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Line of Credit
9 Months Ended
Sep. 30, 2012
Line of Credit [Abstract]  
Line of Credit

Note 4:  Line of Credit 

 

At September 30, 2012, the Company renewed its line of credit with Access Business Finance, LLC (“Access”) under which the Company may borrow up to a maximum of $3 million based on a borrowing base equivalent of 75% of eligible accounts receivable.  There were no changes in the terms of the line of credit.  The terms are:  the minimum monthly interest payment is $1,000; the interest rate is Prime plus 5% but not less than 8.25%; and the early termination fee is $6,000.  The renewal date of the  line of credit is September 1, 2013.  The Company’s obligations under the agreement are secured by its assets.  The Company accrued $30,000 in loan fees which were charged to prepaid expense and will be amortized over the renewal period of twelve months.  For the three and nine months ended September 30, 2012, the Company had not borrowed on its line of credit.