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Loans payable
12 Months Ended
Dec. 31, 2021
Loans Payable [Abstract]  
Loans payable
10.Loans payable

 

2020 Paycheck Protection Program Term Note

 

In April 2020, the Company entered into a Paycheck Protection Program Term Note (the “PPP Note”) with CountryBank in the amount of $42,100. The PPP Note was issued to the Company pursuant to the Coronavirus Aid, Relief, and Economic Security Act’s (the “CARES Act”) (P.L. 116-136) Paycheck Protection Program (the “Program”). On July 21, 2021, we were notified that the SBA had forgiven the PPP Note in full, the amount was recorded as other income in 2021. The loan balance at December 31, 2020 was $42,100 and was included in Other liabilities on the consolidated balance sheet.