Quarterly report pursuant to Section 13 or 15(d)

RESTRICTED CASH

v3.19.1
RESTRICTED CASH
3 Months Ended
Mar. 31, 2019
Receivables [Abstract]  
RESTRICTED CASH

NOTE 2 – RESTRICTED CASH

 

As of December 31, 2018, the Company’s cash balance included restricted cash of $1,002,683. In March 2019, the Company closed the credit facility securing the restriction on the restricted cash account, and as such, no cash balance was restricted as of March 31, 2019. The restricted cash served as a collateral to the line of credit (see Note 4) opened with a bank in March 2017.