Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.7.0.1
Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2017
Long-Term Debt [Abstract]  
Schedule of long-term debt
      March 31, 2017     December 31, 2016  
  Secured mortgage payable to Bank for the purchase of the 100 Commerce Drive Building due in monthly installments of $11,900.   $ 1,763,162     $ 1,767,950  
  Note payable, former building owner interest payment only due in monthly installments of $1,604 interest at 5.5%. A balloon payment of $350 thousand plus unpaid interest due August 2018.     350,000       350,000  
  Note payable to the City of Loveland with interest of 8%. The note is unsecured and contains restrictions on the use of proceeds.     50,000       50,000  
                   
        2,163,162       2,167,950  
  Less current portion     80,003       79,521  
  Long term debt   $ 2,083,159     $ 2,088,429  
Schedule of aggregate maturities of long-term debt

  2017     $ 72,319  
  2018       381,499  
  2019       33,607  
  2020       35,858  
  2021       38,260  
  Thereafter       1,601,619  
        $ 2,163,162