XML 20 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Financing Activities (Details Narrative) (USD $)
3 Months Ended 3 Months Ended 60 Months Ended 3 Months Ended
Dec. 31, 2012
Dec. 31, 2012
Line of Credit - Old
Dec. 31, 2012
Line of Credit - New
Dec. 31, 2012
Notes Payable to Community Bank
May 07, 2010
Notes Payable to Community Bank
Dec. 31, 2012
Five Star Bank - Note
Aug. 01, 2018
Five Star Bank - Note
Jul. 30, 2013
Five Star Bank - Note
Dec. 31, 2012
Multiple Disbursement Term Note
Dec. 31, 2011
Multiple Disbursement Term Note and Credit Agreement
Dec. 31, 2012
Manufacturers and Traders Trust Company
Dec. 31, 2012
Five Star Bank - Promissory Notes
Debt, face amount         $ 1,050,000 $ 750,000     $ 1,865,000 $ 2,000,000   $ 250,000
Interest rate, stated         6.25% 4.25%     5.76%     4.46%
Interest rate, at period end       4.50%   4.25%         4.25%  
Date of loan       May 07, 2010   Aug. 13, 2012     Oct. 27, 2010 Jul. 14, 2011 Nov. 01, 2011 Aug. 18, 2012
Debt, equity contribution required         350,000              
Stock options exercised, shares 42,000       24,000              
Stock options exercised, price per share         $ 15.00              
Stock options exercised, total amount         360,000              
Covenants measured at each fiscal year end       The agreement included the following covenants to be measured at each fiscal year end starting with the September 30, 2009 financial statement:(i) Maintain a tangible net worth of not less than $11.0 million,(ii)Maintain a debt to tangible net worth ratio of less than 3.0 to 1.0, and(iii)Maintain a debt service coverage ratio of 1.10 to 1.                
Interest rate description       Floating rate of 30-day LIBOR plus 2.75%   Variable interest rate of prime rate plus 1.00% Fixed rate equal to the prevailing Federal Home Loan Bank of New York Fixed Advance Rate as published five days prior to July 30, 2013, plus 3.75%.     Interest only at a rate of the greater of 3.50% above 30-day LIBOR or 4.25% Variable rate, adjusting daily, based on the greater of 3.25% above 30-day LIBOR or 4.25%

 
Interest rate, basis spread       2.75%   1.00%   3.75%        
Interest rate, floor       4.50%           3.50% 3.25%  
Interest rate, ceiling       6.50%           4.25% 4.25%  
Revolving line of credit, amount   $ 7,000,000 $ 7,000,000                  
Revolving line of credit, interest rate description   Fluctuating interest rate equal to the greater of 3.5% or the 30-day LIBOR plus 2.25% Greater of 3.25% or the 30-day LIBOR plus 2.25%                  
Revolving line of credit, interest rate, basis spread   2.25% 2.25%                  
Revolving line of credit, interest rate     3.25%                  
Revolving line of credit, interest rate, minimum   3.50% 3.50%                  
Start date   Feb. 28, 2011 Feb. 28, 2012                  
Expiration date   Feb. 28, 2012