Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

Related Party Transactions
9 Months Ended
Sep. 30, 2023
Related Party Transactions [Abstract]  
Related Party Transactions


On January 4, 2023, the Company entered into the Steel Holdings Consulting Agreement with Steel Holdings, LLC, effective as of January 1, 2023. Steel Holdings, LLC is an entity affiliated with Chad Steelberg, our current Chairman of the Board and former Chief Executive Officer effective as of December 31, 2022. Under the Steel Holdings Consulting Agreement, the Company retained Mr. Steelberg as a consultant to provide ongoing Chief Executive Officer transition services and to manage and oversee the further development of the Company’s aiWARE platform. During the three and nine months ended September 30, 2023, the Company recorded a research and development expense of $167 and $495, respectively for consulting fees and reimbursements for reasonable and documented expenses; $397 and $1,028, respectively for variable consultant performance bonus expense; and $235 and $582 in stock-based compensation expense for the Steel Holdings Consulting PSUs.

There were no other related party transactions during the nine months ended September 30, 2023.