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Revolving Credit Facility
3 Months Ended
Mar. 31, 2020
Revolving Credit Facility  
Revolving Credit Facility

Note 10. Revolving Credit Facility

The Company entered into a $10.0 million Senior Secured Revolving Credit Facility (the “New Revolving Credit Facility”) in 2017. The New Revolving Credit Facility is available for working capital and other general corporate purposes. The Company has maintained the New Revolving Credit Facility and, there was no amount outstanding as of March 31, 2020 and December 31, 2019. The Company utilized $2.2 million of letters of credit for facility security deposits at March 31, 2020.

The Company was in compliance with all debt covenants at March 31, 2020 and December 31, 2019.