SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2017

SUBSEQUENT EVENT [Abstract]

SUBSEQUENT EVENT

NOTE R – SUBSEQUENT EVENTS

VSK Joint Venture

In March 2018, the Company sold its interest in the VSK joint venture to PSK for a sales price of $676,000 and executed a distributor agreement with VSK for the sale of the Company’s EECP^® products in certain international markets.

Lines of Credit

In March 2018, the expiration dates of both the $4.0 million NetWolves and $2.0 million Vaso Corporation lines of credit were extended from March 31, 2018 to June 29, 2018.

Equity Grant

In March 2018, the Company granted, under the 2016 Stock Plan, 725,000 shares of restricted common stock to officers.  The shares vest in April 2018.