Quarterly report pursuant to Section 13 or 15(d)

Long Term Debt (Tables)

v3.19.2
Long Term Debt (Tables)
 6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Schedule of long-term debt

    June 30,
2019		     December 31,
2018		  
    (in thousands)  
             
3.0% note payable to a lender in relation to a four-year vehicle loan for the purchase of a truck used in operations.   $ 15     $ 24  
                 
Revolving credit note with a lender for a $15 million credit loan with a maturity date of August 23, 2020. Interest on the principal balance outstanding on the Note is due monthly at a rate of LIBOR plus 3.50% per annum.     -       -  
                 
Credit note with a lender for the purchase of the Company’s Corporate headquarters building with a maturity date of October 1, 2025. Interest on the principal balance outstanding on the note is due monthly at a rate of LIBOR plus 2.39% per annum.     8,386       8,460  
                 
Convertible notes issued in December 2018 and in January 2019.     -       40,200  
      8,401       48,684  
Less unamortized debt issuance costs     (130 )     (140 )
Less current portion of long-term debt     (173 )     (168 )
Long-term debt, net, excluding operating leases and finance leases   $ 8,098     $ 48,376