XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.21.1

Debt | 3 Months Ended
--- | ---
Mar. 31, 2021
Debt Disclosure [Abstract] |
Debt | Debt The Company’s carrying value of debt consisted of the following (in thousands):
| March 31, 2021 |  | December 31, 2020
Unsecured promissory note | $ | 1,080 |  |  | $ | 1,080 |
Secured term note payable - related party | 1,077 |  |  | 1,077 |
Secured promissory note - related party | 4,438 |  |  | 5,000 |
Insurance and other notes payable | 418 |  |  | 714 |
Less: amounts due within one year | (4,253) |  |  | (4,463) |
Total long-term debt | $ | 2,760 |  |  | $ | 3,408 |
Unsecured Promissory Note During 2020, the Company received loan proceeds of $1.1 million (the “Loan”) pursuant to the Paycheck Protection Program (the “PPP”) under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). Under the terms of the PPP, all or a portion of the principal may be forgiven if the Loan proceeds are used for qualifying expenses as described in the CARES Act, such as payroll costs, benefits, rent, and utilities. While no assurance is provided that the Company will obtain forgiveness of the Loan in whole or in part, management believes we currently meet the requirements. The Company has applied for forgiveness under the terms of the Loan and is currently awaiting a response. With respect to any portion of the Loan that is not forgiven, the Loan will be subject to customary provisions for a loan of this type, including customary events of default relating to, among other things, payment defaults and breaches of the provisions of the Note. During the three months ended March 31, 2021 and 2020, the Company recorded interest expense on debt as follows (in thousands):
| March 31, 2021 |  | March 31, 2020
Unsecured promissory note | $ | — |  |  | $ | — |
Secured term note payable - related party | 10 |  |  | 25 |
Secured promissory note - related party | 154 |  |  | 215 |
Insurance and other notes payable | 14 |  |  | 11 |
Total interest expense | $ | 178 |  |  | $ | 251 |
Certain of the agreements governing our outstanding debt have certain covenants with which we must comply. As of March 31, 2021, we were in compliance with all of these covenants.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration