Credit Agreements (Details Narrative) - Loan Agreement |
1 Months Ended |
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Feb. 29, 2024
USD ($)
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| Line of credit borrowing capacity | $ 4,000,000 |
| Borrowing base amount | 4,000,000 |
| Minimum annual EBITDA | $ 100,000.0 |
| Description of borrowing term | a ratio of current assets to current liabilities of not less than 1.0 to 1.0 |
| Description of date of maturity extention | Outstanding interest on the amount borrowed is payable monthly and all outstanding interest and principal is due on the maturity date of February 28, 2026 |
| Annually minimum tangible net worth | $ 200,000.0 |
| Percentage of interest for outstanding balance of credit | 7.25% |
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- Definition The average effective interest rate during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of tangible capital as defined by regulatory framework. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- References No definition available.
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- Details
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