Related Party Transactions

9 Months Ended

Sep. 30, 2023

Related Party Transactions [Abstract]

Related Party Transactions

RELATED PARTY TRANSACTIONS

The Company has an agreement with Sander Electronics, Inc., a shareholder of the Company, which provides for purchases by the Company of TLED products and spare parts. Purchases from Sander Electronics, Inc for the three and nine months ended September 30, 2023 totaled $196 thousand and $272 thousand, respectively. Accounts payable to Sander Electronics, Inc. amounted to $272 thousand and $0 as of September 30, 2023, and December 31, 2022, respectively.

Please refer to Note 7 for further details on Promissory Notes from shareholders.

Please refer to Note 9 for further details on Private Placements in 2023 and 2022