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Note 5 - Line of Credit
12 Months Ended
Mar. 31, 2013
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]

5.             Line of Credit


On March 30, 2012, the Company entered into a Line of Credit Authorization agreement (the “Line of Credit”) with Mr. Terry Myhre (“Mr. Myhre”), the Company’s Chairman and majority shareholder. The Line of Credit is unsecured, and allows the Company to borrow from Mr. Myhre up to $3,000,000 of aggregate principal upon the request of the Company. The Line of Credit has a fixed annual interest rate of 4.0%. Effective June 13, 2013, the due date on the Line of Credit was extended from March 31, 2014 to April 1, 2015. As of March 31, 2013, the Company had $2,000,000 outstanding under the Line of Credit. This balance was repaid in April 2013. Interest expense related to borrowings under the Line of Credit was $21,027 for the year ended March 31, 2013. The Company did not request any disbursements under the Line of Credit during the year ended March 31, 2012.