Note 4 - Lines of Credit

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Debt Disclosure [Text Block]

NOTE 4 - LINES OF CREDIT

In connection with certain orders, we provide the customer a working guarantee, a prepayment guarantee or security bond. For that purpose, we have a guaranteed credit line of DKK10,000,000 (approximately $1,650,000). As of June 30, 2021 our bank has issued working guaranties of $537,448 for our customer based on the credit line. The credit line is secured by a cash deposit of $1,500,000.