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Line of Credit
3 Months Ended
Mar. 31, 2014
Line of Credit [Abstract]  
Line of Credit

Note 4:  Line of Credit 

 

At March 31, 2014, the Company had a credit facility 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.  The terms are: interest rate is Prime plus 4% but not less than 7.25%, the minimum monthly interest payment is $1,000 and the early termination fee is $6,000.  The renewal date of the line of credit is September 1, 2014.  The Company’s obligations under the credit facility are secured by its assets.  For the three months ended March 31, 2014 and 2013, the Company had not borrowed on its line of credit.