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Line of Credit
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
Note 6. Line of Credit

Note 6: Line of Credit

 

On December 16, 2011, the Company renewed their working capital line of credit (the “Line of Credit”), and increased the amount available from $200,000 to $450,000.  The Line of Credit has an interest rate equal to the 30 day LIBOR rate plus 4.5%.  The Line of Credit has a twelve month term, and automatically renews on the anniversary.  No amounts were outstanding on the Line of Credit as of December 31, 2011 and 2010.