v3.25.2
Note 5 - Bank Financing
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Debt Disclosure [Text Block]

5.

Bank Financing –

 

Revolving Credit Line

 

The Company has a revolving credit line of up to $500,000 that expires on February 1, 2026. The line of credit is collateralized by all receivables, inventory, equipment, and general intangibles of the Company. The Company had no borrowings under the credit line during the six months ended June 30, 2025 and 2024.  Interest on outstanding borrowings is payable monthly and charged at the Prime Rate, which was 7.5% and 8.25% subject to a floor of 3.75% at  June 30, 2025 and 2024, respectively.