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Note 7 - Credit Facility
6 Months Ended
Jun. 30, 2014
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]

NOTE 7. - CREDIT FACILITY


The Company maintains a $5.0 million revolving bank credit facility maturing December 19, 2016. The applicable interest rate on outstanding balances is LIBOR plus 1.0% to 1.5% based on certain factors included in the credit agreement. At June 30, 2014 and December 31, 2013, the Company’s interest rate on the $3.5 million outstanding balance was 1.2% and 1.7%, respectively. The unused portion of the credit facility is subject to an unused facility fee ranging from .25% to .75% depending on total deposits with the creditor. All borrowings under this facility are secured by marketable securities. The outstanding balance of $3.5 million as of June 30, 2014 and December 31, 2013 was classified as long-term debt on the Company’s condensed consolidated balance sheets. Subsequent to June 30, 2014 and prior to the Company’s filing of the condensed consolidated financial statements, approximately $3.1 million of the outstanding balance on the credit facility was repaid, so the outstanding principal balance as of the date of this report is $440,000.