Debt

Loans Payable - Other

The equipment loans are secured by the related equipment.

April 2020,

the Company and Agri-Energy each entered into a loan agreement with Live Oak Banking Company, pursuant to which the Company and Agri-Energy obtained loans from the Small Business Administration's Paycheck Protection Program (“SBA PPP”) totaling

$1.0

million in the aggregate (the "SBA Loans"). The SBA Loans are subject to the potential for partial or full loan forgiveness as dictated by U.S. federal law. Principal and interest are deferred until

August 2021

and interest continues to accrue during the deferral period. The SBA Loans are payable monthly beginning

August 5, 2021,

with aggregate payments totaling

$0.06

million per month, including interest and principal. The SBA Loans are subject to partial or full forgiveness for the initial

-week period following the loan disbursement if all proceeds are used for eligible purposes and within certain thresholds, the Company maintains certain employment levels and the Company maintains certain compensation levels.

The balance of these loans at

March 31, 2021

and

December 31, 2020

are as follows (in thousands):

	Interest Rate	Maturity Date	March 31 , 2021			December 31, 2020

SBA Loans	1%	April 2025	$	1,006		$	1,006
Equipment	4% - 5%	October 2021 - December 2024		222			248

Total notes payable - other				1,228			1,254
Less current portion				(1,016	)		(807	)

Long-term portion			$	212		$	447

Future payments for Loans Payable - Other are as follows (in thousands):

Year ending December 31,

2021 (remaining)	$	778
2022		356
2023		62
2024		32

	$	1,228

April 15, 2021,

the Small Business Administration forgave the entire balance of

$0.5

million of the Company's and

$0.1

million of Agri-Energy's loans and accrued interest obtained through the SBA PPP. The remaining SBA PPP loan for Agri-Energy totals

$0.4

million, bears interest at

1.0%

and matures in

April 2025.

Monthly payments of

thousand begin on

June 5, 2021

and are payable through

April 2025.