Contract and Contribution Payable (Tables)

9 Months Ended

Sep. 30, 2016

Contract And Contribution Payable Tables

Summary of contract and contribution payable

Below is a summary of contract and contribution payable at September 30, 2016 and December 31, 2015:

	2016			2015
Contribution payable to the University of Pittsburgh, in quarterly installments of $9,375, through July 2016	$	-		$	28,125
Contract payable to Dr. Jorg Gerlach in connection with the APA. $50,000 is due on December 31, 2016 and $100,000 is due on December 31, 2017		150,000			200,000
Contract for option agreement purchase		-			6,000
Total		150,000			234,125
Less: current portion		(50,000	)		(134,125	)
Long-term portion	$	100,000		$	100,000