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Short-term Debt
3 Months Ended
Mar. 31, 2014
Short-term Debt: [Abstract]  
Short-term Debt
Note 9
Short-term Debt:
 
Term-Note Credit Facility
In December 2013, the Company, through its subsidiary, Radiancy, Inc., entered into a term-note facility with JP Morgan Chase (“Chase”). The facility has maximum principal amount of $15 million and is for a term of one year. As of March 31, 2014 and December 31, 2013, the Company had total borrowings of $5 million and $10 million, respectively, under this facility. The stated interest rate for any draw under the credit facility was set as the greater of (i) prime rate, (ii) federal funds effective rate plus .5% or (iii) LIBOR plus 2.5%. Each draw has a repayment period of one year with principal due at maturity, although any draw may be paid early with penalty.