Note 8 - Retirement Plans

9 Months Ended

Sep. 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 nine months ended September 30, 2013 and 2012 including the required and expected contributions:

	Nine Months Ended September 30,						Three Months Ended September 30
	2013			2012			2013			2012
Pension Benefits
Service Cost	$	195,775		$	137,136		$	65,258		$	45,712
Interest Cost		188,726			135,130			62,909			45,043
Expected Return on Plan Assets		(244,639	)		(289,543	)		(81,546	)		(96,515	)
Amortization of prior service costs		16,932			16,932			5,644			5,644
Amortization of Actuarial Loss		107,648			(3,122	)		35,883			(1,040	)
Net Periodic Pension Benefit Cost (Income) After Curtailments and Settlements	$	264,442		$	(3,467	)	$	88,148		$	(1,156	)
Minimum required contribution	$	-		$	-		$	-		$	-
Expected contribution	$	-		$	-		$	-		$	-

During the three and nine months ended September 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.