NOTES PAYABLE AND LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2019

NOTES PAYABLE AND LONG-TERM DEBT [Abstract]

Debt Outstanding

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

	December 31,
	2019		2018		2017
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	$	7,371,730
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	$	7,371,730
Less current maturities		-		519,516		614,311
TOTAL	$	-	$	8,448,502	$	6,757,419