Annual report pursuant to Section 13 and 15(d)

Bank Debt (Tables)

v3.19.1
Bank Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Revolving Credit Line
The following table summarizes our outstanding bank debt balances:

 
 
December 31, 2018
 
December 31, 2017
Revolving credit line - 5.25 percent at December 31, 2017 (prime plus 0.75 percent), due September 29, 2018 - current portion
 
$

 
$
4,900,000

Financed receivables - 6.5 percent at December 31, 2018 (prime plus 1 percent) on invoice receivables; 7.5 percent at December 31, 2018 (prime plus 2 percent) on uninvoiced receivables
 
1,859,853

 

Total
 
$
1,859,853

 
$
4,900,000