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Subsequent events
3 Months Ended
Mar. 31, 2022
Subsequent events  
Subsequent events

12. Subsequent events

 

The Company's Paycheck Protection Program Loan ("PPP Loan") under the CARES Act was forgiven by Small Business Administration effective April 29, 2022. With this forgiveness, the Company is not required to repay the principal amount of $1,499 and the interest of $31. The Company expects to receive $953 back that it had already paid towards principal and interest payments toward the PPP Loan. The Company will treat the forgiveness as extinguishment of debt in the quarter ended June 30, 2022 and will report the entire principal amount forgiven of $1,499 along with interest already accounted for of $27 as a gain on extinguishment of debt.