• Filing Date: 2018-08-20
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
Note 8 - Line of Credit
3 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Debt Disclosure [Text Block]
NOTE 
8
– LINE OF CREDIT
 
On
June 15, 2018,
the Company obtained an unsecured revolving line of credit, with a limit of
$400,000.
  The line expires
May 16, 2019
,
renewing automatically every year.  The Company is required to make monthly interest payments, at a rate of
5.37%.
  Any unpaid principal will be due upon maturity.  At
June 30, 2018,
the outstanding balance was
$35,000.