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SHORT-TERM DEBT
6 Months Ended
Jun. 30, 2011
Debt Disclosure [Abstract]  
Short-term Debt [Text Block]
NOTE 4           SHORT-TERM DEBT

On June 30, 2011, Paradise, Inc. renewed its revolving loan agreement with the Company’s current financial institution that has a maximum limit of $12,000,000 and a borrowing limit of 80% of the Company’s eligible receivables plus up to 60% of the Company’s eligible inventory.  This agreement is secured by all of the assets of the Company and matures on June 30, 2013.  Interest is payable monthly at the bank’s LIBOR rate plus 1.9% or a floor of 3%, whichever is greater.