Energous Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

Related Party Transactions	12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Note 10 – Related Party Transactions In November 2016, the Company and Dialog entered into an alliance agreement for the manufacture, distribution and commercialization of products incorporating the Company’s wire-free charging technology (See Note 6 – Commitments and Contingencies, Strategic Alliance Agreement). On November 7, 2016 and June 28, 2017, the Company and Dialog entered into securities purchase agreements under which Dialog acquired a total of 1,739,691 shares and received warrants to purchase up to 1,417,565 shares. As of December 31, 2020, none of the warrants remain outstanding. Dialog presently owns approximately 2.8% of the Company’s outstanding common shares. The Company recorded $0 and $7,100 in royalty revenue for the years ended December 31, 2020 and 2019, respectively, pursuant to the Strategic Alliance Agreement. Additionally, the Company recorded $130,000 and $0 in contract services revenue during the years ended December 31, 2020 and 2019, respectively. The Company also recorded related expenses of $126,539 and $0 in cost of services revenue during the years ended December 31, 2020 and 2019, respectively.

Related Party Transactions

12 Months Ended

Dec. 31, 2020

Note 10 – Related Party Transactions

In November 2016, the Company and Dialog entered into an alliance agreement for the manufacture, distribution and commercialization of products incorporating the Company’s wire-free charging technology (See Note 6 – Commitments and Contingencies, Strategic Alliance Agreement). On November 7, 2016 and June 28, 2017, the Company and Dialog entered into securities purchase agreements under which Dialog acquired a total of 1,739,691 shares and received warrants to purchase up to 1,417,565 shares. As of December 31, 2020, none of the warrants remain outstanding. Dialog presently owns approximately 2.8% of the Company’s outstanding common shares. The Company recorded $0 and $7,100 in royalty revenue for the years ended December 31, 2020 and 2019, respectively, pursuant to the Strategic Alliance Agreement. Additionally, the Company recorded $130,000 and $0 in contract services revenue during the years ended December 31, 2020 and 2019, respectively. The Company also recorded related expenses of $126,539 and $0 in cost of services revenue during the years ended December 31, 2020 and 2019, respectively.