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Re: mikeonmicrocaps post# 2445

Tuesday, 05/14/2019 5:25:56 PM

Tuesday, May 14, 2019 5:25:56 PM

Post# of 3662
Also worth noting, they paid off that $250k credit line...

“On April 20, 2016, the existing line of credit was increased from $150,000 to $250,000 with an extended maturity date of April 20, 2019. The outstanding balance as of March 31, 2019 and 2018 was $86 and $120,513, respectively. The Company repaid the line of credit $72,811 during the three months ended March 31, 2019. Interest expense relating to this line of credit for the three months ended March 31,2019 and 2018 was $1,386 and $1,454, respectively.”
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