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LINE OF CREDIT
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
LINE OF CREDIT

NOTE 6. LINE OF CREDIT

 

In June 2016, the Company obtained an unsecured revolving line of credit of $40,000 from Bank of America to fund various business purchases and travel expenses. The interest rates applicable to cash advances and other drawn amounts under this line of credit are 12% and 25%, respectively. In October 2024, the Company obtained an additional unsecured revolving line of credit with a flexible spending limit, under which no preset borrowing limit applies. The additional line of credit bears interest on purchases at an average rate of approximately 28% per annum.

 

As of March 31, 2026, the Company was in compliance with the terms and conditions of each of its lines of credit. As of March 31, 2026, and December 31, 2025, the aggregate outstanding balances under the lines of credit were $266,926 and $111,352, respectively.