Short-Term Borrowings	6 Months Ended
Jun. 30, 2022
Short-Term Borrowings
Short-Term Borrowings	12. Short-Term Borrowings At June 30, 2022, 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 June 30, 2022, outstanding borrowings were approximately $5.4 million at an interest rate of 2.47%.

Short-Term Borrowings

6 Months Ended

Jun. 30, 2022

12. Short-Term Borrowings

At June 30, 2022, 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 June 30, 2022, outstanding borrowings were approximately $5.4 million at an interest rate of 2.47%.