| Schedule of Long-term Debt Instruments [Table Text Block] |
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January 31, 2014
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April 30, 2013
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Industrial Revenue Bonds, Series 2006A, 5-year adjustable interest rate based on the yield on 5-year United States Treasury Notes, plus .45% (1.89% as of October 31, 2013), due in monthly principal and interest payments beginning October 1, 2006 through maturity on September 1, 2026, secured by real estate. Effective September 1, 2011, the 5-year adjustable interest rate was reset to 1.89% for the next five years.
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$
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2,666
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$
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2,804
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Operating line of credit, $6,000,000 limit on borrowing capacity, prime rate (3.25% at January 31, 2014) plus/minus 0.5% performance based interest, due in full on October 30, 2015, secured by accounts receivable and inventory. The interest rate as of January 31, 2014 was 2.75%
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-
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-
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2,666
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2,804
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Less current maturities
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188
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185
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$
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2,478
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$
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2,619
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