XML 54 R21.htm IDEA: XBRL DOCUMENT v3.20.1
Notes Payable (Tables)
12 Months Ended
Dec. 31, 2019
Notes Payable [Abstract]  
Schedule of notes payable
    December 31,  
    2019     2018  
Note payable to a Bank, maturing September 2021; with monthly payments of approximately $26 of principal and interest fixed at 3.99%; collateralized by principally all assets of the Company.   $ 519     $ 799  
                 
Note payable to a Bank, maturing July 2031; with monthly payments of approximately $11 of principal and interest fixed at 5.29%; collateralized by principally all assets of Smith-Columbia Corporation and guaranteed by the Company.     1,103       1,169  
                 
Note payable to a Bank, maturing April 2021; with monthly payments of approximately $6.2 of principal and interest at prime at variable rate (5.29% at December 31, 2019 and 2018); collateralized by certain property of the Company.     96       163  
                 
Note payable to a Bank, maturing October 2029; with monthly payments of approximately $22 of principal and interest fixed at 3.64% under a swap agreement; collateralized by principally all assets of Smith-Carolina Corporation and guaranteed by the Company.     2,197        
                 
Construction loan draw on-line-of-credit for the North Carolina Expansion, refinanced in note maturing October 2029.           1,000  
                 
Installment notes, collateralized by certain machinery and equipment maturing at various dates, primarily through 2021; with monthly payments varying from $0.3 to $4.1 with annual interest rates between 3.49% and 5.75%.     1,096       1,372  
                 
A revolving line-of-credit evidenced by a note payable to a Bank, with the maximum amount of $4,000, maturing October 1, 2020, with interest only payments and an initial rate of 4.49% adjustable monthly (4.75% at December 31, 2019). The line-of-credit is collateralized by a first lien position on the Company's accounts receivable and inventory and a second lien position on all other business assets.            
                 
      5,011       4,503  
Less current maturities     (925 )     (1,711 )
                 
    $ 4,086     $ 2,792  
Schedule of maturities of notes payable
Year Ending December 31,      
       
2020   $ 925  
2021     773  
2022     484  
2023     433  
2024     512  
Thereafter     1,884  
         
    $ 5,011