License Agreements (Details Narrative) - License Agreement - Villani, Inc - USD ($) |
1 Months Ended | 6 Months Ended |
|---|---|---|
Mar. 31, 2017 |
Jun. 30, 2021 |
|
| Description of termination of agreement | (i) by either party for material breach with 90 days written notice, or 30 days’ notice if for material payment breach, if such material breach is not cured within such notice period, (ii) immediately upon written notice to either party if either party initiates a voluntary bankruptcy proceeding, dissolves or winds-up its business, (iii) immediately upon written notice to either party if either party becomes subject to involuntary bankruptcy proceedings, if such proceedings are not dismissed or stayed within 90 days. | |
| Description license agreement | (i) the expiration of the last to expire valid claim in such country (which is set to expire in 2023), (ii) the expiration of regulatory exclusivity for such Licensed Product in such country, and (iii) 15 years from the date of the first commercial sale of the Licensed Product in such country | |
| Outstanding loan forgave | $ 400,000 | |
| Series 1c preferred units issued | 5,221,156 | |
| Percentage of fully diluted capitalization | 5.00% | |
| Proceeds from stock issued | $ 730,962 | |
| Maximum future milestone payments | $ 20,250,000 | |
| Description of sublicense revenue | If the Company sublicenses the License, the Company is obligated to pay to Villani a sublicense fee of between 5% and 15% of Sublicense revenues (as defined in the License Agreement) received by the Company |