XML 88 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
REVOLVING LINE OF CREDIT (Details Textual) (USD $)
9 Months Ended
Sep. 30, 2014
Line of Credit Facility [Line Items]  
Line of Credit Facility, Maximum Borrowing Capacity $ 2,000,000
Line of Credit Facility, Initiation Date Oct. 15, 2014
Line Of Credit Facility, Expiration Date Oct. 15, 2015
Line of Credit Facility, Interest Rate Description The facility bears interest at a rate of U.S. prime (3.25% at September 30, 2014) plus 1.25% - 1.75%
Line of Credit Facility, Remaining Borrowing Capacity $ 658,000
Debt Instrument, Covenant Description The facility contains a tangible net worth covenant requiring that, as of each monthly reporting, total assets minus intangible assets minus capitalized software development costs minus total liabilities plus subordinated debt is at least equal to $1,948,400, starting October 15, 2014, and increasing immediately by 50% for new debt or equity received and 50% of quarterly net income (with no reduction for losses).