Note 10 - Revolving Line of Credit

12 Months Ended

Dec. 28, 2024

Notes to Financial Statements

Debt Disclosure [Text Block]

(10) Revolving Line of Credit

In May 2023, the Company entered into a line of credit (LOC) agreement in the amount of $3.0 million with Rockland Trust Company. The LOC is secured by the accounts receivable and other assets of the Company and has an interest rate of the National Prime Rate as published by the Wall Street Journal (7.5% at December 28, 2024). On December 28, 2024, the Company had $0 of borrowings under this LOC and its borrowing base at the time would have permitted an additional $3.0 million to have been borrowed.  The LOC remains in effect until terminated per mutual agreement by both parties.  Total Interest Expense for 2024 was $0 and was $0 for 2023.