Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

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Related Party Transactions
9 Months Ended
Sep. 30, 2018
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions

We have a consulting agreement with Equity Dynamics, Inc. (“EDI”), an entity controlled by John Pappajohn, effective April 1, 2014 pursuant to which EDI receives a monthly fee of $10,000. In addition, EDI charged us $60,000 in September 2018 for financial consulting. Total expenses for each of the three months ended September 30, 2018 and 2017 were $90,000 and $30,000, respectively. Total expenses for each of the nine months ended September 30, 2018 and 2017 were $150,000 and $90,000, respectively. As of September 30, 2018, we owed EDI $140,000.

Pursuant to a consulting and advisory agreement that ended December 31, 2016, Dr. Chaganti received an option to purchase 200,000 shares of our common stock at a purchase price of $15.89 per share vesting over a period of four years. Total non-cash stock-based compensation recognized under the consulting agreement for the three months ended September 30, 2018 and 2017 was $0 and $12,625, respectively. Total non-cash stock-based compensation recognized under the consulting agreement for the nine months ended September 30, 2018 and 2017 was $0 and $62,125, respectively.