XML 65 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 15 - Commitments and Contigencies
 12 Months Ended
Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]

15.   COMMITMENTS AND CONTINGENCIES


The Company is not a party to any pending legal proceedings which management believes to be material to the Consolidated financial statements of the Company. The Company maintains liability insurance against risks arising out of the normal course of its business.


We are a defendant in a collective-action lawsuit which was filed on August 22, 2013, in the United States District Court for the Western District of Arkansas. The plaintiffs, who are current and former drivers and who worked for the Company during the period of August 22, 2010, through the date of the filing, allege claims for unpaid wages under the Fair Labor Standards Act and the Arkansas Minimum Wage Law. The complaint alleges that the Company failed to pay newly hired drivers minimum wage during orientation, training, and while traveling during normal business hours and that the Company failed to pay all drivers when working on assignment for more than 24 hours. The plaintiffs seek to enjoin the Company from continuing its current pay practices related to the allegations. They also seek actual damages, liquidated damages equal to accrual damages, court costs, and legal fees. The lawsuit is currently in the discovery stage. We cannot reasonably estimate at this time the possible loss or range of loss, if any, that may arise from this lawsuit. Management has determined that any losses under this claim would not be covered by exisiting insurance policies.


The Company leases certain premises under noncancelable operating lease agreements. Future minimum annual lease payments under these leases are as follows:


2014

  $ 369,483  

2015

    77,460  

2016

    -  

2017

    -  

2018 and thereafter

    -  
         

Total

  $ 446,943  

Total rental expense, net of amounts reimbursed for the years ended December 31, 2013, 2012 and 2011 was approximately $1,572,000, $1,555,000, and $1,602,000, respectively.