Note 3 - Notes Receivable

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Financing Receivables [Text Block]

3. NOTES RECEIVABLE

In February 2021, we entered into and advanced a $550,000 Promissory Note with a privately held technology company and program manager in the FinTech industry. The note bears interest at the rate of 4.6 percent annually with the maturity date of October 2023. The carrying value of the current portion of our note receivable of $202,000 at September 30, 2022 is included in other current assets on the Consolidated Balance Sheets. The carrying value of the noncurrent portion of our note receivable of $9,000 at September 30, 2022 is included in other long-term assets on the Consolidated Balance Sheets.