Quarterly report [Sections 13 or 15(d)]

Related Party Transactions

v3.26.1
Related Party Transactions
3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Related Party Transactions

4. Related Party Transactions

 

Unreimbursed expenses have been accrued and incurred by management, which total $52,382 as of March 31, 2026 and $276,496 as of December 31, 2025.

 

Two other members of Snehal Patel’s family are contracted or employed by the Company. The total cash compensation paid to the two family members for the three months ended March 31, 2026 and 2025 were approximately $65,000 and $56,000, respectively. The total option compensation paid to the two family members for the three months ended March 31, 2026 and 2025 were approximately $66,000 and $66,000, respectively.

 

The total reimbursements submitted for the three months ended March 31, 2026 and 2025 were approximately $2.2 million and $0.7 million, respectively.