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Note 5 - Long-term Financing
 12 Months Ended
Sep. 30, 2012
Long-term Debt [Text Block]
5. LONG-TERM FINANCING

The Company has a credit agreement of $250,000 with one of its major shareholders who is also an employee of the Company. The agreement was set to expire in April 2013. Effective October 30, 2012 for the remainder of the agreement, the lender may terminate the agreement with 45 days written notice, but it is at the discretion of the Company to deny the termination notice until April 2013 if it will have a negative effect on the solvency of the Company.

The agreement provides for a revolving credit facility of $250,000 with interest generally equal to three percent per annum plus prime and is unsecured. In addition, the agreement generally allows for borrowing based on an amount equal to eighty percent of eligible accounts receivables or a maximum of $250,000. 

The Company repaid the outstanding balance of $250,000 on February 1, 2012. The Company recorded interest expense of $5,338 through September 30, 2012. As of September 30, 2012 interest in the amount of $6,641 was paid. The Company had no outstanding borrowings under this loan facility at September 30, 2012. Selected details of long-term borrowings are as follows:

   
Amount
   
Weighted Average
Interest Rate
 
   
Balance at September 30, 2012
  $ -       6.25 %
Average during 2012
  $ 83,333       6.25 %
Maximum during 2012 (month end)
  $ 250,000       6.25 %
                 
Balance at September 30, 2011
  $ 250,000       6.25 %
Average during 2011
  $ 62,500       6.25 %
Maximum during 2011 (month end)
  $ 250,000       6.25 %

Subsequent to September 30, 2012 management entered into a new revolving line of credit which will provide $250,000 of liquidity to meet on going working capital requirements. The Revolving Credit Agreement is by and between the Company and a major shareholder who is also an employee of the Company extending the due date of the line of credit agreement from April 13, 2013 to December 31, 2013 at an interest rate of 0.24% and includes a three year warrant for 100,000 shares of Class A common stock at a price of $2.50 per share.