Subsequent Events

6 Months Ended

Jun. 30, 2021

Subsequent Events [Abstract]

Subsequent Events

Note 17 - Subsequent Events

On August 2, 2021, the Company breached the Minimum Liquidity Covenant on the outstanding RLOC per the 9th amendment to the credit facility. On August 13, 2021, the Company executed a waiver agreement with the Bank for the aforementioned breach, as well as, for the for the minimum liquidity covenant for the measurement period ended August 15, 2021. As such, the Bank waives the right to declare default on any outstanding balances based solely on the Covenant Violations.

On August 5, 2021, the Company received the official notification of forgiveness from the SBA with a forgiveness payment date of July 30, 2021. The forgiveness of the PPP Loan will be recognized during the Company’s third fiscal quarter ending September 30, 2021.