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Subsequent Events
9 Months Ended
Sep. 30, 2018
Subsequent Events  
Subsequent Events

Note 18. Subsequent Events

 

On November 6, 2018, the Company entered into a Credit Agreement, by and between the Company and Wells Fargo Bank, National Association, which established a $10 million revolving line of credit. The line of credit is collateralized by substantially all of the assets of the Company located within the United States, subject to certain exceptions. The line of credit has a two year term and any advances thereunder will bear interest at a rate based on the daily one month London Inter-bank Offered Rate (“LIBOR”) plus two percent (2.0%).  As of November 7, 2018, no proceeds have been drawn down on this line of credit.