Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v3.22.2.2
Related Party Transactions (Tables)
6 Months Ended
Jun. 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:

  

    2022     2021     2022     2021  
   

Three Months Ended

June 30,

   

Six Months Ended

June 30,

 
    2022     2021     2022     2021  
Cost of Revenue                                
CWRU – Royalty Fee   $     $     $ 9     $  
                                 
General and Administrative Expense                                
Stock-based compensation expense – Physician Inventors’ restricted stock awards     272       273       544       364  
                                 
Research and Development Expense                                
Amended CWRU License Agreement - reimbursement of patent legal fees     209       113       209       113  
Fees - Physician Inventors’ consulting agreements     10       1       18       14  
Sponsored research agreement                 3        
Stock-based compensation expense – Physician Inventors’ stock options     52       52       99       58  
Total Related Party Expenses   $ 543     $ 439     $ 882     $ 549