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SUBSEQUENT EVENT
3 Months Ended
Jun. 30, 2021
SUBSEQUENT EVENT  
Note - 5 SUBSEQUENT EVENT

5. SUBSEQUENT EVENT

 

On July 9, 2021, the Company received notice from Summit Community Bank (the “Bank”), the lender of the Company’s $2,692 Paycheck Protection Program (“PPP”) loan, that the U.S. Small Business Administration (“SBA”) approved the forgiveness of the PPP loan in its entirety, and that the Bank has applied the funds and paid off the principal and interest of the PPP loan in full. Accordingly, the Company expects to record in the quarter ending September 30, 2021 the loan forgiveness as ‘Other income’ on the Condensed Consolidated Statements of Operations.