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Subsequent Event
3 Months Ended
Mar. 31, 2020
PaymentOnCapitalLease  
Subsequent Event

Note 12. Subsequent Event

 

In order to lessen the impact of COVID-19, the Company applied for assistance under the federal loan program known as the Paycheck Protection Program (“PPP”) through the Small Business Association (“SBA”) which it submitted through its bank on April 10, 2020. On April 28, 2020, the Company received notification from the bank that its application for the PPP loan was approved by the SBA. The bank confirmed that funds under the program of $246,200 have been reserved and were deposited into the Company’s bank account on May 7, 2020.