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.
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