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Long-Term Notes Payable
6 Months Ended
Jun. 30, 2017
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 stipulate monthly interest only payments from April 2010 through December 2014, at a 5% annual rate. Effective January 1, 2015, the Company began a payment program whereby it would make quarterly payments towards principal and interest through the life of the loan. During the six months ended June 30, 2017, the Company made principal payments of $614 and payments towards accrued interest of $481. The Company recorded interest expense on this loan of $730 and $729 for the six months ended June 30, 2017 and 2016, respectively. At June 30, 2017 and 2016, the balance of the loan payable was $38,207 and $40,804, respectively.