v3.26.1
Subsequent Events
3 Months Ended
Mar. 31, 2026
Subsequent Events  
Subsequent Events

Note 4 - Subsequent to the first quarter report, the Company, on June 10, 2026, entered into a Credit Agreement with Lake Forest Bank and Trust Company, N.A. for a new five-year term loan in the amount of $6,900,427.17 bearing interest of SOFR as defined in the agreement plus 4%, which was used to pay the remaining balance to Corbel Capital Partners SBIC, L.P., to repay the outstanding sub-debt of $500,000, to purchase and cancel all outstanding warrants owned by Corbel Capital Partners SBIC, L.P., plus all closing costs associated with that new loan and repayment of Corbel.