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v3.24.1

Note 12 - Term Loan and Line of Credit (Details Textual) - USD ($) |  | 1 Months Ended | 3 Months Ended |  |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Jan. 26, 2024 | Feb. 28, 2022 | Jan. 31, 2024 | Jan. 31, 2023 | Jul. 31, 2024 | Apr. 30, 2024 | Mar. 01, 2024 | Feb. 29, 2024 | Oct. 31, 2023 | Sep. 22, 2023 | Sep. 20, 2022
Repayments of Debt |  |  | $ 500,000 | $ (0) |  |  |  |  |  |  |
Line of Credit, Current |  |  | 500,000 |  |  |  |  |  | $ 1,000,000 |  |
Term Loan [Member] |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage |  | 3.76% |  |  |  |  |  |  |  |  |
Long-Term Debt, Gross |  |  | 12,556,000 |  |  |  |  |  |  |  |
Revolving Credit Facility [Member] |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  | 2.00% |  |  |  |  |  |  |  |  |
Long-Term Line of Credit |  |  | 500,000,000,000 |  |  |  |  |  |  |  |
Bank of America, N.A. [Member] |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity | $ 500,000 | $ 3,000,000 | 3,000,000 |  |  |  |  |  |  |  |
Debt Instrument, Face Amount |  | $ 17,000,000 | 17,000,000 |  |  |  |  |  |  |  |
Debt Instrument, Covenant, Maximum EBITDA Ratio |  | 3 |  |  |  |  |  |  |  |  |
Debt Instrument, Covenant, Fixed Charge Coverage Ratio |  | 1.25 |  |  |  |  |  |  |  |  |
Debt Instrument, Covenant Required Ebitda |  | $ 600,000 | $ 500,000 |  |  |  |  |  | (400,000) |  |
Debt Instrument, Covenant, Minimum Liquidity | 2,000,000 |  |  |  |  |  |  |  |  | $ 4,000,000 | $ 4,000,000
Debt Instrument, Covenant, Minimum Liquidity, Percentage Forecasted |  |  |  |  |  |  |  |  |  | 80.00% |
Repayments of Debt | 500,000 |  |  |  |  |  |  |  |  |  |
Long-Term Line of Credit | $ 500,000 |  |  |  |  |  |  |  | $ 1,000,000 |  |
Bank of America, N.A. [Member] | Subsequent Event [Member] |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Covenant, Minimum Liquidity |  |  |  |  |  |  |  | $ 2,000,000 |  |  |
Bank of America, N.A. [Member] | Forecast [Member] |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Covenant Required Ebitda |  |  |  |  | $ 1,000,000 | $ 1,000,000 |  |  |  |  |
Debt Instrument, Fee Required On Percentage of Outstanding Principle Balance |  |  |  |  |  |  | 1.00% | 0.50% |  |  |
Debt Instrument, Additional Payment Amount |  |  |  |  |  |  | $ 1,000,000 | $ 1,000,000 |  |  |
Line of Credit, Current |  |  |  |  |  |  | $ 500,000 |  |  |  |

X
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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-4 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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- Definition The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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