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Note 4 - Borrowings Under Line of Credit
9 Months Ended
Mar. 31, 2014
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]

4. Borrowings Under Line of Credit


On February 29, 2012, the Company entered into an $8 million line of credit facility, including a $1,000,000 sublimit for the issuance of standby or trade letters of credit, with PNC Bank, National Association. The interest rate is the “Eurodollar Rate”, which is calculated by using the LIBOR rate, plus a margin of 2.0%. The interest rate as of March 31, 2014 was 2.2%. The Company had no outstanding borrowings from the bank under its credit line of as of March 31, 2014 or June 30, 2013. The line expires on November 30, 2014.