REVOLVING CREDIT FACILITIES (Details) - Schedule of Line of Credit Facilities (Parentheticals) - USD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 06, 2022 |
Jun. 30, 2023 |
Jun. 30, 2023 |
Jun. 30, 2022 |
|
Line of Credit Facility [Line Items] | ||||
Interest paid | $ 342,081 | $ 128,798 | ||
Interest rate | 8.50% | 8.50% | ||
Line of Credit [Member] | Maple Mark Revolver [Member] | ||||
Line of Credit Facility [Line Items] | ||||
Credit Facility | $ 2,014,333 | $ 3,000,000 | $ 3,000,000 | |
Interest | Any amounts borrowed under the MapleMark Revolver will bear interest at the greater of (a) the Base Rate (the rate of interest per annum quoted in the “Money Rates” section of The Wall Street Journal from time to time and designated as the “Prime Rate”) plus 0.25% per annum and (b) 3.50% per annum. | |||
Credit facility extended | The MapleMark Revolver originally was due to mature on May 27, 2023. The Company applied for a USDA Guarantee and on June 9, 2023, this guarantee was approved. At this time, the Revolver was expanded to $3,000,000 and its term extended to May 27, 2024. | |||
Interest paid | $ 45,599 | $ 85,438 |