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3. Note payable due to bank
3 Months Ended
Sep. 30, 2012
Debt Disclosure [Abstract]  
3. Note payable due to bank

During October 2011, we entered into a revolving demand note (line of credit) arrangement with HSBC Bank USA, with a revolving borrowing limit of $150,000.  The line of credit bears a variable interest rate of one quarter percent (0.25%) above the prime rate (3.25% as of September 30, 2012).  This borrowing facility is renewed annually and our Company is required to maintain a separate demand deposit account with HSBC with a minimum balance equal to the outstanding borrowing.  In the event the deposit account is not established or minimum balance maintained, HSBC can charge a higher rate of interest of up to 4.0% above prime rate.   As of September 30, 2012, the loan’s interest rate was three and one half percent (3.5%) and HSBC has advanced $150,000.  The note is payable on demand.