Note 4 - Lines of Credit

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Debt Disclosure [Text Block]

NOTE

4

 - LINES OF CREDIT

In connection with certain orders, we have to give the customer a working guarantee or a prepayment guarantee or security bond. For that purpose, we have a guarantee credit line of DKK

94,620

(approximately

$14,240

at

March 31, 2019)

with a bank, subject to certain base limitations. As of

March 31, 2018,

we had DKK

94,620

(approximately

$15,743

) in working guarantee against the line. This line of credit is guaranteed by Vækstfonden (the Danish state's investments fund) and is secured by certain assets of LiqTech Systems such as receivables, inventory and equipment.