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Note 11 - Line of Credit
 3 Months Ended
Mar. 31, 2022
Line of Credit [Member]  
Notes to Financial Statements  
Debt Disclosure [Text Block]

NOTE 11. LINE OF CREDIT

 

At the time of the DERMAdoctor Acquisition, DERMAdoctor had a line of credit agreement with Bank Midwest for $500 thousand. There was no balance outstanding on the line of credit at the time of Acquisition Closing. The line of credit was terminated and repaid in full on January 6, 2022. The line of credit had an interest rate equal to the Wall Street Journal Prime Rate plus 1.50% with a floor of 5.00%. All borrowings were collateralized by substantially all assets of DERMAdoctor. As of March 31, 2022, there was no outstanding balance on the line of credit.