Related party transactions |
12 Months Ended |
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Dec. 31, 2024 | |
| Related Party Transactions [Abstract] | |
| Related party transactions |
Note 16 – Related party transactions
Director Fees
The Company pays quarterly board of director fees. Board of director fees totaled $0.3 million during the years ended December 31, 2024 and 2023. As of December 31, 2024 and 2023, $0.1 million of these director fees were in accrued other expenses on the Consolidated Balance Sheets, respectively.
Marketing Support Services
On March 7, 2023, the Company entered into an agreement with Believeco to provide marketing support services for an interim period. A previous member of the Company’s board of directors, whose resignation was effective April 1, 2024, is a partner at Believeco. As of December 31, 2024, Believeco is no longer considered a related party. Marketing expenses related to Believeco for the year ended December 31, 2024 was less than $0.01 million, none of which is included within Accounts Payable as of December 31, 2024. As of December 31, 2023 marketing expense related to Believeco totaled $0.4 million, of which $0.1 million is included within Accounts Payable.
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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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