(6)

DEBT

Debt consists of the following:

	December 31,
	2011		2012
Revolving credit agreement with a bank not to exceed $7.0 million, at either, or a combination of,the lender's Base Rate (3.25% at December 31, 2011) or a LIBOR rate plus 2.0% (2.30% at December 31, 2011), collateralized by the Company's accounts receivable and Management Agreements, due in May 2013 (the "Credit Facility").		4,251,068		-

Revolving credit agreement with a bank not to exceed $7.0 million, at either, or a combination of,the lender's Base Rate (3.25% at December 31, 2012) or a LIBOR rate plus 2.0% (2.21% at December 31, 2012), collateralized by the Company's accounts receivable and Management Agreements, due in May 2014 (the "Credit Facility").		-		4,674,042

$2.0 million Term Loan with a bank borrowed at an interest rate of LIBOR plus a LIBOR rate margin of 2.0%.with principal to be repaid in 20 equal quarterly payments of approximately $100,000 plus interest beginning September 30, 2012 collateralized by the Company's accounts receivable and Management Agreeements.				1,800,000
		4,251,068		6,474,042
Less - current maturities		-		(400,000	)

Long-term debt, net of current maturities	$	4,251,068	$	6,074,042

Credit Facility

On June 29, 2012, the Company amended its Credit Facility. The amendment extended the expiration of the Credit Facility from May 31, 2013 to May 31, 2014. The Credit Facility allows the Company to borrow, on a revolving basis, an aggregate principal amount not to exceed $7.0 million at either, or a combination of, the lender's Base Rate or at LIBOR plus a LIBOR rate margin, at the Company's option. The Base Rate computes interest at the higher of the lender's "prime rate" or the Federal Funds Rate. The LIBOR option computes interest at the LIBOR rate as of the date such LIBOR rate loan was made plus a LIBOR rate margin of 2.0%. As of December 31, 2012, the Company's LIBOR borrowing rate was 2.21% and the Base Rate borrowing rate was 3.25%. A commitment fee on the average daily unused amount of the revolving loan commitment during the preceding quarter is also assessed at 0.25%. The Company may prepay any Base Rate loan at any time and any LIBOR rate loan upon not less than three business days prior written notice given to the lender, but the Company is responsible for any loss or cost incurred by the lender in liquidating or employing deposits required to fund or maintain the LIBOR rate loan. At December 31, 2012, the Company had approximately $4.7 million outstanding and approximately $2.3 million available for borrowing under the Credit Facility. The outstanding amounts consisted of $3.8 million outstanding under the LIBOR rate option and $874,000 outstanding under the Base Rate option. The Company has $7.0 million available to borrow under the Credit Facility, subject to the terms and conditions of the agreement. The Credit Facility is collateralized by the Company's accounts receivable and Management Agreements and requires the Company to comply with certain covenants and financial ratios. At December 31, 2012, the Company was in full compliance with all of its covenants under the Credit Facility.

Term Loan

On June 29, 2012, the Company entered into a $2.0 million Term Loan with an interest rate of LIBOR plus a LIBOR rate margin of 2.0%. The principal amount borrowed is payable quarterly in 20 equal payments of $100,000 plus interest beginning September 30, 2012. The Term Loan matures on June 30, 2017. At December 31, 2012, the Company had approximately $1.8 million outstanding. The Term Loan requires the Company to comply with certain covenants and financial ratios. At December 31, 2012, the Company was in full compliance with all of its covenants under the Term Loan.

Scheduled Maturities

The scheduled maturities of debt are as follows:

Year	Amount

2013	$	400,000
2014		5,074,042
2015		400,000
2016		400,000
2017		200,000

	$	6,474,042