XML 21 R12.htm IDEA: XBRL DOCUMENT v3.22.2.2
FAIR VALUE
9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
FAIR VALUE

  

6. FAIR VALUE

 

Fair Value

 

At September 30, 2022 and December 31, 2021, the fair values of cash, accounts receivable and accounts payable approximated their carrying values because of the short-term nature of these instruments.

 

   September 30, 2022 
   Carrying
Amount
   Fair Value 
Debt        
Short-term borrowings and long-term debt  $23,692,303   $23,692,203 
           
   December 31, 2021 
   Carrying
Amount
   Fair Value 
Debt        
Short-term borrowings and long-term debt  $26,155,928   $26,155,928 
           

 

We estimated the fair value of debt using market quotes and calculations based on market rates.