v3.26.1
Subsequent Events
6 Months Ended
Jun. 30, 2026
Subsequent Events  
Subsequent Events

Note 4 -   On June 10, 2026, the Company 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 with scheduled repayments monthly bearing interest of SOFR as defined in the agreement plus 4% paid in arrears monthly on declining balance.  The funds were used to pay the remaining balance to Corbel Capital Partners SBIC, L.P., to purchase and cancel all of the outstanding warrants previously owned by Corbel, repay the sub-debt, pay all costs associated with obtaining and closing on the Bank loan and costs associated with repayment of Corbel.