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LINE OF CREDIT
12 Months Ended
Dec. 31, 2013
LINE OF CREDIT  
LINE OF CREDIT

8.                           LINE OF CREDIT

 

The Company has a $1,250,000 bank line of credit that provides for working capital financing.  This line of credit is subject to renewal on May 31, 2015, is collateralized by trade receivables and inventories, and bears interest at 2.5 percentage points over 30-day LIBOR.  There were no outstanding borrowings under this line of credit at December 31, 2013 and 2012.  There are no financial covenants related to the line of credit.