Quarterly report pursuant to Section 13 or 15(d)
|6 Months Ended|
Jun. 30, 2016
|Subsequent Events [Abstract]|
Note K —Subsequent Events
In July 2016, the Company entered into a $1.8 million capital lease for the purchase of hardware and software components to upgrade the storage infrastructure at all locations. This capital lease has a 36 month term and an interest rate of 4.8%. Monthly payments under this lease began on August 1, 2016 in the amount of approximately $53,000.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
No definition available.