Related Party Transactions |
12 Months Ended | |||
|---|---|---|---|---|
Dec. 31, 2025 | ||||
| Related Party Transactions [Abstract] | ||||
| Related Party Transactions |
The following sets forth information regarding transactions between the Company (and its subsidiaries) and its officers, directors and significant stockholders.
Accounting and Financial Reporting Services
The Company has outsourced certain aspects of its accounting functions to Avisar Everyday Solutions Ltd. (“Avisar”). The Chief Financial Officer of the Company, effective June 1, 2025, is a director, an officer, and a principal shareholder of Avisar. During the period from June 1, 2025 to December 31, 2025, the Company incurred $84,711 for consulting services provided by Avisar. This amount includes payment for CFO services and the Company does not incur any cash cost to the CFO directly. As of December 31, 2025, the amount owing to Avisar was $13,237.
Directors Compensation
As of December 31, 2025, amounts owned to directors for their fees and expense reimbursements total $211,367 and are included in accounts payable and other accrued liabilities on the Consolidated Balance Sheet (As of December 31, 2024 - $209,408). Additional details regarding individual director compensation are included in the Company’s Proxy Statement for the 2025 Annual Meeting of Stockholders. |