According to the Environmental Defense Fund (EDF) consolidated audit of September 30, 2020 (Note 15, Risks and Uncertainties):
"On January 30, 2020, the World Health Organization (WHO) announced a global health emergency because of a new strain of coronavirus (the COVID-19 outbreak) and the risks to the international community as the virus spreads globally... In March 2020, the WHO classified the COVID-19 outbreak as a pandemic...
"The full impact of the COVID-19 outbreak continues to evolve as of the date of this report [January 27, 2021]. As such, it is uncertain as to the full impact that the pandemic will have on the Organization's financial condition, liquidity and future results of operations. Management is actively monitoring the global situation on its consolidated financial condition, liquidity, operations, suppliers, industry and workforce.
"Although the Organization cannot estimate the length or gravity of the impact of the COVID-19 outbreak at this time, it may have an adverse effect on the Organization's results of future operations, financial position and liquidity in fiscal year 2021.
"On March 27, 2020, The President signed into law the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act). The CARES Act, among other things, includes provisions relating to refundable payroll tax credits...
"The CARES Act appropriated funds for the Small Business Administration (SBA) Paycheck Protection Program (PPP) loans that are forgivable in certain situations to promote continued employment, as well as Economic Injury Disaster Loans (EIDL) to provide liquidity to small businesses harmed by the COVID-19 outbreak. EDF has not applied for or received any SBA PPP loans or EIDL.
"Management continues to examine the impact that the COVID-19 outbreak and CARES Act may have on its business. Management is currently evaluating any impact on its consolidated financial condition, results of operation or liquidity."