Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

v3.22.1
Related Party Transactions
3 Months Ended
Mar. 31, 2022
Related Party Transactions [Abstract]  
Related Party Transactions

Note 7 – Related Party Transactions

 

CorLyst, LLC (“CorLyst”) reimburses us for shared costs related to payroll, health insurance and rent based on actual costs incurred, which are recognized as a reduction of our general and administrative operating expenses being reimbursed in our condensed consolidated statement of operations. We recorded $31,262 and $30,751 of reimbursements during the three months ended March 31, 2022 and December 31, 2021, respectively. No amounts were due from CorLyst at March 31, 2022 or 2021. Our CEO is also the CEO of CorLyst, and CorLyst is a shareholder.