v3.26.1
Lines of Credit
12 Months Ended
Dec. 31, 2025
Lines of Credit  
Lines of Credit

7. Line of Credit

 

As of December 31, 2025 the Company had terminated its Demand Line of Credit with First National Bank of Pennsylvania which had provided borrowings up to $300,000 for regular working capital needs and bore interest at the U.S. Prime Rate.  The line of credit was secured by a pledge of the Company's assets and as a result of the sale of the Genie® Division of the Benchtop Laboratory Equipment Operations on August 7, 2025, the Company terminated the line of credit.  There were no borrowings outstanding as of December 31, 2025 or 2024.