Note 3 - Notes Receivable

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Financing Receivables [Text Block]

3. NOTES RECEIVABLE

In 2023, we entered into and advanced $650,000 on a Promissory Note with a privately held technology company and program manager in the Financial Technology (FinTech) industry with a maturity date of December 2028 and an annual interest rate of 5.25 percent. In the first quarter of 2024, we entered into and advanced a $200,000 Promissory Note with a maturity date of December 2028 and an annual interest rate of 5.25 percent. The carrying value of the current portion of our notes receivable of $240,000 at March 31, 2025 is included in other current assets on the Consolidated Balance Sheets. The carrying value of the noncurrent portion of our note receivable of $299,000 at March 31, 2025 is included in other long-term assets on the Consolidated Balance Sheets.