Note 6 – Related Party Transactions

Other than transactions and balances related to cash and share-based compensation to officers and directors, the Company did not have any transactions and balances with related parties and executive officers during the three and six months ending June 30, 2018 and 2017 except for the following.

Shareholder Loan

During the three months ended June 30, 2018, the Company received $126 in cash proceeds as repayment of a shareholder loan. The loan was entered into on May 15, 2017 for a principal balance of $122 at a stated interest rate of 3.4%. The loan principal and accrued interest was repaid in full as of June 30, 2018. For the three and six months ended June 30, 2018, the Company recorded $4 as finance income related to the shareholder loan. For the three and six months ended June 30, 2017, the Company recorded $0 as finance income related to the shareholder loan.

Sales and Marketing Services Arrangement with FreeHold Surgical, Inc.

In August, 2017, the Company began paying a monthly fee to FreeHold Surgical, Inc (“FreeHold”), an entity in which one of our Directors serves as a Director and President. Pursuant to the fee arrangement, the Company pays FreeHold a monthly amount of approximately $25 as all-in compensation for sales and marketing services performed for the Company, on a part time basis, by two Freehold sales representatives. As of June 30, 2018 and December 31, 2017, the Company had $25 and $50 recorded as accounts payable to FreeHold, respectively. For the three and six months ended June 30, 2018, the Company recorded $75 and $150, respectively, as general and administrative expense related to this arrangement.