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12. SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2020
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 12: SUBSEQUENT EVENTS

 

We have evaluated subsequent events through the date the consolidated financial statements were filed with the Securities and Exchange Commission.

 

The Company applied for a second loan under the SBA’s Paycheck Protection Program, and on March 1, 2021, the Company received a potentially forgivable loan (“March 2021 PPP loan”) in the amount of $1,111. The March 2021 PPP loan is evidenced by a promissory note, dated to be effective as of March 1, 2021, between the Company and the lender. The promissory note matures on March 1, 2026 and bears interest at a fixed rate of 1.00 percent per annum, beginning on the date of advance until the loan maturity date.