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Subsequent Event
6 Months Ended
Dec. 31, 2014
Subsequent Events [Abstract]  
Subsequent Event

8.  SUBSEQUENT EVENTS

 

Effective January 1, 2015, the Company entered into an unsecured line of credit with a bank, replacing the line of credit in Note 4 and increasing the line of credit from $8.0 million to $10.0 million. This line of credit matures December 31, 2015.

 

On January 12, 2015, the Company amended its credit agreement disclosed in Note 4 to increase borrowing availability from $25.0 million to $65.0 million and extend the maturity date to December 31, 2016. The amendment also added a total funded debt to EBITDA covenant of not greater than 2.5 to 1.0 on a rolling twelve-month basis.