Related Party Transactions

9 Months Ended

Sep. 30, 2019

Related Party Transactions

Related Party Transactions

13.          Related Party Transactions

The Company recorded other income of $3,000 and $100,000 for the three months ended September 30, 2019 and 2018, respectively, and $486,000 and $595,000 for the nine months ended September 30, 2019 and 2018, respectively, under service contracts with a stockholder. The Company had a receivable from the stockholder at September 30, 2019 and December 31, 2018 of $1,000 and $89,000, respectively.

The Company recorded expense of $402,000 and $230,000 during the three months ended September 30, 2019 and 2018, respectively, and $1.1 million and $844,000 during the nine months ended September 30, 2019 and 2018, respectively, related to intellectual property and other legal services performed by a related party. The Company owed $358,000 and $104,000 to the related party at September 30, 2019 and December 31, 2018, respectively.

The Company recorded expense of $309,000 and $205,000 during the three months ended September 30, 2019 and 2018, respectively, and $2.3 million and $417,000 during the nine months ended September 30, 2019 and 2018, respectively, related to legal services performed by a related party. The Company owed $302,000 and $130,000 to the related party at September 30, 2019 and December 31, 2018, respectively.

The Company recorded research and development expense of $123,000 and $100,000 during three months ended September 30, 2019 and 2018, respectively, and $335,000 and $300,000 during nine months ended September 30, 2019 and 2018, respectively, under consulting agreements with two members of the Company’s board of directors.  The Company owed $20,000 and zero to the members of the Company’s board of directors at September 30, 2019 and December 31, 2018, respectively.