LONG-TERM DEBT AND NOTES PAYABLE (Details) (USD $)
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Jun. 30, 2013
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Apr. 11, 2013
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Dec. 31, 2012
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Line of credit to a bank, expires April 10, 2014, interest rate of Wall St. Journal Prime (currently 3.25%) plus 1%, floor rate of 5%. | $ 342,000 | $ 732,000 | $ 0 |
Note payable to a bank due in monthly installments of $1,739 including interest at Wall Street Journal Prime + 1% (minimum of 5.5%); remaining balance due August 10, 2013; collateralized by substantially all of the Company's assets and guaranteed by Mr. Pruitt | 232,141 | 236,110 | |
Notes payable and current portion of long-term debt | $ 574,141 | $ 236,110 |
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- Definition
The carrying amount of notes payable current excluding current portion of long-term debt. No definition available.
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- Definition
Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Including the current and noncurrent portions, the carrying value as of the balance sheet date of notes payable to banks, excluding mortgage notes, initially due beyond one year or beyond the operating cycle if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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