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Note 5 - Note Payable to Bank
9 Months Ended
Oct. 31, 2012
Debt Disclosure [Text Block]
5. NOTE PAYABLE TO BANK

As of October 31, 2012, the Trust has a revolving bank line of credit agreement, with a credit limit of $600,000.  The line of credit bears interest at the prime rate plus 1.00% per annum with a 6.0% rate floor and has no financial covenants.  As of October 31, 2012, the line was secured by a junior security interest in the Yuma, Arizona property and the Trust’s trade receivables.  Mr. Wirth is a guarantor on the line of credit.  The Trust had drawn funds of $600,000 on this line of credit as of October 31, 2012. On June 22, 2012, the line of credit was extended for one year to June 23, 2013. And, on September 12, 2012, the lender increased the credit limit on the line to $600,000.