Note 19 - Long Term Debt and revolving line of credit
|12 Months Ended|
Dec. 31, 2018
|Note 19 - Long Term Debt and revolving line of credit||
Note 19 Long term debt and revolving line of credit
Long term debt
Long term debt at December 31, 2018 and 2017 consists of the following:
Commercial credit agreement with Bond Street Servicing, LLC
WCI entered into a commercial credit agreement with Bond Street Servicing, LLC for proceeds of $100,000 which were used to pay off WCIs revolving line of credit with Bank of America. WCI was charged a $4,000 loan service fee which is being amortized as additional interest over the life of the loan on a straight line basis. The unamortized loan service fee balance was $1,058 and $2,390 at December 31, 2018 and 2017, respectively.
The entire disclosure for long-term debt.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef