Short-Term Borrowings

3 Months Ended

Mar. 31, 2015

Short-term Debt [Abstract]

Short-term Debt [Text Block]

8. Short-Term Borrowings

At March 31, 2015, the Company had a $60 million unsecured revolving line of credit with a bank expiring November 5, 2015. The line of credit bears interest at LIBOR plus 0.75%. At March 31, 2015, outstanding borrowings were approximately $6.6 million at an interest rate of 0.93%. The highest balance on the line of credit during the quarter was $12.9 million.