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DEBT
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
DEBT

NOTE 8. DEBT

 

Revolving Line of Credit

 

On November 3, 2021, the Company entered into an agreement for a revolving line of credit of $2.0 million and a blocked/restricted deposit account (“blocked account”) with Professional Bank in Coral Gables, Florida. The agreement included a variable interest rate that is based on a rate of 4.7% over what is earned on the collateral account. Based on the agreement with the bank, each draw request from the credit line will be 100% cash secured with money held from the blocked account. The line of credit expired in December 2024, and the Company paid off the credit line balance in full on January 3, 2025. The outstanding balances for the line of credit were $0.00 and $453,232 as of June 30, 2025 and December 31, 2024, respectively.