Note 18 - Related Party Transactions
|9 Months Ended|
Sep. 30, 2023
|Notes to Financial Statements|
|Related Party Transactions Disclosure [Text Block]||
Note. 18 Related Party Transactions
On February 4, 2023, the Company entered into a mutual release and settlement agreement with an entity to settle and resolve any and all potential claims brought forth in connection with a consulting agreement executed between the entity and the Company in July 2017. Under the terms of the consulting agreement, the Company was required to make milestone payments for the introduction of potential partners for, and the consummation of, a strategic joint venture. A member of the Company's board of directors is affiliated with one of two entities under common control.
The Company settled on an amount of $325 to be paid in cash overmonths, with combined initial payments of $145 due in the first 40 days and $15 per month for the remaining 12 months. The Company has a liability of $105 and $325 related to this settlement on its condensed consolidated balance sheet as of September 30, 2023 and December 31, 2022, respectively.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef