Commitments and Contingencies |
9 Months Ended | ||
|---|---|---|---|
Sep. 30, 2024 | |||
| Commitments and contingencies (Note 4) | |||
| Commitments and Contingencies |
Lease Commitments
We leased our office facility under an operating lease that expired in June 2024. Rent expense associated with this lease was approximately $0 and $32,000 for the three months ended September 30, 2024 and 2023, respectively, and $64,000 and $96,000 for the nine months ended September 30, 2024 and 2023, respectively.
Legal Proceedings
In 2020, a legal proceeding was initiated against us by a former employee alleging wrongful termination, retaliation, infliction of emotional distress, negligent supervision, hiring and retention and slander. An independent investigation into this individual’s allegations of whistleblower retaliation, while still an employee, was conducted utilizing an outside investigator and concluded that such allegations were not substantiated. In September 2023, Fedson, as consideration for the Asset Purchase Agreement, agreed to assume all liabilities related to this pending employment claim (see Note 5. Asset Sale). |