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General Credit Agreement
12 Months Ended
Dec. 31, 2013
General Credit Agreement [Abstract]  
General Credit Agreement

7.GENERAL CREDIT AGREEMENT

 

The Company has a general credit and security agreement with Bremer Bank, which provides a revolving credit line of up to $3,000,000.  On May 6, 2013, the Company signed an amendment with Bremer Bank extending the expiration date from May 5, 2013 to May 5, 2014, while keeping previous provisions intact.  The Company had no borrowings under the credit line during the years ended December 31, 2013 or 2012.  The credit agreement contains certain covenants requiring the Company to maintain certain financial ratios.  The Company was in compliance with these requirements as of December 31, 2013.