Related party transactions |
9 Months Ended |
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Sep. 30, 2024 | |
| Related Party Transactions [Abstract] | |
| Related party transactions |
Note 15 – Related party transactions
Director Fees
The Company pays quarterly board of director fees. For the three and nine months ended September 30, 2024, the Company recorded $0.1 million and $0.2 million, respectively. For the three and nine months ended September 30, 2023, the Company recorded less than $0.1 million and $0.2 million, respectively. As of September 30, 2024 and December 31, 2023, $0.1 million of these director fees were in accounts payable on the Condensed 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. Marketing expenses related to Believeco for the nine months ended September 30, 2024 was less than $0.01 million, none of which is included within Accounts Payable as of September 30, 2024. As of September 30, 2024, Believeco is no longer considered a related party. During the period ended September 30, 2023, marketing expense related to Believeco totaled $0.14 million, of which less than $0.1 million is included within Accounts Payable as of September 30, 2023.
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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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