XML 34 R24.htm IDEA: XBRL DOCUMENT v3.22.2.2
Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2022
Related Party Transactions [Abstract]  
Schedule of Incurred Expenses of Minority Shareholders

Case Western Reserve University (“CWRU”) and each of the three physician inventors (“Physician Inventors”) of the intellectual property licensed under the amended and restated patent license agreement with CWRU, dated August 23, 2021 (the “Amended CWRU License Agreement”), each hold a minority equity ownership interest in Lucid Diagnostics Inc. The expenses incurred with respect to the Amended CWRU License Agreement and the three Physician Inventors, as classified in the accompanying consolidated statement of operations for the periods indicated are summarized as follows:

 

                     
  

Three Months Ended

September 30,

  

Nine Months Ended

September 30,

 
   2022   2021   2022   2021 
Cost of Revenue                    
CWRU – Royalty Fee  $4   $10   $13   $10 
                     
General and Administrative Expense                    
CWRU – License Agreement - Amendment Fee - Milestone III       10        10 
Stock-based compensation expense – Physician Inventors’ restricted stock awards   275    273    819    637 
                     
Research and Development Expense                    
Amended CWRU License Agreement - reimbursement of patent legal fees       82    209    195 
Fees - Physician Inventors’ consulting agreements   15    8    32    22 
Sponsored research agreement   4        6     
Stock-based compensation expense – Physician Inventors’ stock options   52    56    151    114 
Total Related Party Expenses  $350   $439   $1,230   $988