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SUBSEQUENT EVENT
9 Months Ended
Jun. 30, 2012
SUBSEQUENT EVENT  
SUBSEQUENT EVENT

12. SUBSEQUENT EVENT

 

On July 17, 2012, the Company refinanced two existing real estate notes payable due to BMO totaling approximately $4.8 million into a single note payable. The new note payable bears a fixed interest rate of 2.99% and requires monthly installments of principal and interest totaling approximately $0.5 million on an annual basis through June 2017, with the remainder due July 2017. The note payable is secured by the Company’s Quincy, IL and Rapid City, SD distribution facilities.