Related Party Transactions |
3 Months Ended |
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Mar. 31, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions |
Note 6 – Related Party Transactions
CorLyst, LLC
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. Included in our general and administrative expenses is approximately $17,000 and $29,000 of reimbursements from CorLyst during the three months ended March 31, 2026 and 2025, respectively. At March 31, 2025, we included $27,774 due from CorLyst as a current asset in Prepaid and Other. No amounts were due at March 31, 2026. Our President, Research and Development is the CEO of CorLyst, and CorLyst is a stockholder.
The Chiliz Group
The Chiliz Group (formerly known as ‘HX Entertainment Limited’) is the issuer of the Chiliz Token. In prior periods, they have purchased 305,644 shares of our common stock for a cumulative $1.4 million in net proceeds. At March 31, 2026, The Chiliz Group owned 11.4% of shares of our common stock outstanding.
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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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