(8)      TERM LOAN

On June 29, 2012, the Company entered into a $2.0 million term loan (the "Term Loan") with an interest rate of LIBOR plus a LIBOR rate margin of 2.0%.  The principal amount borrowed is payable quarterly in 20 equal payments of $100,000 plus interest beginning September 30, 2012.  The Term Loan matures on June 30, 2017.  The Term Loan requires the Company to comply with certain covenants and financial ratios.  At September 30, 2012, the Company was in full compliance with all of its covenants under the Term Loan.