Note 6 - Note Receivable

3 Months Ended

Mar. 31, 2014

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 6 – NOTE RECEIVABLE

During November 2010, we sold our terminal facility in Shreveport, Louisiana. In connection with this sale, the buyer gave us cash in the amount of $0.2 million and a note receivable in the amount of $2.1 million. The note receivable bears interest at an annual rate of 7.0%, matures in five years and has scheduled principal and interest payments based on a 30-year amortization schedule. A balloon payment in the approximate amount of $1.9 million is payable to us when the note matures in 2015. Accordingly, we deferred the approximate $0.7 million gain on the sale of this facility, and will record this gain into earnings as payments on the note receivable are received. During the three month periods ended March 31, 2014 and 2013, respectively, we recognized approximately $1,900 and approximately $1,770, respectively, of this gain. We believe that the note receivable balance at March 31, 2014, in the approximate amount of $1.9 million, is fully collectible and accordingly we have not recorded any valuation allowance against the note receivable.