Quarterly report pursuant to Section 13 or 15(d)

Revolving Line of Credit, Bank (Details)

v3.21.1
Revolving Line of Credit, Bank (Details) - Webster Business Credit Corporation
3 Months Ended
Feb. 05, 2021
USD ($)
payment
Jan. 11, 2021
USD ($)
May 11, 2020
USD ($)
Apr. 17, 2020
USD ($)
payment
May 04, 2018
USD ($)
Mar. 31, 2020
USD ($)
Line of Credit Facility [Line Items]            
Line of credit limit         $ 10,000,000  
Fixed charge coverage ratio         1.10  
Annual financial capital expenditure limit         $ 500,000  
Debt issuance costs incurred         $ 145,011  
Amortization period for debt issuance costs         3 years  
Amortization of deferred debt issuance costs           $ 12,499
Early termination fee     $ 25,000      
Line of credit outstanding     $ 0      
PPP Loan Program            
Line of Credit Facility [Line Items]            
Notes payable $ 1,874,269     $ 1,874,200    
Stated interest rate (percent) 1.00%     1.00%    
Number of monthly installments | payment 44     18    
Monthly payment amount $ 43,400     $ 106,356    
Principal amount forgiven   $ 1,874,200        
Accrued interest forgiven   13,659        
Extinguishment of debt, amount   $ 1,887,859        
One Month LIBOR            
Line of Credit Facility [Line Items]            
Basis spread on variable interest rate (percent)         3.00%  
Lender's Base Rate            
Line of Credit Facility [Line Items]            
Basis spread on variable interest rate (percent)         1.50%  
Federal Funds Rate            
Line of Credit Facility [Line Items]            
Basis spread on variable interest rate (percent)         0.50%  
Lender's Base Rate - One Month LIBOR            
Line of Credit Facility [Line Items]            
Basis spread on variable interest rate (percent)         2.75%