9.    Related Parties

Helge Kristensen

Mr. Kristensen has served as a member of the Company’s board of directors since 2010. Mr. Kristensen serves as vice president of Hansong Technology, an original device manufacturer of audio products based in China, president of Platin Gate Technology (Nanjing) Co. Ltd, a company with focus on service-branding in lifestyle products as well as pro line products based in China and co-founder and director of Inizio Capital, an investment company based in the Cayman Islands.

For the three months ended March 31, 2022 and 2021, Hansong Technology purchased modules from the Company of approximately $83,000 and $82,000, respectively, and made payments to the Company of approximately $0 and $48,000, respectively. For the three months ended March 31, 2022 and 2021, Hansong Technology sold speaker products to the Company of approximately $457,000 and $626,000, respectively, and the Company made payments to Hansong Technology of approximately $299,000 and $210,000, respectively. At March 31, 2022 and 2021, the Company owed Hansong Technology approximately $949,000 and $621,000, respectively.

As of March 31, 2022 and December 31, 2021, Mr. Kristensen owned less than 1.0%of the outstanding shares of the Company’s common stock.

David Howitt

Mr. Howitt has served as a member of the Company’s board of directors since December 2021. Mr. Howitt is founder and CEO of Meriwether Group LLC, (“Meriwether”), a strategic consulting firm that works with disruptive consumer brands. Meriwether is the manager of Meriwether Accelerators LLC (“Meriwether Accelerators”).

The Company is a party to a professional services agreement with Meriwether Accelerators, dated as of January 15, 2022, pursuant to which, the Company has agreed to pay Meriwether Accelerators (i) $7,500 per month; and (ii) issue 10,000 shares of common stock for each partnership brought to fruition as a result of Meriwether Accelerators’ services and introduction, for up to 40,000 shares of Common Stock, which shares will have piggyback registration rights, in consideration for certain licensing services and strategic partnership collaborations to be provided by Meriwether Accelerators as set forth in such agreement. For the three months ended March 31, 2022, the Company has paid Meriwether Accelerators $15,000. As of March 31, 2022, the Company has not issued any shares of common stock to Meriwether Accelerators under this agreement nor has it recorded any compensation expense related to the issuance of common stock.

As of March 31, 2022 and December 31, 2021, Mr. Howitt owned less than 1.0%of the outstanding shares of the Company’s common stock.