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Long-Term Notes Payable
9 Months Ended
Sep. 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 nine months ended September 30, 2017, the Company made principal payments of $1,815 and payments towards accrued interest of $1,467. The Company recorded interest expense on this loan of $1,941 and $1,538 for the nine months ended September 30, 2017 and 2016, respectively. At September 30, 2017 and December 31, 2016, the balance of the loan payable was $38,685 and $40,022, respectively.