Note 7 – 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 4 – 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 June 30, 2021, none of the warrants remain outstanding. As of June 30, 2021, Dialog owns approximately 2.8% of the Company’s outstanding common shares. The Company recorded $0 and $0 for the three months ended June 30, 2021 and 2020, respectively, and $0 and $0 in for the six months ended June 30, 2021 and 2020, respectively, in royalty revenue. Additionally, the Company recorded $0 and $89,375 in contract services revenue performed by Dialog during the three months ended June 30, 2021 and 2020, respectively, and the Company recorded $0 and $130,000 in contract services revenue performed by Dialog during the six months ended June 30, 2021 and 2020, respectively. The Company recorded $0 and $86,995 in cost of services revenue associated with contract services performed for Dialog during the three months ended June 30, 2021 and 2020, respectively, and the Company recorded $0 and $126,539 in cost of services revenue associated with contract services performed for Dialog during the six months ended June 30, 2021 and 2020, respectively. Additionally, the Company incurred $183,000 and $0 in chip development expense from Dialog, during the three months ended June 30, 2021 and 2020, respectively, and the Company incurred $183,000 and $0 in chip development expense from Dialog during the six months ended June 30, 2021 and 2020, respectively.