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v3.20.2

Long-Term Debt (Details) | 1 Months Ended | 3 Months Ended | 9 Months Ended
--- | --- | --- | ---
Jul. 22, 2020 USD ($) | Sep. 30, 2020 USD ($) | Sep. 30, 2019 USD ($) | Sep. 30, 2020 USD ($) | Sep. 30, 2019 USD ($)
Debt Instrument [Line Items] |  |  |  |  |
Proceeds from long-term debt |  |  |  | $ 4,904,000 |
Interest expense |  | $ 104,000 | $ 24,000 | 220,000 | $ 66,000
Loan and Security Agreement [Member] | East West Bank [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Maximum borrowing capacity under term loan | $ 10,000,000 |  |  |  |
Loan term | 2 years |  |  |  |
Repayment term | 4 years |  |  |  |
Term loan interest rate description | Term loans made pursuant to the agreement shall bear interest, at the Company’s option, (i) at the prime rate, as reported by the Wall Street Journal, or (ii) 3.0% above the LIBOR rate, provided that the minimum interest rate on any term loan will not be less than 3.25%. |  |  |  |
Origination fee | 0.25% |  |  |  |
Debt coverage ratio | 1.35 |  |  |  |
Amount of tangible net worth minimum | $ 25,000,000 |  |  |  |
Capital ratio | 10.00% |  |  |  |
Covenants description | Certain other non-financial covenants include that the Company must promptly notify East West Bank of the creation or acquisition of any subsidiary that at any time owns assets with a value of $100,000 or greater. |  |  |  |
Term Loan [Member] |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |
Proceeds from long-term debt |  | 4,900,000 |  |  |
Interest expense |  | $ 15,000 |  | $ 15,000 |

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