XML 148 R31.htm IDEA: XBRL DOCUMENT v3.25.1
Subsequent Events
12 Months Ended
Dec. 31, 2024
Subsequent Events  
Subsequent Events

21.  Subsequent Events

 

On February 18, 2025, the Company renewed its line of credit with Old Dominion Bank under the same terms as its initial line of credit agreement for an additional year until February 28, 2026.

 

Effective March 1, 2025, the Company entered into a new lease agreement, to lease office space in the Hampton Virginia area. The lease commenced on March 1, 2025 and is for a term of seventy-six months, with a monthly rent obligation of $8,235, subject to annual rent increase of 3%. The operating lease resulted in the Company recording a leased right to use asset of $678,530 and associated liability.