Annual report pursuant to Section 13 and 15(d)

Restricted Cash

v3.20.1
Restricted Cash
12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
RESTRICTED CASH

NOTE 2 – RESTRICTED CASH

 

As of December 31, 2018, the Company's cash balance included restricted cash $1,002,683. In March 2019, the Company closed the credit facility securing the restricted cash account, and as such, no cash balance was restricted as of December 31, 2019. The restricted cash served as a collateral for the line of credit (see Note 5) opened with a bank in March 2017 and closed in March 2019.