Related party transactions |
9 Months Ended |
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Sep. 30, 2024 | |
| Related Party Transactions [Abstract] | |
| Related party transactions | Note 9. Related party transactions
Expenses – During the three-month periods ended September 30, 2024 and 2023, the Company expensed $65,000 and $87,500, respectively, for aggregate fees owed to TardiMed Sciences, LLC (“TardiMed”), pursuant to rental and consulting agreements entered into between the Company and TardiMed. For more information about these agreements, please see “Certain Relationships and Related Party Transactions” in the Company’s definitive proxy statement on Schedule 14A filed with the SEC on April 15, 2024. During the nine-month periods ended September 30, 2024 and 2023, the Company expensed $175,000 and $180,000, respectively, for aggregate fees owed to TardiMed.
In April 2023, TardiMed disposed of its equity position in the Company, at which time it ceased to be a related party. Subsequently, in August 2024, the Company and TardiMed mutually terminated the aforementioned rental and consulting agreements. As of the date of this filing, no further obligations remain under these agreements.
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