Quarterly report pursuant to Section 13 or 15(d)

10. Long-Term Debt (Tables)

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10. Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Secured credit facilities
    March 31,     December 31,  
    2017     2016  
Term loan   $ 64,187,500     $ 65,000,000  
Less:                
Deferred financing fees     (1,224,055 )     (1,289,629 )
Current portion     (4,062,500 )     (2,979,167 )
Term loan - long-term portion   $ 58,900,945     $ 60,731,204  
                 
Indebtedness under revolving credit facility   $ 3,000,000     $ 3,000,000  
Components of notes payable non-related parties
    March 31,     December 31,  
    2017     2016  
Subordinated notes   $ 33,588,717     $ 33,588,717  
Discount on subordinated notes     (1,286,514 )     (1,368,629 )
Deferred financing fees     (740,210 )     (788,486 )
Total notes payable - non-related parties     31,561,993       31,431,602  
Less: current portion     -       -  
Long-term portion   $ 31,561,993     $ 31,431,602  
Related Party Note Payable
    March 31,     December 31,  
    2017     2016  
Notes payable to Marvin Rosen   $ 928,081     $ 928,081  
Discount on notes     (38,668 )     (52,331 )
Total notes payable - related parties   $ 889,413     $ 875,750