Transactions with Related Parties |
6 Months Ended |
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Jun. 30, 2022 | |
Related Party Transactions [Abstract] | |
Transactions with Related Parties |
10. Transactions with Related Parties
The Company leases administrative offices from a limited liability company owned by one of the Company’s directors and principal stockholder, Dr. Phillip Frost. The operating lease term is through September 2024 with an optional -year extension. On an annualized basis, straight-line lease expense, including taxes and fees, for this location is approximately $58,000. In September 2018, the Company paid a lease deposit of $4,000 and total amounts paid in connection with this operating lease were $31,000 and $30,000 for the six months ended June 30, 2022 and 2021, respectively.
The Company paid a lease deposit of $4,000 and total rent and other expenses paid in connection with this lease were $31,000 for each of the six months ended June 30, 2022. |