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NOTES PAYABLE AND LINE OF CREDIT
3 Months Ended
Oct. 31, 2011
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]
NOTE 6 – NOTES PAYABLE AND LINE OF CREDIT
 
The Company has a revolving credit agreement to establish a $3,000 line of credit facility with its primary banking institution, US Bank, effective through November 30, 2012. The interest rate of the facility is one-month LIBOR + 2% and the annual commitment fee for the current line of credit was $4. The line of credit facility was originally established on December 2, 2004.
 
 There were no borrowings made under this line of credit in the three-months ending October 31, 2011 and there was no outstanding balance as of October 31, 2011. The Company may utilize this credit facility for short-term needs in the future.