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Stock Subscription Notes Receivable | 3 Months Ended
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Mar. 31, 2021
Stock Subscription Notes Receivable [Abstract] |
Stock Subscription Notes Receivable | 13. Stock Subscription Notes Receivable Periodically, the Company offered certain key employees the opportunity to purchase shares of the Company’s common stock. Typically, the subscribed shares were financed by the Company and such shares were issued in the name of the subscriber with the Company retaining possession of, as well as a security interest in, all share certificates until such time as each promissory note is repaid by the subscriber. Promissory note payments include principal plus interest ranging from 3.25% to 4.75% or the Wall Street Journal prime rate. During the three months ended March 31, 2021 and 2020 the Company did not issue any new stock subscription notes receivable and received $34,000 and $0.1 million of principal payments from the subscriber, respectively. On March 31, 2021 and December 31, 2020, seventeen shareholders owed the Company a combined total of $0.6 million and $0.6 million, respectively, in outstanding principal. These balances are reported as a reduction to shareholders’ equity on March 31, 2021 and December 31, 2020.

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