XML 29 R19.htm IDEA: XBRL DOCUMENT v3.23.1
Line of Credit
3 Months Ended
Mar. 31, 2023
Line of Credit [Abstract]  
Line of credit

11. Line of credit

 

As of March 31, 2023 and December 31, 2022, the balance of the line of credit was $138,707 and $140,060, respectively. The Company has a line of credit with Chase Bank with a credit limit of $250,000, for which no additional borrowings are permitted. The line of credit has a variable interest rate equal to the sum of the prime rate plus 1.64%. During the three months ended March 31, 2023, the Company repaid $1,353 towards the line of credit balance.