XML 56 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
NOTES PAYABLE (Details Narrative) (USD $)
9 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
Line of credit, balance $ 0
Line of credit, maximum borrowing capacity 10,000,000
Line of credit, interest rate description The most restrictive covenants of the loan require an interest coverage ratio of at least 1.5 to 1 and a Funded Debt to EBITDA ratio not to exceed 2 to 1. The line of credit and term note bears interest at the option of the Company of either the lender's prime commercial lending rate in effect or the Bank of America LIBOR rate plus 2.75%.
Note payable 8,500,000
Note payable, monthly principal payments $ 141,667