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CARES Act Loans and Foreign Wage Subsidy | 12 Months Ended
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Dec. 31, 2021
Debt Instruments [Abstract] |
CARES Act Loans and Foreign Wage Subsidy | Note 12: CARES Act Loans and Foreign Wage Subsidy During the second quarter of 2020, the Company secured $5.3 million in promissory notes to bank lenders pursuant to government loan programs (collectively, the “Loans”). At December 31, 2020, the remaining balance was $5.1 million. The difference relates to the business operations divested in October 2020. The Loans were made under, and are subject to the terms and conditions of, the CARES Act and are administered by the U.S. Small Business Administration (“SBA”). The terms of the Loans are two years with maturity dates in the second quarter of 2022 and they contain a fixed annual interest rate of 1%. In the third quarter of 2021, we were legally release from our obligation as our application was approved by the SBA. We recognized a gain on extinguishment of $5.2 million in the Condensed Consolidated Statement of Operations. In addition, under a foreign wage subsidy program in response to the COVID-19 pandemic, a subsidiary received approximately $415,000 and $444,000 in funding during the year ended December 31, 2020 and 2021, respectively, that were treated as reductions of payroll expenses.

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