Related Party Transactions |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions |
Due to Related Parties
Amounts owed to related parties are as follows:
During the six months ended June 30, 2026, the Company received $274,000 in additional advances from Spark Capital Investments LLC (“Spark Capital”), a related party and stockholder of the Company, under an existing promissory note arrangement. The amounts due to related parties are unsecured, non-interest bearing or accrue interest at de minimis rates, and are due on demand. Any imputed interest is not material.
Accrued Expenses — Related Party
Accrued expenses to related parties at June 30, 2026, totaled $180,000, compared with $185,000 at December 31, 2025. The accrual primarily represents unpaid consulting fees due to Spark Capital under a consulting services arrangement entered into in 2025. The change during the period reflects partial payment of consulting amounts previously accrued.
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