On April 27, 2009, The Dewey Electronics Corporation entered into a $500,000 line of credit with TD Bank, NA. On December 17, 2015, the company received notice from the Bank that, effective December 1, 2015, the Bank had extended the term of the Line of Credit for a period of 12 months ending November 30, 2016. No other terms of the Company's revolving term note to the Bank (previously amended and restated as of November 8, 2013) were changed.