General form of registration statement for all companies including face-amount certificate companies

Note Receivable

v3.22.4
Note Receivable
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Receivables [Abstract]    
Note Receivable

11. Note Receivable

 

On October 1, 2018, the Company completed the sale of its spine implant business to CTL Medical. The sale included a $6.0 million noninterest bearing note receivable payable over a 36 month term to mature on October 1, 2021. The note receivable included an imputed interest rate of 10%. The note was paid in full in May 2021.

 

13. Note Receivable

 

On October 1, 2018, the Company completed the sale of its spine implant business to CTL Medical. The sale included a $6.0 million noninterest bearing note receivable payable over a 36 month term to mature on October 1, 2021. The note receivable included an imputed interest rate of 10%. The note was paid in full in May 2021.