| Schedule of long-term debt instruments |
|
|
June 30,
2012 |
|
|
December 31,
2011 |
|
| Crestpark LP, Inc |
|
|
|
|
|
|
|
|
| One secured note payable maturing on January 1, 2015 |
|
|
|
|
|
|
|
|
| Fixed Tranche ~ bearing interest at 9.5% |
|
$ |
2,000,000 |
|
|
$ |
2,000,000 |
|
| AHK Leasing, LLC |
|
|
|
|
|
|
|
|
| Nine separate capital leases with related parties that are carrying interest rates at 8.50% to 10.25% and maturing December 2012 to June 2015. |
|
|
1,280,412 |
|
|
|
939,787 |
|
| Total long-term debt |
|
$ |
3,280,412 |
|
|
$ |
2,939,787 |
|
| Less current maturities |
|
|
(637,896 |
) |
|
|
(538,206 |
) |
| Total long-term debt less current maturities |
|
$ |
2,642,516 |
|
|
$ |
2,401,581 |
|
| Accrued interest on long-term debt related to the note payable to Crestpark LP, Inc |
|
$ |
193,168 |
|
|
$ |
97,111 |
|
| Total long-term debt less current maturities, including accrued interest on long-term debt |
|
$ |
2,835,684 |
|
|
$ |
2,498,692 |
|
|
| Schedule of interest expenses and unused commitment fees |
|
|
Three Months
Ended
June 30, 2012 |
|
|
Three Months
Ended
June 30, 2011 |
|
|
Six Months
Ended
June 30, 2012 |
|
|
Six Months
Ended
June 30, 2011 |
|
| AHK interest on long term debt |
|
$ |
29,526 |
|
|
$ |
36,636 |
|
|
$ |
58,010 |
|
|
$ |
76,776 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Crestpark LP interest on long-term debt |
|
|
49,228 |
|
|
|
314,292 |
|
|
|
98,456 |
|
|
|
606,013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Crestpark LP credit agreements |
|
|
- |
|
|
|
34,984 |
|
|
|
- |
|
|
|
60,898 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other |
|
|
9,724 |
|
|
|
523 |
|
|
|
21,213 |
|
|
|
2,240 |
|
| Total interest expense |
|
$ |
88,478 |
|
|
$ |
386,435 |
|
|
$ |
177,679 |
|
|
$ |
745,927 |
|
|