Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2020

Long-Term Debt

Schedule of long-term debt

	March 31,		December 31,
	2020		2019
	($000’s omitted)
Line of credit payable to a financial institution; Interest rate option of bank prime or Libor plus 1.4%  (3.07% as of March 31, 2020) (A) (B)	$	3,750	$	3,000
Term loan payable to a financial institution; Interest rate  option of bank prime or Libor plus 1.4%  (2.981130% as of March 31, 2020), monthly prinicipal payments of $21,833 through 2021 with a balloon payment of $786,000 due December 1, 2021 (B)		1,245		1,310
Term loan payable to a financial institution; Interest rate  option of bank prime or Libor plus 1.4%  (2.981130% as of March 31, 2020), monthly prinicipal payments of $23,810 through December 1, 2021 (B)		500		571
Equipment note obligations; Interest rate fixed for term of each funding based upon the Lender’s lease pricing at time of funding. (Interest rate/factor 1.8259% - 1.835015% as of March 31, 2020) (C)		637		670
Equipment financing lease obligations; Interest rate fixed for term of each funding based upon the Lender's lease pricing at time of funding. (Interest rate/factor 3.3943% - 3.8527% at time of funding) (D)		428		468
		6,560		6,019
Less current portion		(849)		(849)
	$	5,711	$	5,170

Schedule of payments for capital lease obligations

	March 31,		December 31,
	2020		2019
	($000’s omitted)
2020	$	249	$	331
2021		331		331
2022		316		316
2023		169		169
2024		97		97
Total principal and interest payments		1,162		1,244
Less amount representing interest		(97)		(106)
Present value of net minimum lease payments		1,065		1,138
Less current portion		(301)		(301)
Long term principle payments	$	764	$	837