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(7) Revolving Line of Credit and Lease Line	12 Months Ended
Dec. 31, 2016
Notes to Financial Statements
(7) Revolving Line of Credit and Lease Line	(7) Revolving Line of Credit and Lease Line In early May 2016, the Company renewed its $2 million revolving line of credit (“LOC”) and $500 thousand of an equipment finance facility (“Lease Line”) with Santander Bank. Both agreements mature in May 2017. The LOC is secured by the accounts receivable and other assets of the Company, has an interest rate of prime (3.75% at December 31, 2016) and a one-year term. Under the terms of the agreement, the Company is required to maintain its operating accounts with Santander Bank. The LOC and the Lease Line are cross defaulted and cross collateralized. The Company is also subject to certain financial covenants within the terms of the line of credit that require the Company to maintain a targeted coverage ratio as well as targeted debt to equity and current ratios. At December 31, 2016, the Company was in compliance with existing covenants. At December 31, 2016 and December 26, 2015, the Company had no borrowing under its lease line. As of December 31, 2016, the borrowing base at the time would have permitted borrowings of $994,000.

(7) Revolving Line of Credit and Lease Line

12 Months Ended

Dec. 31, 2016

(7) Revolving Line of Credit and Lease Line

In early May 2016, the Company renewed its $2 million revolving line of credit (“LOC”) and $500 thousand of an equipment finance facility (“Lease Line”) with Santander Bank. Both agreements mature in May 2017. The LOC is secured by the accounts receivable and other assets of the Company, has an interest rate of prime (3.75% at December 31, 2016) and a one-year term. Under the terms of the agreement, the Company is required to maintain its operating accounts with Santander Bank. The LOC and the Lease Line are cross defaulted and cross collateralized. The Company is also subject to certain financial covenants within the terms of the line of credit that require the Company to maintain a targeted coverage ratio as well as targeted debt to equity and current ratios. At December 31, 2016, the Company was in compliance with existing covenants.

At December 31, 2016 and December 26, 2015, the Company had no borrowing under its lease line. As of December 31, 2016, the borrowing base at the time would have permitted borrowings of $994,000.