Related party transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related party transactions | Note 5. Related party transactions
Related party receivable
Amounts due from MIRALOGX as of June 30, 2026 and December 31, 2025, which are presented as a related party receivable, in the accompanying condensed consolidated balance sheets, totaled $35,439 for both periods. These aforementioned amounts are composed of research and development expenses paid by the Company on behalf of MIRALOGX and for which the Company expects reimbursement, specifically, research and development payables.
Accrued Compensation and Advances Payable to Related Party
As of June 30, 2026 and December 31, 2025, the Company owed an aggregate of $ and $242,258 of accrued compensation, respectively, to its Chairman and Chief Executive Officer, Erez Aminov, primarily related to deferred salary and bonus obligations. The outstanding accrued compensation was repaid during the six months ended June 30, 2026 and no amounts remained outstanding as of June 30, 2026.
As of December 31, 2025, advances made by Mr. Aminov to the Company to cover certain Company-related payables totaled $330,607. The outstanding advances payable were repaid during the six months ended June 30, 2026, and no amounts remained outstanding as of June 30, 2026.
Asset Acquisition and Short-Term Investment
See Note 4 for asset acquisition from a related party and short term investment in a related party.
License Agreement
See Note 3.
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