XML 12 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Line of Credit
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Line of Credit

 

Note 4. Line of Credit

In November 2011, the Company secured a line of credit that provides a maximum borrowing of $500,000 and which matures on November 16, 2012. The credit line bears interest at 2.25% and is collateralized by a $500,000 certificate of deposit. The Company borrowed $300,000 on the line of credit as of December 31, 2011, and the borrowings have subsequently been repaid as of March 31, 2012.