Transactions with Related Parties |
6 Months Ended |
|---|---|
Jun. 30, 2024 | |
| Related Party Transactions [Abstract] | |
| Transactions with Related Parties |
10. Transactions with Related Parties
On September 1, 2021, the Company entered into a three-year lease extension with a limited liability company controlled by Dr. Phillip Frost, a director and a principal stockholder of the Company. For the six months ended June 30, 2024 and 2023, rent expense was approximately $31,000 for each period, including fixed and estimable fees and taxes. The Company intends to renew the lease following expiration in 2024.
On April 4, 2023, the Company entered into a Securities Purchase Agreement with two accredited investors (the “Purchasers”) whereby the Purchasers agreed to purchase a total of shares of unregistered common stock at a price of $ per share for a total purchase price of $4,000,000 in two equal $2,000,000 investments. The Purchasers were an entity controlled by a director and another investor who subsequently joined the Company’s Board of Directors. |