Borrowings

12 Months Ended

Dec. 31, 2021

Borrowings [Abstract]

Borrowings

8. Borrowings

A summary of our borrowings, including finance lease obligations, was as follows:

	At December 31,
	2021		2020
Short-term debt:
Current portion of long-term debt	$	32	$	98
Total short-term debt	$	32	$	98
Long-term debt:
Finance lease obligations	$	-	$	79
Other unsecured promissory notes		-		692
Total		-		771
Less: current portion of long-term debt		32		98
Total long-term debt	$	-	$	673

Finance Lease Obligations

Finance lease obligations at December 31, 2021 was for manufacturing equipment leased through ENGS Commercial Finance Co. This finance lease expires on April 18, 2022 and carries an interest rate of 11.4%.

Other Promissory Notes

Also included in the table above is a note payable to Fidelity Capital for the financing of a computing fixed asset. This note expires on July 1, 2022 and carries interest rate of 13.3%.

On June 18, 2021, we received notification from BMO Harris Bank National Association as the lender in a promissory note pursuant to the PPP under the CARES Act, that a loan to us under this program in the amount of $645,700 was forgiven in full under the terms of the program. The forgiveness of this note and related interest was recorded as other income on the Statements of Operations and Comprehensive Loss for the year ended December 31, 2021.