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Notes to Financial Statements <br /> Page 23 <br /> Note 19: Commitments and Contingencies <br /> Financial awards from Federal,. State and local governmental <br /> entities are subject to audit for compliance with grantor <br /> restrictions. No provisions have been made in the financial <br /> statements for any potential disallowances resulting from <br /> noncompliance because the amount, if any, cannot be determined <br /> at this date. <br /> The Organization entered into a construction contract for up- <br /> fit of the Burlington Clinic on September 24, 2013.- The <br /> project was not completed as of November 30, 2013. <br /> Total contract amount $ 206,299 <br /> Amount Expended through November 30, 2013 63.373 <br /> Outstanding Commitment as of November 30, 2013 $ 142.926 <br /> Note 20: Subsequent Events <br /> An evaluation of subsequent events was performed through March <br /> 24, 2014, the date the financial statements are available for <br /> issuance. <br /> On January 22, 2014, the $1,500,000 revolving ,line of credit <br /> facility secured by health care related receivables was <br /> modified. The line was reduced to $750,000. Accrued interest <br /> only, at LIBOR plus 2.5%, is payable commencing on February 15, , <br /> 2014, and continuing on the same day of each calendar period <br /> thereafter, with one final payment of all remaining accrued <br /> interest and principal due on January 15, 2015. . <br /> -36- <br />