctions, third party claims for property damage or personal injury, cleanup costs or temporary or permanent discontinuance of operations.</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">Certain of the Company's facilities have been in operation for many years and, over time, the Company and other predecessor operators of these facilities have generated, used, handled and disposed of hazardous and other regulated wastes. Environmental liabilities in material amounts could exist, including cleanup obligations at these facilities or at off-site locations where the Company disposed of materials from its operations, which could result in future expenditures that the Company cannot currently estimate and which could reduce its profits.</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">The Company records liabilities for remediation and restoration costs related to past activities when its obligation is probable and the costs can be reasonably estimated.</span><span style="font-family: Times New Roman; font-size: 10pt;"> <span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">See<span> </span></span><span><span id="fs_GSSZJFA4N400000000000000000000FM">Note 1 – Summary of Significant Accounting Policies and General</span></span><span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span> </span>for additional discussion.<span> </span></span></span><span style="font-family: Times New Roman; font-size: 10pt;">Costs of future expenditures for environmental remediation are not discounted to their present value.</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">Recoveries of environmental remediation costs from other parties are recorded as assets when their receipt is deemed probable.</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">Costs of ongoing compliance activities related to current operations are expensed as incurred.</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">Such compliance has not historically constituted a material expense to the Company.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><span id="fs_R2IV7S9OXC00000000000000000000">NOTE 9 – FINANCING AND RELATED MATTERS</span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt; font-style: italic; font-weight: bold;">Securities Purchase Agreement</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">On June 13, 2014, the Company issued</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">857,143 shares of the Company's common stock pursuant to a Securities Purchase Agreement (the "Securities Purchase Agreement") to RCP, an investment entity principally owned by Daniel M. Rifkin, the founder and CEO of MetalX, for an aggregate purchase price of</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">$3.0 million. Pursuant to the Securities Purchase Agreement, the Company also issued to RCP a</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">five year</span></span> warrant to purchase</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">857,143 additional shares of the Company's common stock, exercisable</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">6 months after the date of the Securities Purchase Agreement for an exercise price of</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">$5.00 per share.  The net proceeds were allocated between common stock and warrants based on the relative fair value of the common stock and the warrants.</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">The Securities Purchase Agreement provides RCP with preemptive rights and a right of first refusal with respect to future securities offerings by the Company. The Company used the proceeds from the Securities Purchase Agreement for general corporate purposes including debt reduction, growth initiatives, capital expenditures, and review of potential acquisitions.</span><span style="font-family: Times New Roman; font-size: 10pt;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The five year warrant expired on June 13, 2019.<span> </span></span></span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">On June 13, 2014, in connection with the Securities Purchase Agreement, the Company and RCP entered into a Registration Rights Agreement (the "Registration Rights Agreement"), under which the Company (a) prepared and filed a registration statement no later than December 12, 2014 and (b) caused the registration statement to be declared effective by the Securities and Exchange Commission no later than February 1, 2015 for (i) agreed to resales of the common stock issued to the Investor under the Securities Purchase Agreement, and (ii) agreed to resales of any shares of common stock issuable upon exercise of the warrant.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;"><br/>The Registration Rights Agreement requires the Company to pay RCP a loss of liquidity fee for certain periods after February 1, 2015 when the registration statement is not effective or its use is suspended. The Registration Rights Agreement contains customary representations, warranties and covenants, and customary provisions regarding rights of indemnification between the parties with respect to certain applicable securities law liabilities.</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt; font-style: italic; font-weight: bold;">Director Designation Agreement</span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="font-size: 10pt; line-height: 120%; margin: 0pt; text-align: justify;"><span style="font-family: Times New Roman; font-size: 10pt;">On June 13, 2014, in connection with the Securities Purchase Agreement, the Company and RCP entered into a Director Designation Agreement (the "Director Designation Agreement") pursuant to which RCP will have the right to designate, and require the Company's Board to appoint, up to</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">two directors (each, a "</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">Designated Director</span><span style="font-family: Times New Roman; font-size: 10pt;">"). As of the date of this report, RCP had the right to designate</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">one director. A Designated Director will hold office until (i) his or her term expires and such Designated Director's successor designated by RCP has been appointed or (ii) such Designated Director's earlier death, disability, disqualification, resignation or removal, and RCP shall have the right to appoint any successor to such Designated Director. RCP's designation rights terminate at such time that RCP and its affiliates collectively hold less than</span><span style="font-family: Times New Roman; font-size: 10pt;"> </span><span style="font-family: Times New Roman; font-size: 10pt;">5% of the Company's outstanding common stock. Pursuant to the Director Designation Agreement, the Company and RCP agreed that the designation and appointment of the Designated Director nominees will not violate applicable law and will not cause the Company to become delisted from any securities exchange or other trading market.</span></p> 857143 3000000.0 P5Y 857143 P6M 5.00 2 1 0.05 The Company has included lease renewal options that are reasonably certain of exercise in the calculation of the weighted average remaining lease term. Securities available for grant include securities available for stock option grants and RSUs. In accordance with the terms of the LTIP, the last date upon which the Committee could grant new awards was July 1, 2019, the ten-year anniversary of the effective date of the LTIP.