Annual report pursuant to Section 13 and 15(d)

Notes and Capital Leases Payable

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Notes and Capital Leases Payable
 12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Notes and Capital Leases Payable

NOTE 13: NOTES AND CAPITAL LEASES PAYABLE

 

Outstanding promissory notes, obligations under capital leases and other notes payable consist of the following:

 

    December 31,  
    2018     2017  
             
Notes payable bearing interest at stated rates between 4% and 12% per annum. Terms range from 3 to 36 months   $ 3,019     $ 3,404  
Obligations under capital leases, bearing interest rates between 4.1% and 8.2% per annum, secured by equipment having a value that approximates the debt value. Terms range from 48 to 60 months.     320       695  
Various Equipment notes, bearing interest rates between 2% and 41% per annum, secured by equipment having a value that approximates the debt value. Terms range from 30 to 72 months     1,189       1,425  
Total Notes Payables     4,528       5,524  
Less: Original issue discount and deferred financing costs     —       (25 )
Notes payable, net of original issue discount and deferred financing costs     4,528       5,499  
Less: Current portion     (3,260 )     (3,669 )
Total Notes non-current portion   $ 1,268     $ 1,830  

 

The required principal payments for all borrowings for each of the five years following the balance sheet date are as follows:

 

2019     3,260  
2020     776  
2021     352  
2022     133  
2023     7  
Thereafter     —  
Total   $ 4,528