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Note 4 - Line of Credit
3 Months Ended
Jun. 30, 2013
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]

4.     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. The Company borrowed $2,000,000 under the Line of Credit in December 2012 and this balance was repaid in April 2013. Interest expense related to borrowings under the Line of Credit was $1,752 for the three months ended June 30, 2013. The Company did not request any disbursements under the Line of Credit during the three months ended June 30, 2012.