Related Party Transactions |
9 Months Ended |
|---|---|
Sep. 30, 2021 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions |
Note 8 – Related Party Transactions
Alcimede LLC
Alcimede LLC (“Alcimede”) billed $0.1 million and $0.1 million for consulting fees for the three months ended September 30, 2021 and 2020, respectively, and $0.3 million and $0.3 million for consulting fees for the nine months ended September 30, 2021 and 2020, respectively. Seamus Lagan, the Company’s President and Chief Executive Officer, is the sole manager of Alcimede (also see Note 11).
InnovaQor
In addition to the investment in InnovaQor’s Series B Preferred Stock (see Notes 1 and 14), at September 30, 2021, the Company had a receivable from related party resulting from working capital advances to InnovaQor of approximately $0.2 million during the three months ended September 30, 2021. During the three and nine months ended September 30, 2021, the Company contracted with InnovaQor to provide ongoing health information technology-related services totaling $51,229.
The terms of the foregoing transactions and the transactions discussed in Notes 1, 6, 11 and 14 are not necessarily indicative of those that would have been agreed to with unrelated parties for similar transactions.
|