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8. REVOLVING CREDIT LINES
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
8. REVOLVING CREDIT LINES

The Company has a revolving line of credit agreement with a bank for $621,280 (GBP(£) 400,000), which bears interest at 3.8% in excess of the London Interbank Offered Rate (“LIBOR”) (effective rate of 5.4% at December 31, 2014).  The credit line is secured by accounts receivable and inventory.  The borrowings outstanding on the line as of December 31, 2014 was $402,995 (GBP(£) 259,462).  Under the terms of agreement, the Company is subject to certain customary restrictive covenants relating to, among other things, minimum tangible net worth and asset tests as defined in agreement. The Company has closed its credit cards. The Company had no balance due on these credit cards at December 31, 2014 and 2013.