RELATED PARTY BALANCES AND TRANSACTIONS

9 Months Ended

Sep. 30, 2024

Related Party Transactions [Abstract]

RELATED PARTY BALANCES AND TRANSACTIONS

NOTE 11—RELATED PARTY BALANCES AND TRANSACTIONS

Officer and Director Fees

The Company recorded consulting service fees to officers of $403,000 and $391,000 for the nine-month periods ended September 30, 2024 and 2023, respectively, and $134,000 and $131,000 for the three-month periods ended September 30, 2024 and 2023, respectively, which are included in selling, general and administrative expense.

The Company recorded fees to directors of $56,000 and $52,000 for the nine-month periods ended September 30, 2024 and 2023, respectively, and $19,000 and $18,000 for the three-month periods ended September 30, 2024 and 2023, respectively, which are included in selling, general and administrative expense.