Quarterly report pursuant to Section 13 or 15(d)

Debt

v3.22.1
Debt
3 Months Ended
Mar. 31, 2022
Debt  
Debt

Note 9. Debt

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Long-term debt consisted of the following (amounts in thousands):

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​

​

​

​

​

​

​

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March 31, 2022

    

December 31, 2021

3.75% Small Business Administration installment loan due May 2050

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$

172

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$

171

Notes payable:

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​

​

​

​

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Non-interest-bearing promissory note due July 1, 2022

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​

210

​

​

210

2.5% director and officer insurance policy promissory note due July 31, 2022

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​

96

​

​

385

6.0 % executive and officer insurance policy promissory note due October 9, 2022

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​

132

​

​

211

Total debt

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​

610

​

​

977

Less current portion of the Small Business Administration Loan

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(21)

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​

(25)

Less current portion of notes payable

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(438)

​

​

(806)

Long-term debt, net of current portion

​

$

151

​

$

146

​