Note 8 - Note Payable

12 Months Ended

Dec. 31, 2012

Short-term Debt [Text Block]

8.     Note Payable

On October 11, 2012, the Company entered into an unsecured note payable of $1.8 million.  The note, which is scheduled to mature on September 1, 2013, is payable in monthly installments of principal and interest of approximately $0.2 million and bears interest at 1.8%.  The balance of the note payable at December 31, 2012 was $1.4 million.  The note is being used to finance a portion of the Company’s annual insurance premiums and is payable to a third party other than the insurance company.

On October 14, 2011, the Company entered into an unsecured note payable of $1.8 million.  The note, which was payable in monthly installments of principal and interest of approximately $0.2 million and bore interest at 1.9%, matured on September 1, 2012.  The note was payable to a third party other than the insurance company and was being used to finance a portion of the Company’s annual insurance premiums.