5. Revolving Line of Credit |
6 Months Ended |
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Jun. 30, 2018 | |
| Revolving Line Of Credit | |
| 5. Revolving Line of Credit |
The Company has a revolving line of credit with a bank providing for demand or short-term borrowings of up to $1,000,000. The line expires on May 31, 2020. As of June 30, 2018, no amounts were outstanding under this line of credit. The Company did not borrow against this line of credit in the last twelve months. |
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- References No definition available.
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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