LINE OF CREDIT

3 Months Ended

Dec. 31, 2011

Debt

Short-term Debt [Text Block]

NOTE 7. LINE OF CREDIT

The Company’s revolving line of credit agreement includes covenants requiring the Company to maintain certain financial ratios. As of December 31, 2011, the Company was out of compliance with the “minimum pre-tax income by quarter” covenant (rolling twelve-month calculation); however, the Company received a waiver of compliance from the lender as of December 31, 2011 and for the six months then ended.