Note 15 - Subsequent Events |
12 Months Ended |
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Apr. 03, 2022 | |
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| Subsequent Events [Text Block] |
Note 15 – Subsequent Events
On June 2, 2022, the Company’s financing agreement with CIT was amended to transition from the LIBOR reference rate to SOFR plus 1.6%. The Company has evaluated events that have occurred between April 3, 2022 and the date that the accompanying financial statements were issued, and has determined that there are no other material subsequent events that require disclosure.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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