| Schedule of long-term debt instruments |
|
September 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 |
|
| IST Holdings, LLC |
|
|
|
|
|
|
|
|
| One secured note payable maturing on March 31, 2017, bearing interest at 6.0% |
|
|
525,000 |
|
|
|
- |
|
| AHK Leasing, LLC |
|
|
|
|
|
|
|
|
| Eleven separate capital leases with related parties that are carrying interest rates at 8.50% to 10.25% and maturing December 2012 to August 2016. |
|
|
1,318,923 |
|
|
|
939,787 |
|
| Total long-term debt |
|
$ |
1,843,923 |
|
|
$ |
2,939,787 |
|
| Less current maturities |
|
|
(664,914 |
) |
|
|
(538,206 |
) |
| Total long-term debt less current maturities |
|
$ |
1,179,010 |
|
|
$ |
2,401,581 |
|
| Accrued interest on long-term debt related to
the note payable to Crestpark LP, Inc |
|
|
- |
|
|
|
97,111 |
|
| Total long-term debt less current maturities, including accrued interest on long-term debt |
|
$ |
1,179,010 |
|
|
$ |
2,498,692 |
|
| Schedule of interest expenses and unused commitment fees |
|
Three Months
Ended
September 30, 2012 |
|
|
Three Months
Ended
September 30, 2011 |
|
|
Nine Months
Ended
September 30, 2012 |
|
|
Nine Months
Ended
September 30, 2011 |
|
| AHK interest on long term debt |
|
$ |
31,769 |
|
|
$ |
31,791 |
|
|
$ |
89,779 |
|
|
$ |
108,567 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Crestpark LP interest on long-term debt |
|
|
51,356 |
|
|
|
49,756 |
|
|
|
149,812 |
|
|
|
655,768 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Crestpark LP credit agreements |
|
|
- |
|
|
|
863 |
|
|
|
- |
|
|
|
61,762 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other |
|
|
5,661 |
|
|
|
2,300 |
|
|
|
26,874 |
|
|
|
4,540 |
|
| Total interest expense |
|
$ |
88,786 |
|
|
$ |
84,710 |
|
|
$ |
266,465 |
|
|
$ |
830,637 |
|
|