XML 18 R8.htm IDEA: XBRL DOCUMENT

Line of Credit	3 Months Ended
Line of Credit	Mar. 31, 2015
Line of Credit
Line of Credit	3.Line of Credit. During 2014, the Company entered into a line of credit, which is collateralized by its investment balances. The total availability under the line of credit is $7,500,000 and outstanding amounts would bear interest at the 30-day LIBOR rate plus 2% (effective rate of 2.18% as of March 31, 2015). There were no amounts outstanding on this line of credit at any point during the quarter ended March 31, 2015.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details