Long-term Debt

6 Months Ended

Jun. 30, 2022

Debt Instruments [Abstract]

Long-term Debt

Note 9.   LONG-TERM DEBT

On May 8, 2020, the Company received the PPP Loan in the amount of $1,133,600. The PPP Loan originally matured on May 8, 2022, with no principal payments required prior to the maturity date, and bearing interest at an annual rate of 1.0%, with interest payments commencing on November 8, 2020, less the amount of any potential forgiveness.  On November 8, 2021, the Company was awarded loan forgiveness of $876,171 and the remaining balance of the loan was refinanced.  The loan has a maturity date of May 8, 2025, bears interest of 1%, and is being repaid in monthly payments of $6,334.  The Company has recorded interest expense of $1,000 and $1,000 for the three and six months ended June 30, 2022 and $3,000 and $6,000 for the three and six months ended June 30, 2021, respectively on its condensed statement of operations and comprehensive loss.