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Note 7 - Subsequent Events
3 Months Ended
Mar. 31, 2013
Notes  
Note 7 - Subsequent Events

NOTE 7 – SUBSEQUENT EVENTS

 

On April 17, 2013, the Company redeemed the certificate of deposit collateral which supported the irrevocable stand-by letter of credit (see Note 6) with a face value of $500,000 issued to PUCT for the purpose of maintaining regulatory certification.   The certificate of deposit supporting the irrevocable stand-by letter of credit was replaced with credit under credit facility agreements.