Transactions with related parties |
6 Months Ended | ||
|---|---|---|---|
Jun. 30, 2026 | |||
| Transactions with related parties [Abstract] | |||
| Transactions with related parties |
Effective January 1, 2019, the Company entered into a related-party management services agreement with The Electrum Group LLC, the investment adviser for Electrum Global Holdings L.P. Pursuant to the management services agreement, The Electrum Group LLC will provide various operational, accounting and administrative services to the Company and will charge the Company based on the actual time spent by its employees or consultants at agreed upon rates. The Electrum Group LLC will also charge the Company for all reasonable out-of-pocket expenses for work related to this agreement. For the three months ended June 30, 2026 and 2025, the expenses related to this agreement amounted to $1,999 and zero, respectively. For the six months ended June 30, 2026 and 2025, the expenses related to this agreement amounted to $5,167 and $56,372, respectively.
For the three and six months ended June 30, 2025, the interest expense accrued under the convertible long-term debt with related parties amounted to $181,699 and $83,933 under the term loan agreements with Electrum Strategic Opportunities Fund II L.P. and Electrum Global Holdings L.P., respectively.
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