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Accrued Post-Employment Obligations
3 Months Ended
Jun. 30, 2011
Compensation Related Costs, Retirement Benefits  
Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block]
NOTE 8 – Accrued Post-Employment Obligations


The Company’s estimate of post-employment obligations was increased by $43,200 during the quarter ended June 30, 2011 as a result of the amendments to the employment contracts with Paul O. Koether as Chairman and Bryan P. Healey as President and Chief Financial Officer.  The accrual for post-employment obligations is based upon the base salaries of said officers.  Therefore, although Mr. Koether’s salary was decreased from $240,000 to $120,000, Mr. Healey’s salary was increased to $168,000 from $156,000.  The net of the decrease and increase resulted in a $43,200 additional accrual.