Other Agreements (Tables)

6 Months Ended

Jun. 30, 2019

Other Agreements [Abstract]

Schedule of Remaining Minimum Principal Payments Due

Minimum payments to be made in 2019 include $247,779 of revenue-based payments payable as of June 30, 2019, and an estimate of the additional revenue-based payment to be made in the fourth quarter of 2019 relating to revenue generated in the third quarter of 2019 using actual revenue generated in the same quarter in 2018. Minimum payments to be made in 2020 include an estimate of additional revenue-based payments to be made in the first and second quarters of 2020 relating to revenue generated in the fourth quarter of 2019 and the first quarter of 2020 using actual revenue generated in the same quarters in 2018 and 2019. Minimum payments for the remaining periods 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. The remaining minimum payments to be made to NuvoGen as of June 30, 2019 are as follows for each fiscal year:

2019	$	630,162
2020		855,855
2021		400,000
2022		400,000
2023		400,000
2024 and beyond		3,544,749
Total NuvoGen obligation payments		6,230,766
Plus interest accretion		99,649
Total NuvoGen obligation, net	$	6,330,415