| Schedule of credit line debt |
| | |
March 31, | | |
September 30, | |
| | |
2016 | | |
2015 | |
| | |
| | | |
| | |
| Base Rate Revolver
Loan- interest rate based on prime rate adjusted for fixed coverage ratio (table above), maturity date July 6, 2020 | |
$ | 8,042,995 | | |
$ | 7,225,745 | |
| Base Rate Term Loan- interest
rate based on prime rate adjusted for fixed coverage ratio (table above) fixed coverage ratio, maturity date July 6, 2020 | |
| 7,150,766 | | |
| 7,628,438 | |
| Note payable to individual,
payable on demand, interest at 10.0% per annum, unsecured | |
| 97,044 | | |
| 92,441 | |
| Acquisition note payable,
$200,000 due February 28, 2015 and $400,000 due February 28, 2016, non-interest bearing with interest imputed at 2.87% per
annum (1) | |
| 400,000 | | |
| 395,251 | |
| Credit
line due January 1, 2024, with interest rate of 2.75% | |
| 658,405 | | |
| 669,351 | |
| Total Debt | |
| 16,349,210 | | |
| 16,011,226 | |
| Current
portion | |
| 1,452,388 | | |
| 1,443,036 | |
| Long-term
portion | |
$ | 14,896,822 | | |
$ | 14,568,190 | |
|