Company: ARTL
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001640334-25-000825
Chunk: 121

Company: ARTELO BIOSCIENCES, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 121
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,   2025  2024        General and administrative      Employee and director compensation $239  $244 Stock-based compensation  114   139 Professional fees  325   390 Other general and administrative (a)  317   309 Total general and administrative  995   1,082     Three months ended   March 31,   2025  2024        Research and development      Employee compensation $233  $229 Stock-based compensation  78   74 Professional fees  1,010   973 Other research and development (b)  63   231 Total research and development  1,384   1,507        (a)Consists of sales and marketing, investor relations, travel and other office expenses.  (b)Consists of supplies and other items used in research and development activities.

NOTE 4 – RELATED PARTY TRANSACTIONS During the three months ended March 31, 2025, and 2024, a company owned by the Senior Vice President, European Operations, provided consulting services totaling $5 and $2, respectively. As of March 31, 2025, and December 31, 2024, there was $5 and $1, outstanding, respectively.

 11Table of Contents

 During the three months ended March 31, 2025, and 2024, a company significantly influenced by a director of a subsidiary of the Company provided professional services totaling $12 and $54, respectively. As of March 31, 2025, and December 31, 2024, there was $12 and $36 outstanding, respectively. During the three months ended March 31, 2025, and 2024, a company controlled by a director of a subsidiary of the Company provided professional services totaling $20 and $23, respectively. As of March 31, 2025, and December 31, 2024, there was $6 and $24 outstanding, respectively. 

NOTE 5 - EQUITY Preferred shares The Company has authorized 416,667 shares of preferred stock with a par value of $0.001 per share. As of March 31, 2025, and December 31, 2024, there were no shares of preferred