Subsequent Events |
3 Months Ended |
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Mar. 31, 2020 | |
| Subsequent Events | |
| Subsequent Events |
12. Subsequent Events On April 27, 2020, the Company sold a note in default with a principal balance of $140,000 for $170,000 realizing approximately $18,000 in interest income. No gain or loss was recognized on the sale of the note. On April 29, 2020, the Company received $247,845 gross loan proceeds from the Paycheck Protection Program. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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