NOTE 11 – LINE OF CREDIT

The Company entered into a $4,000,000 revolving line of credit facility with HSBC NA on November 27, 2019, with the interest rate established as the applicable prime rate. This revolving line of credit facility is subject to annual renewal and has been extended to November 2024. We have not utilized this line of credit and the outstanding balance on the line of credit was $0 as of October 31, 2023, and October 31, 2022.