XML 26 R15.htm IDEA: XBRL DOCUMENT v3.20.2
9. Subsequent Event
9 Months Ended
Sep. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events

Subsequent to September 30, 2020, the Company applied for forgiveness of the Payroll Protection Program of approximately $957,000 using 100% eligible payroll expenses. Given current guidance that is available, the Company believes that it should be eligible to achieve forgiveness of the full loan amount, but this income will not be recognized until the eligible expenses are certified by the Lender and the federal government. Any such forgiveness of indebtedness, in accordance with the CARES Act, does not give rise to federal taxable income, but these forgiven expenses may not also be deducted for federal tax return purposes. If not forgiven, this funding accrues interest at a rate of 1% per annum beginning on April 10, 2020.