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LINE OF CREDIT AND OTHER BORROWINGS (Details Narrative) - Loan Agreement [Member] - USD ($)
$ in Thousands
Jul. 03, 2023
Dec. 01, 2017
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]    
Line of credit facility, maximum borrowing capacity $ 15,000 $ 15,000
Line of credit facility, additional borrowing capacity $ 1,000  
Line of credit facility, expiration date Jun. 01, 2028 Dec. 01, 2022
Line of credit facility, interest rate description The Applicable Margin for the Term SOFR Reference Rate is plus 0.75% to plus 1.75%, and for Prime Rate, up to plus 0.50%, depending upon the Company’s then existing specified financial ratios. As of March 31, 2024, the Company’s ratio would allow for the most favorable rate under the Facility’s ranges or 6.07%. The loan agreement provided for the payment of any borrowings under the agreement at an interest rate range of either LIBOR plus 0.75% to plus 1.75% (for borrowings with a fixed term of 30, 60, or 90 days), or Prime Rate up to Prime Rate plus 0.50% (for borrowings with no fixed term other than to the effective date of the Facility of July 3, 2023), depending upon the Company’s then existing financial ratios.
Line of credit facility, commitment fee description The Company is also required to pay on a quarterly basis an unused facility fee of 10 basis points of the average unused balance of the note and an annual commitment fee of $5,000 due and payable on each anniversary date of the Facility. The Company was also required to pay on a quarterly basis an unused facility fee of 10 basis points of the average unused balance of the note.
Commitment fee $ 5