XML 24 R13.htm IDEA: XBRL DOCUMENT v3.4.0.3
Subsequent Event
3 Months Ended
Mar. 31, 2016
Subsequent Event  
Subsequent Event

8.Subsequent Event

 

On April 29,  2016, the Company obtained a term note from a bank totaling  $3,415,000 aggregate principal amount.  The note carries monthly payments of $18,000 and bears an interest of 2.14% per year.  The interest rate is fixed for 5 years and will reset after that period.  The note matures in May 2041 and is secured by the Company’s facility located in Morgan Park, MN.