Quarterly report pursuant to Section 13 or 15(d)

LINE OF CREDIT

v3.19.2
LINE OF CREDIT
6 Months Ended
Jun. 30, 2019
LINE OF CREDIT [Abstract]  
LINE OF CREDIT

NOTE 5 – LINE OF CREDIT


The Company assumed a line of credit with Wells Fargo Bank upon merger with ISA on April 1, 2015. The line of credit provided for borrowings up to $40,000 but is now closed to future borrowing. The balance as of June 30, 2019 and December 31, 2018, was $28,704 and $31,201, respectively, including accrued interest. This line of credit has no maturity date. The annual interest rate is 12% at June 30, 2019. The former CEO of ISA is the personal guarantor.