Quarterly report pursuant to Section 13 or 15(d)

Debt

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Debt
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Debt

7. Debt

 

Equipment Loan

 

In September 2019, the Company entered into a debt arrangement with a finance company to purchase equipment. The debt balance as of March 31, 2020, totaled $17,000. The debt incurs interest at 12%, is collateralized by the equipment and is payable in monthly payments of $1,000 (including interest) over 36 months.