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Note 11 - Subsequent Events
9 Months Ended
Sep. 30, 2012
Subsequent Events [Text Block]
Note 11. Subsequent Events

On October 24, 2012, the Company entered into the Second Credit Agreement Amendment. Under the terms of the Second Credit Agreement Amendment, (1) total availability under the revolving credit facility was increased to $5,000,000 (from $1,500,000), (2) the borrowing base was modified to 75% (from 65%) of eligible accounts receivable (as defined in the Credit Agreement) and (3) the Company’s minimum net worth covenant was increased to $22,000,000 (from $21,250,000). In addition, the maturity date of the facility was extended to October 15, 2015 (from December 31, 2012). As of November 14, 2012, the Company had outstanding borrowings of $1,250,000 under the Credit Agreement.