Related Party Transactions
|6 Months Ended|
Jun. 30, 2022
|Related Party Transactions [Abstract]|
|Related Party Transactions||Related Party Transactions
The Company’s Chief Executive Officer and founder has ownership interests in certain vendors providing services to the Company. The services purchased from these vendors include rent of office space and certain utilities and maintenance services related to the property on which the rented premises are located. Expenses and related payments to these vendors totaled $0.2 million and $0.4 million during the three and six months ended June 30, 2022, respectively and $0.4 million and $0.7 million during the three and six months ended June 30, 2021, respectively. The Company owed these vendors nil and $0.1 million as of June 30, 2022 and December 31, 2021, respectively.
In addition, the Company entered into certain transactions with SummerBio. These transactions included purchases of COVID-19 testing services for the Company’s employees for a total amount of $0.5 million and $1.1 million during the three and six months ended June 30, 2022, respectively and $0.2 million and $0.6 million during the three and six months ended June 30, 2021, respectively. Total amount due to SummerBio was $0.2 million and $0.1 million at June 30, 2022 and December 31, 2021, respectively.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef