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NOTES PAYABLE AND LONG-TERM DEBT
 9 Months Ended
Sep. 30, 2024
NOTES PAYABLE AND LONG-TERM DEBT [Abstract]  
NOTES PAYABLE AND LONG-TERM DEBT
2. NOTES PAYABLE AND LONG-TERM DEBT

On November 2, 2023, the Company renewed the promissory note under its credit agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A. through October 31, 2024.  Under the Credit Agreement, the bank will provide the Company a credit facility of up to $5,000,000 on standard terms and conditions, including affirmative and negative covenants set forth in the Credit Agreement.  As security for the credit facility, the Company has pledged, as collateral, certain of its assets, including the Company’s cash in deposit accounts, inventory and equipment.  The interest rate is based on CME term SOFR + 210 basis points and the maturity is 1 year.  As of the date of this filing, no funds had been borrowed under this facility, and we are in compliance with all covenants.