Related Party Transactions
|6 Months Ended|
Jun. 30, 2022
|Related Party Transactions|
|Note 7. Related Party Transactions||
Note 7. Related Party Transactions
On February 9, 2022, the Company entered into an agreement with We Don’t Have Time Inc. (“WDHT”), an organization with a social media network platform dealing with the climate crisis, pursuant to which WDHT will provide a variety of climate-change related consulting services to the Company and the Company agreed to pay a monthly membership fee of $1,200 to WDHT through and including December 2022. Dr. Chakraborty, a member of the Company’s Board of Directors, is also the President and Executive Board Member of WDHT. For the three months and six-months ended June 30, 2022, the Company incurred $3,600 and $7,200, respectively, in dues paid to WDHT.
In addition, for the three months and six-months ended June 30, 2022, the Company incurred $35,000 and $85,000, respectively, in fees to WDHT to attend two conferences in which the Company participated with WDHT to promote the Company’s nuclear fuel.
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