| Schedule of long-term debt, net of current portion |
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2014
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2013
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Long-term debt, net of current portion:
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Term loan agreement, $50.0 million on June 29, 2012, funded on October 1, 2012, maturing June 29, 2016, with variable interest as described in the sixth succeeding paragraph. (The average interest rate was 4.75% and 5.4% during the quarter ended September 30, 2014 and year ended December 31, 2013, respectively).
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|
$ |
37,500 |
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|
$ |
37,500 |
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Term loan agreement, $20.0 million on October 1, 2012, maturing October 1, 2016, the fixed interest rate increased to 14.25% from 13.25% per annum. (The average interest rate was 14.06% and 13.25% during the quarter ended September 30, 2014 and year ended December 31, 2013, respectively).
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20,000 |
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|
|
20,000 |
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Revolving loan agreement, $2.0 million funded on March 24, 2014, maturing June 29, 2016, with variable interest as described in the sixth succeeding paragraph. (The average interest rate was 4.75% during the quarter ended September 30, 2014).
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|
|
2,000 |
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|
|
-- |
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Less current portion
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|
|
-- |
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|
-- |
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| |
|
$ |
59,500 |
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|
$ |
57,500 |
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