Note 11 - Transactions with Related Parties

Since November 2014, the Company has leased its Tucker, Georgia facility from a limited liability company owned by one of Cocrystal’s directors and principal shareholder, Dr. Raymond Schinazi. Currently, this facility is being leased on a month-to-month basis. On an annualized basis, rent expense for this location would be approximately $44. The total rent expense was $22 and $133 for the three and nine months ended September 30, 2018 and $51 and $162 for the three and nine months ended 2017, respectively.

In September 2018, the Company leased administrative offices from a limited liability company owned by one of Cocrystal’s directors and principal shareholder, Dr. Phillip Frost. The lease term is three years with an optional three-year extension. On an annualized basis, rent expense for this location would be approximately $47. The total rent expense was $4 and $4 for the three and nine months ended September 30, 2018.