Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

v3.21.1
Related Party Transactions
12 Months Ended
Dec. 31, 2020
Related Party Transactions  
Related Party Transactions

14.        Related Party Transactions

The Company compensates its board members. Board members received cash compensation between approximately $61,500 and $221,000, for services rendered during 2020 and 2019. Board members also received equity compensation.

The Company owns 85% of the outstanding equity of Pelican, a related party as of the year ended December 31, 2020. See Note 4 about future milestone payments that may be paid to Participating Pelican Shareholders.