|6 Months Ended
Jun. 30, 2020
|Subsequent Events [Abstract]
|SUBSEQUENT EVENTIn July 2020, the Company entered into a revolving loan agreement with a bank, with a borrowing capacity of $30,000 for use in financing the Company’s construction cost of energy projects. The facility may, at request of the Company, be increased by up to an additional $20,000 after certain conditions have been met. The facility bears interest at a rate of 1.75% over LIBOR and matures in July 2022, with all remaining unpaid amounts outstanding under the facility due at that time. In July 2020, the Company closed on $1,431 solar PV project under the Company’s master lease agreement discussed in Note 8 with a twenty-year term. The principal and interest payments are due in semi annual installments and the long term finance facility matures on July 30, 2040, with all remaining unpaid amounts outstanding under the agreement due at that time.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef