Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 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 and health insurance (and rent during the three and six months ended June 30, 2025) based on actual costs incurred, which are recognized as a reduction of our general and administrative operating expenses in our condensed consolidated statements of operations. Included in our general and administrative expenses is approximately $34,000 and $31,000 of reimbursements from CorLyst during the three months ended June 30, 2026 and 2025, respectively, and $50,000 and $60,000 for the six months ended June 30, 2026 and 2025, respectively. At June 30, 2025, we included $29,000 due from CorLyst as a current asset in Prepaid and Other. No amounts were due at June 30, 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 shares of our common stock for a cumulative $1.4 million in net proceeds. At June 30, 2026, the Chiliz Group owned 10.9% of shares of our common stock outstanding.
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