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LIQUIDITY	3 Months Ended
Jun. 30, 2022
Liquidity
LIQUIDITY	NOTE 3 – LIQUIDITY The Company reported a net loss of approximately $16,000 and used cash in operating activities of approximately $4,149,000 for the three months ended June 30, 2022. The current credit facility with Crestmark Bank is under an evergreen arrangement that terminates upon written notice by the Company and is subject to a termination fee if terminated by the Company anytime other than the annual renewal date of June 11. Our credit facility with Iron Horse Credit was renewed as of June 11, 2022. The Company believes that our cash on hand, working capital (net of cash), cash expected to be generated from our operating forecast, along with the availability of cash from our credit facilities (See Note 7 –FINANCING) will be adequate to meet the Company’s liquidity requirements for at least twelve months from the date of this report.

LIQUIDITY

3 Months Ended

Jun. 30, 2022

NOTE 3 – LIQUIDITY

The Company reported a net loss of approximately $16,000 and used cash in operating activities of approximately $4,149,000 for the three months ended June 30, 2022. The current credit facility with Crestmark Bank is under an evergreen arrangement that terminates upon written notice by the Company and is subject to a termination fee if terminated by the Company anytime other than the annual renewal date of June 11. Our credit facility with Iron Horse Credit was renewed as of June 11, 2022. The Company believes that our cash on hand, working capital (net of cash), cash expected to be generated from our operating forecast, along with the availability of cash from our credit facilities (See Note 7 –FINANCING) will be adequate to meet the Company’s liquidity requirements for at least twelve months from the date of this report.