XML 21 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Long-Term Notes Payable
6 Months Ended
Jun. 30, 2016
Notes Payable, Noncurrent [Abstract]  
Long-Term Notes Payable

The Company received a $44,000 loan from the Portland Development Commission in 2007. The loan matures in 20 years and was interest free through February 2010. The terms of the note stipulated monthly interest only payments from April 2010 through December 2014, at a 5% annual rate.  The Company recorded interest expense on this loan of $729 and $533 for the three months ended June 30, 2016 and 2015, respectively. The Company recorded interest expense on this loan of $1,823 and $1,094 for the six months ended June 30, 2016 and 2015, respectively. The loan balance as of June 30, 2016 and 2015 was $40,804 (current portion of $2,390) and $43,451 (current portion of $2,647), respectively.