The Company has a $7,000,000 line of credit with Salem Five Cents Savings Bank at December 31, 2022 and 2021, borrowings on this line of credit amounted to zero. The line bears interest at prime rate plus .5% per annum. At December 31, 2022 and 2021, the interest rate was 8.00% and 4.00%, respectively. The line is reviewed annually and is due on demand. This line of credit is secured by substantially all assets of the Company.