Related Party Transactions

12 Months Ended

Dec. 31, 2022

Related Party Transactions

Related Party Transactions

17.Related Party Transactions

In June 2021, the Company issued a convertible note payable to its Chief Executive Officer for total proceeds of $100 thousand. The note was unsecured, had a term of twenty-three months and accrued interest at a rate of 3% per annum. The note, including accrued interest expense, converted to common stock on November 10, 2021.

In December 2021, the Company entered into an agreement with a significant shareholder for certain product development consultation services. During the years ended December 31, 2022 and 2021, the Company incurred $18 thousand and $3 thousand, respectively, of expenses in connection with the agreement. The expenses are included in research and development expense. There were no unpaid balances due to the shareholder at December 31, 2022.