Related Party Transaction |
12 Months Ended |
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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.
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- References No definition available.
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- Definition 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
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