Annual report pursuant to Section 13 and 15(d)

Related Party Transaction

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.