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Note 7 - Lines of Credit
 12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Debt Disclosure [Text Block]

NOTE 7 - LINES OF CREDIT

 

In connection with certain orders, we provide the customer a working guarantee, a prepayment guarantee or a security bond. For that purpose, we have a guaranteed credit line of DKK13,000,000 (approximately $2,000,000). As of December 31, 2021, our bank has issued working guaranties of $643,961 for our customers based on the credit line. The credit line is secured by a cash deposit of $2,000,000.