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WORKING CAPITAL LINE OF CREDIT
12 Months Ended
Dec. 31, 2011
WORKING CAPITAL LINE OF CREDIT
6. WORKING CAPITAL LINE OF CREDIT

At December 31, 2011, CUI, Inc. had a $4,000,000 revolving working capital line of credit with the Business Credit division of Wells Fargo Capital Finance, part of Wells Fargo Bank, National Association (NYSE: WFC), interest payable monthly at the daily three month LIBOR plus 3.75% (4.33% at December 31, 2011). The Wells Fargo LOC expires July 31, 2013. As of the date of this filing, the Company is compliant with all covenants on the line of credit with Wells Fargo Capital Finance. At December 31, 2011, the balance outstanding on the line of credit was $1,528,900. At December 31, 2010, the balance outstanding on the line of credit was $1,549,779. The LOC is secured by all of the Company’s accounts, documents, equipment, general intangibles, goods, instruments, inventory, investment property, letter-of-credit rights, letters of credit and all cash and cash equivalents.