Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Convertible Note Payable

Note 7 - Convertible Note Payable
9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Long-term Debt [Text Block]

7. Convertible Note Payable


On January 24, 2019, the Company repaid Interstate Battery the outstanding principal and interest on the convertible debt in the amount of $6.7 million. In connection with the payoff, the Company amortized the remaining discount on the note of $2.6 million and remaining deferred financing expenses of $20,000 to interest expense.