CONTINGENCIES AND COMMITMENTS |
3 Months Ended | |
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Mar. 31, 2018 | ||
| Commitments and Contingencies Disclosure [Abstract] | ||
| Commitments and Contingencies Disclosure [Text Block] |
NOTE 10 CONTINGENCIES AND COMMITMENTS Standby Letters of Credit A commercial bank issued a standby letter of credit on behalf of the Company to the states of Texas for $250,000 to allow the Company to do business there. The standby letter of credit is valid until cancelled or matured and is collateralized by the revolving credit facility with the bank. The terms of the letter of credit are extended for a term of one year at a time. The Company intends to renew the standby letters of credit for as long as the Company does business in the states of Texas. No amounts have been drawn under the standby letters of credit. |
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- References No definition available.
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- Definition The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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