Financing Arrangements	6 Months Ended
Financing Arrangements	Jun. 30, 2011
Financing Arrangements
Financing Arrangements	(NOTE 2) – Financing Arrangements: During March 2010, the Company entered into a $3,000,000 line of credit with a commercial lender secured by all the assets of the Company. In addition, the Company refinanced its existing term loans with the same aforementioned commercial lender with a five-year $4,655,000 term loan facility that matures March 2015. The aggregate amount of principal outstanding under the line of credit cannot exceed a borrowing base of eligible accounts receivable and inventory, as defined. The line of credit and term loan bear interest equal to the prime rate of interest (3.25% at June 30, 2011) plus 1% and the prime rate of interest plus 1.5%, respectively. The unpaid balance on the term loan was $3,491,000 at June 30, 2011. Outstanding borrowings under the line of credit were $1,358,000 at June 30, 2011. The Company was not in compliance with one of its financial covenants as of December 31, 2010. In March 2011, the Company and its lender agreed to (i) waive the covenant default; (ii) replace a financial covenant ratio for the first two quarters of 2011 with a new covenant related to the Company's operating profitability; (iii) modify the definition of a financial covenant; (iv) institute a new covenant related to the Company's liquidity; and (v) extend the expiration date of the Company's line of credit to August 15, 2011. The lender, in consideration of such waiver and amendment, assessed a waiver fee of $10,000 plus legal fees but did not change the interest rate on the Company's line of credit or term debt. The Company was in compliance with all of its financial covenants as of June 30, 2011 and March 31, 2011. During August 2011, the expiration date on the line of credit was extended from August 15, 2011 to October 1, 2011, unless sooner terminated for an event of default including adherence to financial covenants. The Company expects its commercial lender to further extend the line of credit until the second quarter of 2012 once they complete a quarterly review of the Company.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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