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Note 16 - Subsequent Events | 12 Months Ended
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Dec. 31, 2014
Notes |
Note 16 - Subsequent Events | Note 16 – Subsequent Events The Company evaluated its December 31, 2014 financial statements for subsequent events through the date the financial statements were issued. In February 2015, UTMD fully paid off its JPMorgan bank loan balances. The Company is not aware of any other subsequent events which would require recognition or disclosure in the financial statements.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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