Related Party Transactions

9 Months Ended

Sep. 30, 2019

15.	Related Party Transactions

During March 2018, the Company entered into a consulting agreement with a member of the Board of Directors for strategic and corporate consulting services to be provided to the Company. The Company incurred expenses of $3,600 and $0.2 million during the nine months ended September 30, 2019 and 2018, respectively and expenses of $0 and $68,000 during the three months ended September 30, 2019 and 2018, respectively relating to services provided under this consulting agreement.

During April 2018, the Company entered into a consulting agreement with a member of the Board of Directors for business development consulting services. Payments for the services under the agreement are $27,500 per quarter, and the Company may terminate the agreement with 14 days’ notice. The Company incurred expenses of $82,500 for the nine months ended September 30, 2019 and 2018, respectively and $27,500 for the three months ended September 30, 2019 and 2018, respectively, relating to services provided under this consulting agreement.