XML 42 R31.htm IDEA: XBRL DOCUMENT v3.22.2.2
Debt and Shareholders' Equity (Details Narrative)
1 Months Ended 3 Months Ended 9 Months Ended
Nov. 08, 2022
May 31, 2022
USD ($)
Sep. 30, 2022
USD ($)
shares
Sep. 30, 2021
shares
Sep. 30, 2022
USD ($)
shares
Sep. 30, 2021
USD ($)
shares
May 30, 2022
USD ($)
Dec. 31, 2021
USD ($)
Long Term Debt And Stockholders Equity [Line Items]                
Aggregate proceeds from exercise of employee stock options     $ 67,658   $ 77,658      
Cash settlement of stock options         $ 108,000 $ 211,000    
Common Stock                
Long Term Debt And Stockholders Equity [Line Items]                
Issuance of common stock (shares) | shares     5,239 30,479 5,966 220,774    
Stock issued during period shares new issues related to net share settlement | shares     8,117   8,117      
Minimum | Subsequent Event                
Long Term Debt And Stockholders Equity [Line Items]                
Credit facility interest rate SOFR +1.75%              
Increased ratio of funded debt to EBITDA 4.75              
Maximum | Subsequent Event                
Long Term Debt And Stockholders Equity [Line Items]                
Credit facility interest rate SOFR + 2.35%              
Increased ratio of funded debt to EBITDA 5.75              
HSBC Bank                
Long Term Debt And Stockholders Equity [Line Items]                
Credit facility borrowing capacity   $ 65,000,000         $ 50,000,000  
Credit facility interest rate   Secured Overnight Financing Rate (“SOFR”) plus 1.75%            
Revolving agreement expiration date   May 31, 2026            
Facility fee per annum   0.125%            
Outstanding borrowings under revolving loan agreement     $ 57,131,000   $ 57,131,000     $ 33,037,000
HSBC Bank | Secured Overnight Financing Rate (“SOFR”)                
Long Term Debt And Stockholders Equity [Line Items]                
Interest rate   1.75%            
First Aid Only Distribution Center                
Long Term Debt And Stockholders Equity [Line Items]                
Covenant terms and compliance         Under the revolving loan agreement, the Company is required to maintain specific amounts of funded debt to EBITDA, a fixed charge coverage ratio and must have annual net income greater than $0, measured as of the end of each fiscal year.commencing in the third quarter of 2022 and includes an increase in the funded debt to EBITDA ratio for the four quarters ranging from a low of 4.75 to 1 to a high of 5.75 to 1. The amendment also increases the interest rate from SOFR +1.75% up to a high of SOFR + 2.35% on a basis that varies on a quarterly basis with the leverage ratio. The increase in the ratio brought the Company into compliance with the covenant as of September 30, 2022, and going forward, provides the Company with flexibility to conduct its business in light of current and anticipated economic conditions. As of September 30, 2022, the Company was in compliance with the covenants under the revolving loan agreement, as amended      
Fixed interest rate     3.80%   3.80%      
Mortgage maturity date         December 1, 2031