Credit Agreement

3 Months Ended

Mar. 31, 2022

Credit Agreement [Abstract]

Credit Agreement

NOTE F – Credit Agreement

We have a $60.0 million revolving credit facility (the “Credit Agreement”) which matures on September 27, 2024 and is secured primarily by our inventory. Availability fluctuates based on a borrowing base calculation reduced by outstanding letters of credit.

At March 31, 2022 and December 31, 2021, there were no outstanding borrowings under the Credit Agreement. The borrowing base and net availability was $34.7 million at March 31, 2022.