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Related-Party Transactions
 9 Months Ended
Sep. 30, 2021
Related-Party Transactions  
Related-Party Transactions

Note 19. Related Party Transactions

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Subsequent to the ANP restructuring discussed in Note 3, which involved various related parties, Hanxin is no longer a wholly-owned subsidiary of the Company and was deconsolidated in the third quarter of 2021.

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The Company determined that it has significant influence over Hanxin as a result of its 14% ownership interest, its seat on Hanxin’s board of directors, and Henry Zhang’s position as an equity holder, general manager, and chairman of the board of directors of Hanxin, given he is the son of Dr. Jack Zhang. Additionally, Dr. Mary Luo and Dr. Jack Zhang, through an affiliated entity, have an ownership interest in Hanxin and as such Hanxin continues to be a related party after the restructuring.

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As of September 30, 2021, the Company had a receivable from Hanxin of approximately $2.5 million, the majority of which was collected subsequent to the end of the quarter.