---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-21-004973"
form_type: "8-K"
ticker: "PMDI"
cik: "0000806517"
company_name: "PSYCHEMEDICS CORP"
filed_at: "2021-07-20T23:59:59+00:00"
generated_at: "2026-06-30T04:18:53.675616+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Psychemedics receives full forgiveness of $2.18M PPP loan from SBA

## Summary
- PPP loan principal of $2,181,157 plus accrued interest fully forgiven; forgiveness payment date July 1, 2021.
- Loan originated May 1, 2020 from Bank of America at 1% interest, originally maturing May 4, 2022.
- Forgiveness application submitted November 6, 2020; recognized in fiscal Q3 ending September 30, 2021.
- Eliminates $2.18M liability and related interest obligation from the balance sheet.

## SEC filing metadata
- accession: 0001171843-21-004973
- form_type: 8-K
- ticker: PMDI
- cik: 0000806517
- company_name: PSYCHEMEDICS CORP
- filed_at: 2021-07-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/806517/000117184321004973/0001171843-21-004973-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/806517/000117184321004973/f8k_072021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-21-004973
- JSON: https://secwatch.observer/filing/0001171843-21-004973.json
- Plain text: https://secwatch.observer/filing/0001171843-21-004973.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.