BORROWINGS REVOLVING LINE OF CREDIT

12 Months Ended

Dec. 31, 2014

Borrowings Revolving Line Of Credit

BORROWINGS REVOLVING LINE OF CREDIT

Note 7 BORROWINGS REVOLVING LINE OF CREDIT

The Company has a $2 million revolving line of credit with a financial institution. Interest on this line of credit is prime plus .25%. The prime rate at December 31, 2014 and 2013 was 3.25%. The outstanding balance on the revolving line of credit was $926,167 and $602,617 at December 31, 2014 and 2013, respectively. Interest is payable monthly, and principal is payable on demand. The revolving line of credit is collateralized by a first lien security interest in the Company’s account receivable.