Note 6 - SBA Paycheck Protection Program Loan	9 Months Ended
Sep. 30, 2021
SBA Paycheck Protection Program Loan
SBA Paycheck Protection Program Loan	NOTE 6—SBA PAYCHECK PROTECTION PROGRAM LOAN On April 20, 2020, we received proceeds from the PPP Loan in the amount of approximately $8.4 million from KeyBank, as lender, pursuant to the Paycheck Protection Program (“PPP”) of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The purpose of the PPP was to encourage the continued employment of workers. We used all of the PPP Loan proceeds for eligible payroll expenses, lease, interest and utility payments. The PPP Loan was evidenced by a promissory note dated April 16, 2020, which contains customary events of default relating to, among other things, payment defaults and breaches of representations and warranties. Pursuant to the subsequently enacted Paycheck Protection Flexibility Act of 2020, we were permitted to defer required monthly payments of principal and interest until such time as an approval or denial of forgiveness is received from the U.S. Small Business Administration (“SBA”). In 2020, we recognized $8.4 million as other income in the consolidated statement of operations as we expect the full amount of the PPP Loan principal, together with accrued interest thereon, will be forgiven. On July 29, 2021, we were notified by KeyBank that full forgiveness had been approved by the SBA.

Note 6 - SBA Paycheck Protection Program Loan

9 Months Ended

Sep. 30, 2021

SBA Paycheck Protection Program Loan

NOTE 6—SBA PAYCHECK PROTECTION PROGRAM LOAN

On April 20, 2020, we received proceeds from the PPP Loan in the amount of approximately $8.4 million from KeyBank, as lender, pursuant to the Paycheck Protection Program (“PPP”) of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The purpose of the PPP was to encourage the continued employment of workers. We used all of the PPP Loan proceeds for eligible payroll expenses, lease, interest and utility payments.

The PPP Loan was evidenced by a promissory note dated April 16, 2020, which contains customary events of default relating to, among other things, payment defaults and breaches of representations and warranties.

Pursuant to the subsequently enacted Paycheck Protection Flexibility Act of 2020, we were permitted to defer required monthly payments of principal and interest until such time as an approval or denial of forgiveness is received from the U.S. Small Business Administration (“SBA”). In 2020, we recognized $8.4 million as other income in the consolidated statement of operations as we expect the full amount of the PPP Loan principal, together with accrued interest thereon, will be forgiven.

On July 29, 2021, we were notified by KeyBank that full forgiveness had been approved by the SBA.