NOTES PAYABLE AND LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2019

NOTES PAYABLE AND LONG-TERM DEBT [Abstract]

Debt Outstanding

The amount outstanding under the above agreements consisted of the following:

	June 30, 2019		December 31, 2018 Restated
Business loan agreement with BOKF – collateralized by real estate; payable as follows:
Line of credit note, as amended, in the maximum principal amount of $15,000,000 with features as more fully described above – interest due monthly at LIBOR plus 1.5%; matures September 18, 2024	$	-	$	8,968,018
Line of credit note, as amended, in the maximum principal amount of $6,000,000 with revolving features as more fully described above – interest due monthly at LIBOR plus 1.5%; matures September 18, 2021		-		-
	$	-	$	8,968,018
Less current maturities		-		519,516
TOTAL	$	-	$	8,448,502