XML 27 R15.htm IDEA: XBRL DOCUMENT v3.20.2
Other Long-Term Liabilities
 6 Months Ended
Jun. 30, 2020
Other Liabilities Disclosure [Abstract]  
Other Long-Term Liabilities Other Long-Term Liabilities
The lease liabilities and other long-term liabilities consist of the following as of:
 June 30, 2020December 31, 2019
PPP and SBA loans$1,258,900  $—  
Deferred revenue498,763  —  
Deferred rent33,182  57,162  
Total$1,790,845  $57,162  
On April 10, 2020, we obtained an unsecured $1.1 million PPP loan under the CARES Act and proceeds from the PPP Loan were used for payroll costs. The interest rate of the loan is 1% and has a maturity date of two years. In July 2020, we applied for loan forgiveness in accordance with the CARES Act.