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Note 3 - Lines of Credit
6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Debt Disclosure [Text Block]
 
NOTE
3
 - LINES OF CREDIT
 
In connection with certain orders, we have to convey the customer a working guarantee or a prepayment guarantee or security bond. For that purpose, we have a guarantee credit line of DKK
94,620
(approximately
$14,427
at
June 30, 2019)
with a bank, subject to certain base limitations. As of
June 30, 2018,
we had DKK
94,620
(approximately
$14,801
) in working guarantee against the line. This line of credit is guaranteed by Vækstfonden (the Danish state's investments fund) and is secured by certain assets of LiqTech Systems such as receivables, inventory and equipment.