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Note 12 - Subsequent Events
3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Subsequent Events [Text Block]
12.
     Subsequent Events
 
CARES Act Paycheck Protection Program Loan
 
On
April 17, 2020,
we received a
$170,200
bank loan backed by the United States Small Business Administration pursuant to the Paycheck Protection Program (PPP) provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The loan bears an annual interest rate of
one
percent and is due
April 17, 2022.
No
payments of principal or interest will be due until
180
days after the disbursement date. Commencing
November 17, 2020,
monthly payments of
$9,578.16
will be due. Amounts due
may
be prepaid without penalty. We
may
apply to the lender to have the principal amount reduced upon providing qualifying information regarding eligible expenses to the lender.