In June 2020, the Company was granted a loan (the “PPP loan”) from Cadence Bank in the aggregate amount of $151,000, pursuant to the Paycheck Protection Program (the “PPP”) under the CARES Act.

At December 31, 2023, the balance of the PPP loan was $57,000. During the year ended December 31, 2024, the Company paid $33,000 of principal, and at December 31, 2024, the balance of the PPP loan was $24,000. During the year ended December 31, 2025, the Company paid $24,000 of the principal on the PPP loan, and at December 31, 2025, the PPP loan was paid in full.