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Posted On: 05/11/2020 6:46:25 PM
Post# of 872
$LWLG 1st Quarter 2020 10-Q is out, here's a link
https://www.sec.gov/Archives/edgar/data/13259...lg_10q.htm
NOTE 13 – SUBSEQUENT EVENTS
On April 24, 2020, the Company received $410,700 in loan funding from the Paycheck Protection Program, established pursuant to the recently enacted Coronavirus Aid, Relief, and Economic Security Act and administered by the U.S. Small Business Administration. The unsecured loan is evidenced by a promissory note of the Company dated April 23, 2020 in the principal amount of $410,700, to Community Banks of Colorado, a division of NBH Bank, the lender. The loan proceeds may be used to cover payroll costs, rent and utility costs.
The Company is currently operating under the Governor of Colorado’s Executive Order, Safer-at Home, expiring 30 days from April 27, 2020, unless extended further by Executive Order. The Company started slowly bringing some employees back into the facility on May 4, 2020 under the directives of the Governor’s Executive Order, and under the guidelines of the local and state health departments.
https://www.sec.gov/Archives/edgar/data/13259...lg_10q.htm
NOTE 13 – SUBSEQUENT EVENTS
On April 24, 2020, the Company received $410,700 in loan funding from the Paycheck Protection Program, established pursuant to the recently enacted Coronavirus Aid, Relief, and Economic Security Act and administered by the U.S. Small Business Administration. The unsecured loan is evidenced by a promissory note of the Company dated April 23, 2020 in the principal amount of $410,700, to Community Banks of Colorado, a division of NBH Bank, the lender. The loan proceeds may be used to cover payroll costs, rent and utility costs.
The Company is currently operating under the Governor of Colorado’s Executive Order, Safer-at Home, expiring 30 days from April 27, 2020, unless extended further by Executive Order. The Company started slowly bringing some employees back into the facility on May 4, 2020 under the directives of the Governor’s Executive Order, and under the guidelines of the local and state health departments.
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$MJ
