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Long-term obligations (Tables) | 3 Months Ended
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Mar. 31, 2021
Long-term obligations |
Schedule of Total Long-Term Obligations | Total long-term obligations as of March 31, 2021 and December 31, 2020 consisted of the following (in thousands):
|  | March 31, |  | December 31,
|  | 2021 |  | 2020
Pension obligations - accrued pension liability |  | $ | 6,015 |  | $ | 5,940
Settlement agreement (1) |  |  | 456 |  |  | 518
Capital lease obligations |  |  | — |  |  | 209
Microsoft licenses (2) |  |  | 743 |  |  | 747
Bank loans payable (3) |  |  | 580 |  |  | 580
|  |  | 7,794 |  |  | 7,994
Less: Current portion of long-term obligations |  |  | 2,134 |  |  | 1,712
Totals |  | $ | 5,660 |  | $ | 6,282
| (1) |  | Represents payment to be made pursuant to a settlement agreement entered into in December 2018 between a subsidiary of the Company and 19 former employees of such subsidiary. The balance is payable in monthly installments through March 2023.
| (2) |  | On April 2020, the Company renewed a vendor agreement to acquire certain additional software licenses and to receive support and subsequent software upgrades on these and other currently owned software licenses through February 2023. Pursuant to this agreement, the Company was obligated to pay approximately $0.4 million annually over the term of the agreement.
| (3) |  | On May 4, 2020, the Company received loan proceeds of $579,700 under the Paycheck Protection Program (“PPP”) which was established as part of the Coronavirus Aid, Relief and Economic Security Act of 2020, as amended. The loans and accrued interest are forgivable, as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. On January 29, 2021, the Company filed its loan forgiveness application for 100% of the approved loan under the PPP.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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