XML 62 R46.htm IDEA: XBRL DOCUMENT

Interest Rate Swap (Details Narrative)	12 Months Ended
Interest Rate Swap (Details Narrative)	Dec. 31, 2023 USD ($)
Interest Rate Swap
Interest rate swap agreement	$ 20,000,000
Description of interest rate swap agreement	the Company pays a fixed rate of interest at 6.217% and receives an average variable rate of SOFR + 2.35% adjusted monthly
Variable rate	7.69%
Recognized a net unrealized loss	$ 21,000
Net liability	$ 21,000

The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.

+ References + Details