XML 67 R50.htm IDEA: XBRL DOCUMENT v3.25.1
LINE OF CREDIT AND LONG-TERM DEBT (Details Narrative)
2 Months Ended 10 Months Ended 12 Months Ended
Nov. 13, 2024
USD ($)
Feb. 20, 2024
USD ($)
Mar. 23, 2023
USD ($)
Dec. 31, 2024
USD ($)
Nov. 13, 2024
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Mar. 24, 2016
USD ($)
Line of Credit Facility [Line Items]                
Current portion of line of credit       $ 2,750,000   $ 2,750,000 $ 2,400,000  
Line of credit       $ 14,640,000   $ 14,640,000 17,640,000  
Prime Rate       7.50%   7.50%    
Payments of debt issuance costs           54,334  
Long-Term Debt, Maturities, Repayments of Principal in Next Rolling 12 Months       $ 26,483   26,483    
Financing leases and notes payable       26,483   26,483 70,981  
Financing leases and notes payable current       $ 26,483   $ 26,483 44,498  
Bank United [Member]                
Line of Credit Facility [Line Items]                
Maximum leverage ratio, period 1       7.30   7.30    
Maximum leverage ratio, period 2       6.30   6.30    
Maximum leverage ratio, period 3       5.0   5.0    
Maximum leverage ratio, period 4       4.0   4.0    
Payments of debt issuance costs           $ 962,000    
Debt issuance costs       $ 36,000   36,000 82,000  
Bank United [Member] | Minimum [Member]                
Line of Credit Facility [Line Items]                
Net income required under agreement           1.00    
Minimum adjusted EBITDA           $ 1,000,000    
Bank United [Member] | Debt Instrument, Redemption, Period One [Member]                
Line of Credit Facility [Line Items]                
Minimum debt service coverage ratio future periods       1.5   1.5    
Bank United [Member] | Debt Instrument, Redemption, Period Two [Member]                
Line of Credit Facility [Line Items]                
Minimum debt service coverage ratio future periods       0.95   0.95    
Bank United [Member] | Debt Instrument, Redemption, Period Three [Member]                
Line of Credit Facility [Line Items]                
Minimum debt service coverage ratio future periods       1.5   1.5    
Revolving Credit Facility [Member]                
Line of Credit Facility [Line Items]                
Line of credit facility, maximum borrowing capacity               $ 30,000,000
Revolving Credit Facility [Member] | Bank United [Member]                
Line of Credit Facility [Line Items]                
Line of Credit Facility, Expiration Date Aug. 31, 2026              
Capitalized fee first installment     $ 250,000          
Outstanding loans       $ 17,390,000   $ 17,390,000 $ 20,040,000  
Current portion of line of credit       2,750,000   2,750,000    
Line of credit       $ 14,640,000   $ 14,640,000    
Revolving Credit Facility [Member] | Bank United [Member] | Period One [Member]                
Line of Credit Facility [Line Items]                
Line of credit facility, maximum borrowing capacity $ 16,890,000 $ 19,800,000 20,520,000   $ 16,890,000      
Revolving Credit Facility [Member] | Bank United [Member] | Period Two [Member]                
Line of Credit Facility [Line Items]                
Line of credit facility, maximum borrowing capacity 16,140,000 19,080,000 19,800,000   16,140,000      
Revolving Credit Facility [Member] | Bank United [Member] | Period Three [Member]                
Line of Credit Facility [Line Items]                
Line of credit facility, maximum borrowing capacity 15,390,000 18,360,000 19,080,000   15,390,000      
Revolving Credit Facility [Member] | Bank United [Member] | Period Four [Member]                
Line of Credit Facility [Line Items]                
Line of credit facility, maximum borrowing capacity 14,640,000 17,640,000 18,360,000   14,640,000      
Revolving Credit Facility [Member] | Bank United [Member] | Period Five [Member]                
Line of Credit Facility [Line Items]                
Line of credit facility, maximum borrowing capacity 13,890,000 16,920,000 17,640,000   13,890,000      
Revolving Credit Facility [Member] | Bank United [Member] | First Installment [Member]                
Line of Credit Facility [Line Items]                
Capitalized fee first installment     116,667          
Revolving Credit Facility [Member] | Bank United [Member] | Second Installment [Member]                
Line of Credit Facility [Line Items]                
Capitalized fee first installment     $ 133,333          
Revolving Credit Facility [Member] | Bank United [Member] | Period Six [Member]                
Line of Credit Facility [Line Items]                
Line of credit facility, maximum borrowing capacity 13,140,000 16,200,000     13,140,000      
Revolving Credit Facility [Member] | Bank United [Member] | Period Seven [Member]                
Line of Credit Facility [Line Items]                
Line of credit facility, maximum borrowing capacity $ 12,390,000 $ 15,480,000     $ 12,390,000      
Term loan [Member]                
Line of Credit Facility [Line Items]                
Debt instrument, face amount               $ 10,000,000
Revolving Loan and Term Loan [Member] | Bank United [Member]                
Line of Credit Facility [Line Items]                
Line of Credit Facility, Expiration Date   Aug. 31, 2025 Nov. 30, 2024          
Prime rate Plus       2.00% 3.50%      
Interest rate       9.50%   9.50%    
Revolving Loan [Member] | Bank United [Member]                
Line of Credit Facility [Line Items]                
Prime rate Plus 2.00%         3.50%    
Payment percentage of outstanding principal amount of revolving line of credit loans 2.00%              
Payment percentage applied to outstanding principal 50.00%              
Payment percentage retained by lenders as amendment fee 50.00%