Short-Term Borrowings	6 Months Ended
Jun. 30, 2023
Short-Term Borrowings
Short-Term Borrowings	11. Short-Term Borrowings At June 30, 2023, we had a $50.0 million revolving line of credit with a bank that is secured by a lien against our general business assets, and expires on September 28, 2023. Outstanding advances on the line of credit bear interest at the one-month term secured overnight financing rate (“SOFR”) plus 145 basis points. Our line of credit agreement contains representations, warranties, and covenants (including a minimum tangible net worth financial covenant) that are customary for a facility of this type. At June 30, 2023, outstanding borrowings on the line of credit totaled approximately $2.6 million at an interest rate of 6.54%, and we were in compliance with all financial covenants.

Short-Term Borrowings

6 Months Ended

Jun. 30, 2023

11. Short-Term Borrowings

At June 30, 2023, we had a $50.0 million revolving line of credit with a bank that is secured by a lien against our general business assets, and expires on September 28, 2023. Outstanding advances on the line of credit bear interest at the one-month term secured overnight financing rate (“SOFR”) plus 145 basis points. Our line of credit agreement contains representations, warranties, and covenants (including a minimum tangible net worth financial covenant) that are customary for a facility of this type. At June 30, 2023, outstanding borrowings on the line of credit totaled approximately $2.6 million at an interest rate of 6.54%, and we were in compliance with all financial covenants.