XML 24 R14.htm IDEA: XBRL DOCUMENT v3.22.2
Note 6 - Lines of Credit
6 Months Ended
Jun. 30, 2022
Notes to Financial Statements  
Debt Disclosure [Text Block]

NOTE 6 - LINES OF CREDIT

 

In connection with certain orders, the Company provides to customers a working guarantee, prepayment guarantee or security bond. For that purpose, the Company has a guaranteed credit line of EUR 1,750,000 (approx. $1,820,000) secured by a cash deposit. As of June 30, 2022, our bank has issued working guaranties of $480,979 to customers against the credit line.