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Other Agreements (Tables)
12 Months Ended
Dec. 31, 2022
Other Agreements [Abstract]  
Schedule of Remaining Minimum Principal Payments Due

Minimum payments to be made in 2023 include $46,031 of revenue-based payments payable as of December 31, 2022 and an estimate of additional revenue-based payments to be made throughout the remainder of 2023 relating to revenue generated in the first, second and third quarters of 2023 using actual revenue generated in the same quarters in 2022. Minimum payments for the remaining years include only the minimum payments for each year. Actual payments could be significantly more than provided in the table, to the extent that 6% of the Company’s annual revenue in those years exceeds $0.4 million:

2023

 

$

446,031

 

2024

 

 

400,000

 

2025

 

 

400,000

 

2026

 

 

400,000

 

2027

 

 

400,000

 

2028 and beyond

 

 

1,863,438

 

Total NuvoGen obligation payments

 

 

3,909,469

 

 Plus interest accretion

 

 

55,620

 

Total NuvoGen obligation, net

 

$

3,965,089