XML 25 R14.htm IDEA: XBRL DOCUMENT v3.20.2
Line of Credit
3 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]

Note 7 – Line of Credit


In March 2020, Bank of America extended the line of credit to January 31, 2021. The new agreement includes a line of credit up to $690,000. Monthly payments are interest only. The line is collateralized by substantially all of the assets of the Company. 


As of June 30, 2020 and March 31, 2020, the outstanding balances were $680,000 and $680,000, respectively.  As of June 30, 2020 the remaining availability under this line is $10,000. The interest rate at June 30, 2020 was 3.94%.