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Related Party
12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Related party

Note 4—Related Party

 

A director of the Company, is also the Executive Chairman of Chelexa.

 

During the year ended December 31, 2019, that director received $30,000 in cash compensation for services provided as a board member of the Company and $5,000 cash compensation for his services as a member of the Company's Scientific Advisory Board. The Company also granted him options to purchase up to 35,000 of the Company's common stock pursuant to the Company's 2018 Equity Incentive Plan.

 

During the year ended December 31, 2018, that director received $30,000 in cash compensation for services provided as a board member of the Company and $10,000 cash compensation for his services as a member of the Company's Scientific Advisory Board. He also received a stock grant for 12,500 shares of common stock for his services as a member of the Company's Scientific Advisory Board.

 

A director of the Company, is also the Chief Executive Officer, Principal Accounting and Financial Officer and a member of the baord of directors of Spherix Incorporated.

 

During the year ended December 31, 2019, that director received $30,000 in cash compensation for services provided as a board member of the Company. The Company also granted such director options to purchase up to 35,000 shares of the Company's common stock pursuant to the Company's 2018 Equity Incentive Plan.

 

During the year ended December 31, 2018, that director received $42,000 in cash compensation and the Company issued such director 12,500 shares of common stock for services rendered as a member of the Company's board of directors.