Quarterly report pursuant to Section 13 or 15(d)

Line of Credit, Short-Term and Long -Term Borrowings (Tables)

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Line of Credit, Short-Term and Long -Term Borrowings (Tables)
 3 Months Ended
Mar. 31, 2012
Line of Credit, Short-Term and Long-Term Borrowings [Abstract]  
Long-term debt
                 
     

 

 March 31,     

2012     

   

  

    

 

 December 31

2011  

 , 

  

Note payable to bank, due in monthly installments of $531.4 (includes principal and interest), fixed rate interest at 3.54%, secured by property, balloon payment of $12,635 due December 2015

   $ 32,964     $ 34,259  

Note payable to bank, due in monthly installments of $483.9 (includes principal and interest), fixed rate interest at 3.19%, secured by property, balloon payment of $11,670 due June 2016

     32,821       34,005  

Loan from HF Logistics I, LLC

     18,276       18,297  

Capital lease obligations

     25       29  
   

 

 

    

 

 

  

Subtotal

     84,086       86,590  

Less current installments

     10,145       10,059  
   

 

 

    

 

 

  

Total long-term debt

   $ 73,941     $ 76,531