Related Party Transactions

3 Months Ended

Mar. 31, 2022

12.	Related Party Transactions

Advance from Director - On March 31, 2022 the Company entered into an Advance Agreement with a related party, A. Michael Stolarski, also a shareholder and member of the Company’s board of directors, in the amount of $250 thousand (“Stolarski Advance”). This amount is in accrued expenses on the condensed consolidated balance sheet.

The Stolarski Advance has 18 UltraMIST® systems used as collateral (the “Collateral”) and the Company has agreed to repurchase the Collateral at $256 thousand.