Other Agreements (Tables)

3 Months Ended

Mar. 31, 2019

Other Agreements [Abstract]

Schedule of Remaining Minimum Principal Payments Due

Minimum payments to be made in 2019 include $92,169 of revenue-based payments payable as of March 31, 2019, and an estimate of additional revenue-based payments to be made throughout the remainder of 2019 relating to revenue generated in the second, third and fourth quarters of 2019 using actual revenue generated in the same quarters in 2018. 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 2020 and beyond exceeds $400,000:

2019	$	1,232,884
2020		400,000
2021		400,000
2022		400,000
2023		400,000
2024 and beyond		3,590,051
Total NuvoGen obligation payments		6,422,935
Plus interest accretion		102,718
Total NuvoGen obligation, net	$	6,525,653