Term Loan and Revolving Credit Line	9 Months Ended
Sep. 30, 2011
Term Loan and Revolving Credit Line	Note 5. Term Loan and Revolving Credit Line At December 31, 2010, the Company had a $3.0 million senior secured term loan, a $1.0 million working capital credit line and a $1.0 million capital expenditure credit line. At December 31, 2010, the Company was not in compliance with certain financial covenants. On April 1, 2011, the lender granted a waiver with respect to non-compliance with the financial covenants at December 31, 2010. On April 7, 2011, the Company and its Wood Energy subsidiary amended its credit facility with the bank. In this respect, (i) the $1.0 million working capital credit line was extended to April 1, 2012, (ii) approximately $720,000 borrowed on the $1.0 million line of credit for capital expenditures was converted into a term loan and (iii) a new capital expenditure line of $500,000 was granted. The $720,000 term loan matures on September 3, 2014, the same date as Wood Energy’s existing $1,800,000 term loan. The new $500,000 capital expenditure line matures on April 1, 2012, at which time the amount outstanding will convert to a term loan which matures on September 3, 2014. The maximum loan advances on the working capital line are based on specific percentages of eligible working capital amounts, including accounts receivable and inventory. Draws on the capital expenditures line are based on 80% of the cost of such capital expenditures. The credit facility amendments contain modified financial covenants pertaining to fixed charges, total debt and minimum earnings before interest, taxes, depreciation and amortization (EBITDA) and are tested quarterly. As of September 30, 2011, the Company is in compliance with the financial covenants included in the modification and extension of its term loan and credit lines.

Term Loan and Revolving Credit Line

9 Months Ended

Sep. 30, 2011

Note 5. Term Loan and Revolving Credit Line

At December 31, 2010, the Company had a $3.0 million senior secured term loan, a $1.0 million working capital credit line and a $1.0 million capital expenditure credit line. At December 31, 2010, the Company was not in compliance with certain financial covenants. On April 1, 2011, the lender granted a waiver with respect to non-compliance with the financial covenants at December 31, 2010. On April 7, 2011, the Company and its Wood Energy subsidiary amended its credit facility with the bank. In this respect, (i) the $1.0 million working capital credit line was extended to April 1, 2012, (ii) approximately $720,000 borrowed on the $1.0 million line of credit for capital expenditures was converted into a term loan and (iii) a new capital expenditure line of $500,000 was granted.

The $720,000 term loan matures on September 3, 2014, the same date as Wood Energy’s existing $1,800,000 term loan.

The new $500,000 capital expenditure line matures on April 1, 2012, at which time the amount outstanding will convert to a term loan which matures on September 3, 2014.

The maximum loan advances on the working capital line are based on specific percentages of eligible working capital amounts, including accounts receivable and inventory. Draws on the capital expenditures line are based on 80% of the cost of such capital expenditures.

The credit facility amendments contain modified financial covenants pertaining to fixed charges, total debt and minimum earnings before interest, taxes, depreciation and amortization (EBITDA) and are tested quarterly. As of September 30, 2011, the Company is in compliance with the financial covenants included in the modification and extension of its term loan and credit lines.