SHORT-TERM BORROWINGS	12 Months Ended
Dec. 31, 2021
SHORT-TERM BORROWINGS
SHORT-TERM BORROWINGS	11. SHORT-TERM BORROWINGS At December 31, 2021, the Company had a $40 million revolving line of credit with a bank that is secured by a lien against the Company’s general corporate assets. The line of credit bears interest at LIBOR plus 1.35% and expires on November 4, 2022. The related credit agreement contains customary representations, warranties, and covenants (including a minimum tangible net worth financial covenant) for a facility of this type. At December 31, 2021 and 2020, there were no amounts outstanding on the Company’s line of credit. There were also no amounts outstanding on the line of credit during 2021.

SHORT-TERM BORROWINGS

12 Months Ended

Dec. 31, 2021

11. SHORT-TERM BORROWINGS

At December 31, 2021, the Company had a $40 million revolving line of credit with a bank that is secured by a lien against the Company’s general corporate assets. The line of credit bears interest at LIBOR plus 1.35% and expires on November 4, 2022. The related credit agreement contains customary representations, warranties, and covenants (including a minimum tangible net worth financial covenant) for a facility of this type.

At December 31, 2021 and 2020, there were no amounts outstanding on the Company’s line of credit. There were also no amounts outstanding on the line of credit during 2021.