XML 51 R40.htm IDEA: XBRL DOCUMENT v3.24.3
Long-Term Debt - Revolving Line of Credit (Details) - USD ($)
3 Months Ended
Jul. 07, 2023
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Long-Term Debt        
Total long-term debt   $ 35,371,000   $ 31,744,000
Additional deferred financing costs   0 $ 228,000  
Credit Agreement        
Long-Term Debt        
Outstanding borrowings   $ 7,000,000    
Revolving Credit Facility | Revolving Credit Facility 2023 | Line of Credit        
Long-Term Debt        
Covenant compliance expected, period   1 year    
Revolving Credit Facility | Credit Agreement | Line of Credit        
Long-Term Debt        
Total long-term debt   $ 7,000,000   $ 3,000,000
East West Bank | Revolving Credit Facility 2023        
Long-Term Debt        
Borrowing capacity $ 10,000,000      
Additional incremental borrowing capacity $ 5,000,000      
Spread on variable rate (as percent) 0.10%      
Interest rate (as percent) 3.00%      
Minimum loan rate to be maintained on loan effective rate (as percent) 0.50%      
Percentage of interest rate added to loan rate in the event of default (as percent) 5.00%      
Quarterly minimum fixed coverage ratio 1.25      
Revolving credit availability for defining value of eligible advances to aggregate amount of all outstanding advances ratio $ 1,000,000      
Value of eligible accounts to the aggregate amount of all outstanding advances ratio 2.0      
East West Bank | Revolving Credit Facility 2023 | Last Day of Each Fiscal Quarter from June 30, 2023 through December 31, 2023        
Long-Term Debt        
Total funded Debt-to-EBITDA ratio 3.50      
East West Bank | Revolving Credit Facility 2023 | Last Day of Each Fiscal Quarter from March 31, 2024 through March 31, 2025        
Long-Term Debt        
Total funded Debt-to-EBITDA ratio 3.25      
East West Bank | Revolving Credit Facility 2023 | Last Day of Each Fiscal Quarter from June 30, 2025 and Thereafter        
Long-Term Debt        
Total funded Debt-to-EBITDA ratio 3.00