Note 12 – Subsequent Event

On April 26, 2012, the Company, certain of its wholly-owned domestic subsidiaries and JPMorgan Chase Bank, N.A., as sole lender and administrative agent entered into a Credit Agreement, dated as of April 26, 2012. The Credit Agreement provides for a revolving commitment in an aggregate principal amount of up to $40,000,000, which is subject to a borrowing base derived from certain receivables, inventory, property and pledged cash. The credit arrangement matures on April 26, 2017. The Company used the proceeds of the loans borrowed on the closing date to repay in full its existing credit facility. See "Note 6 — Borrowings" for additional information.