Annual report pursuant to Section 13 and 15(d)

NOTE 11 - LINE OF CREDIT

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NOTE 11 - LINE OF CREDIT
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
NOTE 11 - LINE OF CREDIT

 

NOTE 11 – LINE OF CREDIT

 

The Company has a line of credit with Wells Fargo Bank. The line of credit provides for borrowings up to $40,000. The balance as of December 31, 2014 and 2013 was $37,996 and $39,979, respectively. This line of credit has no maturity date. The annual interest rate is the Prime Rate plus 3%. The CEO of the Company is the personal guarantor.