XML 29 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
7. MANAGEMENT PLAN TO REPURCHASE STOCK
9 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
NOTE 7. MANAGEMENT PLAN TO REPURCHASE STOCK

The Company’s Board of Directors has authorized a stock repurchase plan. Common stock will be purchased from time to time, in the open market or through private transactions, subject to market conditions. A cumulative total of $500,000 has been authorized by the Board for repurchase as of September 30, 2012.  During the three months ended September 30, 2012, the Company purchased 2,762 shares for a total cost of $10,790.  During the nine months ended September 30, 2012, the Company has purchased 74,527 shares for a total cost of $259,755.  No purchases were made prior to 2012.