Quarterly report pursuant to Section 13 or 15(d)

Debt

v3.22.2.2
Debt
9 Months Ended
Sep. 30, 2022
Debt  
Debt

Note 9. Debt

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

    

September 30, 2022

    

December 31, 2021

3.75% Small Business Administration installment loan due May 2050

$

159

$

170

Notes payable:

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

493

210

% director and officer insurance policy promissory note due July 31, 2023

385

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

132

211

Total debt

784

976

Less current portion of the Small Business Administration Loan

(21)

(25)

Less current portion of notes payable

(493)

(806)

Long-term debt, net of current portion

$

270

$

145

During the nine-month period ended September 30, 2022, approximately $0.1 million of short-term debt associated with our January iPro acquisition was paid.