XML 43 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 8. Line of Credit
6 Months Ended
Jun. 30, 2014
Notes to Financial Statements  
Line of Credit

Effective April 30, 2013, the Company renewed its Line of Credit and increased the amount of funds available to 80% of eligible accounts receivable, as defined in the line of credit agreement, up to a maximum of $2,000,000. The interest rate was also reduced to LIBOR plus 3.5%, and therefore was 3.65% at June 30, 2014.  The Company did now owe any amounts on the Line of Credit at June 30, 2014 and had approximately $945,000 remaining for future borrowings under the line of credit based on the calculation of eligible accounts receivable.