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Related Party Transactions | 3 Months Ended
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Mar. 31, 2022
Related Party Transactions [Abstract] |
Related Party Transactions | Note 10. Related Party Transactions The Company entered into an agreement with MegaChips Corporation ("MegaChips"), whereby the Company appointed MegaChips as a non-exclusive sales representative of its products in Japan. The Company sold products through MegaChips to distributors, resellers, or direct customers in Japan. The Company paid MegaChips a fixed percentage of the revenue as sales commission, which was recorded as commission expense and included in sales and marketing in the consolidated statements of operations and comprehensive loss. In connection with the Company's efforts to contract directly with distributors in Japan, the Company entered into a termination agreement with MegaChips pursuant to which the Company and MegaChips mutually terminated the Distribution Agreement effective November 3, 2021. The Company also entered into a service and secondment agreement with MegaChips LSI USA Corporation, a wholly owned subsidiary of MegaChips, in 2020 that terminated on August 31, 2021. MegaChips is the largest stockholder of the Company and held approximately 23.8% and 24.0% of the Company’s outstanding common stock as of March 31, 2022 and December 31, 2021, respectively. In May 2021, the Company signed a consulting agreement with Akira Takata, a member of the Board of Directors of the Company, to provide sales consulting services through December 31, 2021, for which he received monthly cash fees of $5,000, reimbursement of expenses, and an equity award of 500 RSUs that fully vested on November 20, 2021. In December 2021, the Company signed an amendment to extend the consulting agreement with Mr. Takata through December 31, 2022, f o r w h i c h h e c o n t i n u e s t o r e c e i v e m o n t h l y c a s h f e e s, r e i m b u r s e m e n t o f e x p e n s e s, a n d a n e q u i t y a w a r d o f 300 R S U s t h a t f u l l y v e s t o n N o v e m b e r 2 0, 2 0 2 2. The following is a summary of significant balances, transactions and payments with the related parties and affiliates.
|  | Three Months Ended March 31, |
Transactions |  | 2022 |  |  | 2021 |
|  | (in thousands) |
MegaChips |  |  |  |  |  |
Sales through distribution agreement |  | $ | — |  |  | $ | 1,855 |
Commission expense |  |  | — |  |  |  | 77 |
Affiliates |  |  |  |  |  |
Consulting fees |  |  | 63 |  |  |  | 87 |
|  | Three Months Ended March 31, |
Payments |  | 2022 |  |  | 2021 |
|  | (in thousands) |
MegaChips |  |  |  |  |  |
Cash paid for commissions |  | $ | - |  |  | $ | 77 |
Affiliates |  |  |  |  |  |
Cash paid for consulting fees |  |  | 63 |  |  |  | 87 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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