Note J - Line of Credit

9 Months Ended

Sep. 29, 2024

Notes to Financial Statements

Debt Disclosure [Text Block]

NOTE J – LINE OF CREDIT

The Company has maintained an unsecured line of credit for short term operating cash needs of $10,000,000 and $5,000,000 as of September 29, 2024 and December 31, 2023, respectively. There were no amounts outstanding under this line of credit as of September 29, 2024 and December 31, 2023, which expires September 30, 2025. The interest rate on the line of credit is reset monthly to the 30-day Secured Overnight Financing Rate (SOFR) plus one percent.