Quarterly report pursuant to Section 13 or 15(d)

Short-term Debt

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Short-term Debt
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Short-term Debt

 9. Short-term Debt

 

On June 30, 2024 and December 30, 2023, the Company had a line of credit with Wells Fargo and Yamaha Motor Finance for $1,250,000 and $1,250,000, respectively. On June 30, 2024 and December 31, 2023 the outstanding balance with Wells Fargo was $386,517 and $231,736, respectively. At June 30, 2024 and December 30, 2023, the outstanding balance with Yamaha Motor Finance was $304,620 and $210,674, respectively. The outstanding balances are included in account payable on the consolidated balance sheet.