Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
 6 Months Ended
Apr. 01, 2018
Subsequent Events [Abstract]  
Subsequent Events

Note 9 Subsequent Events

 

The Company amended its revolving credit facility with Avidbank pursuant to a Seventh Amendment to the Amended and Restated Loan Agreement, dated as of April 5, 2018. The substantive amendments are as follows:

  

  ● The new revolving maturity date is April 21, 2020:

 

  ● On April 21, 2018 and each anniversary thereof for so long as the Revolving Facility is in effect, the Company shall pay a facility fee equal to one half of one percent (0.5%) of the Revolving Line.

  

  ● The Company can maintain accounts at third party banks so long as the total in those other bank accounts does not exceed 20% of the total on deposit at Avidbank, and it shall remit to Avidbank monthly statements for all of those accounts within 30 days of the end of each month.