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Borrowings
3 Months Ended
Mar. 31, 2022
Subordinated Borrowings [Abstract]  
Borrowings

12. Borrowings

 

As part of the Smarteq acquisition, the Company assumed a five-year loan of approximately $0.1 million with an interest rate of 0.57%. The loan was part of a program from the French Ministry of Economy and Finance as financial support for French businesses during the COVID-19 pandemic. The loan is denominated in Euros. Payment of the principal and interest on the loan is deferred until June 2022 and the loan term ends in May 2026. The amount due within one year is $2, and the remainder is due in equal monthly payments thereafter.