Short-Term Borrowings

6 Months Ended

Jun. 30, 2015

Short-term Debt [Abstract]

Short-term Debt [Text Block]

8. Short-Term Borrowings

At June 30, 2015, the Company had a $60 million unsecured revolving line of credit with a bank expiring November 5, 2015. The line of credit bears interest at LIBOR plus 0.75%. At June 30, 2015, outstanding borrowings were approximately $18.1 million at an interest rate of 0.94%. The highest balance on the line of credit during the quarter was approximately $18.1 million.