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Note 3 - Restricted Cash
 9 Months Ended
Sep. 30, 2022
Notes to Financial Statements  
Cash and Cash Equivalents Disclosure [Text Block]

3.

Restricted Cash

 

Fifth Third CreditFacility

 

One of the Company’s consolidated subsidiaries, Resource Plus of North Florida, Inc. (“Resource Plus”), was a party to a revolving line of credit facility (the “Fifth Third Credit Facility”) with Fifth Third Bank for $3.5 million, with an expiration date of June 16, 2022. The credit facility was terminated as of December 31, 2021.

 

Resource Plus closed the line of credit with Fifth Third Bank on March 11, 2022. Resource Plus has maintained a letter of credit with an existing $857,000 restricted cash balance with Fifth Third Bank in order to be in compliance with Resource Plus' workers compensation insurance policy.

 

The Company's total cash, cash equivalents and restricted cash, as presented in the consolidated statements of cash flow, is as follows (in thousands):

 

    September 30, 2022     December 31, 2021  
Cash, cash equivalents and restricted cash   $ 11,264     $ 13,473  
Restricted cash included in cash, cash equivalents and restricted cash     857       -  
Total as presented in the consolidated statement of cash flows   $ 12,121     $ 13,473