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Revolving Credit Facility
6 Months Ended
Jun. 30, 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 “Revolving Credit Facility”) in 2017. The Revolving Credit Facility is available for working capital and other general corporate purposes. The Company has maintained the Revolving Credit Facility and, there was no amount outstanding as of June 30, 2020 and December 31, 2019. The Company utilized $2.2 million of letters of credit for facility security deposits at June 30, 2020. The Revolving Credit Facility was terminated pursuant to its terms effective July 14, 2020.

The Company was in compliance with all debt covenants at June 30, 2020 and December 31, 2019.