Vivakor Inc
For the period ended Mar 31, 2024. Filed May 20, 2024.
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Mar 31, 2024 · Filed May 20, 2024
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ITEM 5. Other Information
In previous filings we reported the Paycheck Protection Program (“PPP”) loans we obtained may be forgivable according to the CARES Act and that we had applied for forgiveness under the CARES Act, and at the time we believed a substantial portion of the loans may not be forgiven. The Company has now made the decision not to continue to apply for forgiveness of the PPP loans and, as a result, we will be responsible for repaying the PPP loans in cash.
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