Note 2 - Notes Payable and Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2015

Notes Tables

Schedule of Debt [Table Text Block]

	June 30, 20 15			December 31, 2 014
Credit Agreement with JPMorgan Chase Bank – collateralized by real estate; payable as follows:
Line of Credit Note dated July 31, 2007, converted to a 10-year term note on April 30, 2008; $16,875 monthly principal payments plus interest at 7.1% per annum; matures April 30, 2018	$	1,834,313		$	2,143,125
Line of Credit Note with JPMorgan Chase Bank – collateralized by real estate; payable as follows:
Line of Credit Note dated July 12, 2012, as amended on June 23, 2014, in the maximum principal amount of $6,000,000 with revolving features as more fully described above – interest due monthly at LIBOR plus 2%; matures September 30, 2015		-			3,500,000
		1,834,313			5,643,125
Less - Current maturities		(202,500	)		(3,702,500	)
	$	1,631,813		$	1,940,625