Note 7 - Line of Credit

9 Months Ended

Sep. 30, 2014

Disclosure Text Block [Abstract]

Short-term Debt [Text Block]

7. Line of Credit. We had a line of credit with Wells Fargo for $20,000, with an interest rate of prime rate plus 6.75 percent. There was an outstanding balance of $18,376 on October 31, 2013, when the Chapter 11 Petition was filed. This debt is listed on Schedule F of the Summary of Schedules filed by the Company with the United States Bankruptcy Court. Schedule F is the list of Unsecured Non-priority (Creditors’) Claims. The Claim is also scheduled in Class Four – General Unsecured Creditors of the Plan of Reorganization. This debt is also included on the September 30, 2014 Balance Sheet and the outstanding balance of $18,376 is included in accounts payable and accrued expenses.