So I really don’t feel like it’s in their best interest. Again, we’re preparing ourselves. We are trying to protect ourselves. Whatever kind of cancellation of the distribution agreement, gives us a sell-off period. So we’re just trying to get stronger financially by selling down inventory and that gives us a little bit more leverage with Usborne. So that’s the approach we’re taking.
Unidentified Analyst: All right. Well my other question. Dan, what’s the status of the employer retention credit?
Dan O’Keefe: Well, we filed for it.
Unidentified Analyst: I know.
Dan O’Keefe: So we’re waiting on the IRS to take action.
Unidentified Analyst: Okay. So nothing concrete there.
Dan O’Keefe: No. It’s — go ahead.
Unidentified Analyst: Okay. I just — just wondering — there’s nothing — there’s no definitive answer from the IRS on that.
Craig White: Not yet.
Dan O’Keefe: We meet the requirements, so I would expect that we would get it at some level, which, man, if we can get some cash from that would be outstanding. It’s not necessary or required for us to continue on, but it sure will be great.
Unidentified Analyst: Okay. Well — and Craig, I’ve been wanting to ask you this question. We’re going to have to go back through the time machine. Christmas of 2016. Do you remember when you guys just moved into the Hilti Complex and you bought a software package.
Craig White: I do.
Unidentified Analyst: You bought a software package from a company in Florida and broke down. Actually, it was a classic nightmare. Okay? Your father and you had the grandkids up there trying to get all the packages out, customer service was going crazy. Anyway, you paid about $1 million for the software package as I recall. Did you ever get your money back for that software package?
Craig White: No.
Unidentified Analyst: You remember that?
Craig White: Of course. I’ve been with the company for 30 years. I remember that. Of course, I do. Both sides were working in good faith and we had just determined that it was not in our best interest to continue with them. So we severed the tie and we moved on. We developed all the software programs we needed in-house. And so that’s a distant memory.
Unidentified Analyst: Yes. Well, it almost bankrupt your company at the time if I recall. Because you were also in violation with the covenants with the bank. I think it was Midwest Bank at the time. So anyway, I kind of — right now, I think you guys are in a pickle, and we have to get this inventory or have some cash up to get the bank because you’re working on a waiver right now. It seems like from the 10-K and how generous are they going to be with the waiver? I mean, they could shut you off all this life, I think. And you might be out of business as a going concern. So, good luck.
Craig White: No. That’s highly unlikely. All right. Thank you, Ed. Appreciate it.
Unidentified Analyst: All right. Thank you.
Dan O’Keefe: Thanks, Ed.
Operator: Your next question comes from the line of Frank Goodell from Gene Goodell Associates. Your line is now open.
Frank Goodell: Yes. Am I on?
Craig White: Yes, we can hear you.
Frank Goodell: Yes, I had a couple of comments off of what Ed had said. I noticed the sales volumes are down quite a bit. Everything has healed, of course. I’ve been in business myself many years. Everything gets healed if you can increase sales. What’s the outlook for the next year or so, realistically?
