Related Party Transaction
|12 Months Ended|
Dec. 31, 2021
|Related Party Transactions [Abstract]|
|Related Party Transaction||
Note 11 – Related Party Transaction
During the year ended December 31, 2020, the Company recorded consulting expense of $1.1 million for services rendered by a consultant who was also an owner of approximately 10% of the Company’s issued and outstanding common stock. In addition, the Company also issued a note payable to this consultant of $0.5 million in exchange for the cancellation of unpaid consulting fees of $0.5 million that was recorded as part of accrued expenses at December 31, 2020. There was no similar consulting expense incurred during the period ended December 31, 2021.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef