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Other Long-Term Liabilities
9 Months Ended
Sep. 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:
 September 30, 2020December 31, 2019
PPP and SBA loans$1,258,900 $— 
Deferred revenue445,000 — 
Deferred rent20,040 57,162 
Total$1,723,940 $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 September 2020, we applied for loan forgiveness in accordance with the CARES Act.