LINE OF CREDIT AND LONG-TERM DEBT (Tables)

3 Months Ended

Mar. 31, 2017

The Company's outstanding debt facilities as of March 31, 2017 and December 31, 2016 are summarized as follows:



Creditor	Loan Type	Origination Date	Maturity Date	Loan Amount		Balance on March 31, 2017			Balance on December 31, 2016
Encina Business Credit, LLC	Term Loan	February 1, 2017	February 1, 2020	$	20,000,000	$	11,925,000		$	—
Encina Business Credit SPV, LLC	Revolving Note	February 1, 2017	February 1, 2020	$	10,000,000	907,295			—
MidCap Revolving Line of Credit	Revolving Note	March, 2015	March, 2017 (1)	$	7,000,000	—			2,726,039
Goldman Sachs USA	Term Loan - Restated Credit Agreement	January 29, 2016	May 2, 2019 (1)	$	8,900,000	—			4,000,000
Fox Encore Promissory Note	Promissory Note	January 29, 2017	July 31, 2017 (1)	$	5,150,000	—			5,150,000
Pacific Western Bank	Capital Lease	September, 2012	August, 2017	$	3,154,860	84,046			133,153
Texas Citizens Bank	Term Note	January, 2015	January, 2020	$	2,045,500	1,358,540			1,531,506
Various institutions	Insurance premiums financed	Various	< 1 year	$	2,902,428	425,710			1,060,065
Total						$	14,700,591		$	14,600,763
Deferred finance cost, net						(1,580,120		)	(244,178		)
Total, net of deferred finance costs						$	13,120,471		$	14,356,585

(1) Paid in full and terminated on February 1, 2017

Future contractual maturities of notes payable are summarized as follows:



Creditor	Year 1			Year 2			Year 3			Year 4		Year 5		Thereafter
Encina Business Credit, LLC	$	907,295		$	—		$	—		$	—	$	—	$	—
Encina Business Credit SPV, LLC	900,000			900,000			900,000			9,225,000		—		—
Pacific Western Bank	84,046			—			—			—		—		—
Texas Citizens Bank	474,693			495,013			388,834			—		—		—
Various institutions	425,710			—			—			—		—		—
Totals	2,791,744			1,395,013			1,288,834			9,225,000		—		—
Deferred finance costs, net	(544,616		)	(517,752		)	(517,752		)	—		—		—
Totals, net of deferred finance costs	$	2,247,128		$	877,261		$	771,082		$	9,225,000	$	—	$	—