Related Party Transactions

12 Months Ended

Dec. 31, 2019

Related Party Transactions

Related Party Transactions

14.          Related Party Transactions

The Company recorded other income of $611,000 and $892,000 for the years ended December 31, 2019, and 2018, respectively, under service contracts with a stockholder. The Company had a receivable from the stockholder as of December 31, 2019, and 2018 of $121,000 and $89,000, respectively.

The Company recorded expense of $1.4 million and $1.1 million for the years ended December 31, 2019, and 2018, respectively, related to intellectual property and other legal services performed by a related party. The Company owed $69,000 and $134,000 to the related party at December 31, 2019, and 2018, respectively.

The Company recorded expense of $2.7 million and $0.5 million for the years ended December 31, 2019, and 2018, respectively, related to legal services performed by a related party. The Company owed $186,000 and $40,000 to the related party at December 31, 2019, and 2018, respectively.

The Company recorded research and development expenses of $400,000 for each of the years ended December 31, 2019, and 2018, respectively, under consulting agreements with two members of the Company’s board of directors. On August 22, 2019, one of the two members provided the Company with notice of his resignation from the Company’s Board of Directors. The Company owed $73,000 and zero to the member of the Company’s board of directors as of December 31, 2019, and 2018, respectively.