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Note 6 - Lines of Credit
9 Months Ended
Sep. 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 1,350,000 (approx. $1,315,000) secured by a cash deposit. As of September 30, 2022, our bank has issued working guaranties of $306,327 to customers against the credit line.