Note 8 - Retirement Plans

6 Months Ended

Jun. 30, 2013

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

8.    Retirement Plans:

The Company sponsors a Defined Benefit Retirement Plan for its employees and records net periodic pension benefit / cost pro rata throughout the year. The following table provides the components of net periodic pension benefit cost for the plan for the three and six -months ended June 30, 2013 and 2012 including the required and expected contributions:

		Six Months Ended						Three Months Ended
		June 30,						June 30,
		2013			2012			2013			2012
Pension Benefits
Service Cost	$	130,517		$	91,423		$	37,754		$	45,712
Interest Cost		125,817			90,086			62,908			45,043
Expected Return on Plan Assets		(163,093	)		(193,028	)		(81,546	)		(96,514	)
Amortization of prior service costs		11,288			11,288			5,644			5,644
Amortization of Actuarial Loss		71,765			(2,080	)		35,882			(1,040	)
Net Periodic Pension Benefit Cost (Income) After Curtailments and Settlements	$	176,294		$	(2,311	)	$	60,642		$	(1,155	)
Minimum required contribution	$	-		$	-		$	-		$	-
Expected contribution	$	-		$	-		$	-		$	-

During the three and six-months ended June 30, 2013, the Company did not make any contribution to the plan. The Company does not have a minimum required contribution for the December 31, 2013 plan year, and is not expecting to make a contribution for the related plan year.