Related Party Transactions |
12 Months Ended |
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Dec. 31, 2024 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions |
4. Related Party Transactions
Unreimbursed expenses have been accrued and incurred by management, which total $75,916 as of December 31, 2024 and $38,089 as of December 31, 2023.
Bonus compensation of $306,281 for senior management for services provided in 2024 has been deferred.
On June 13, 2024, the Company completed a private placement offering pursuant to which it issued and sold 174,825 shares of its common stock at a price of $14.30 per share to Snehal Patel, the Company’s Chief Executive Officer and director, for net proceeds of $2,499,998. Mr. Patel agreed to a one year lock-up agreement with respect to his shares of common stock acquired in the offering.
GREENWICH LIFESCIENCES, INC. NOTES TO FINANCIAL STATEMENTS
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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