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Note 12 - Texas Sales And Use Tax Audit
3 Months Ended
Mar. 31, 2018
Disclosure Text Block [Abstract]  
NOTE 12 - Texas Sales And Use Tax Audit

NOTE 12 - TEXAS SALES AND USE TAX AUDIT

 

Summer LLC is currently under audit for Texas sales and use tax by the Comptroller of Public Accounts (“Comptroller”) for the period from February 2013 through July 2016.   On February 20, 2018, the Comptroller reported its assessment for additional Texas sales and use tax to be paid by the Company.  As of March 31, 2018 and December 31, 2017, the Company has accrued $375,000 relating to the assessment.