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)
6 Months Ended
Jun. 30, 2012
Line of Credit, Short-Term and Long-Term Borrowings [Abstract]  
Long-term debt
                 
    June 30,
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

  $ 31,658     $ 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

    31,628       34,005  

Loan from HF Logistics I, LLC

    18,210       18,297  

Capital lease obligations

    18       29  
   

 

 

   

 

 

 

Subtotal

    81,514       86,590  

Less current installments

    10,229       10,059  
   

 

 

   

 

 

 

Total long-term debt

  $ 71,285     $ 76,531