Other Agreements (Tables)

9 Months Ended

Sep. 30, 2019

Other Agreements [Abstract]

Schedule of Remaining Minimum Principal Payments Due

Minimum payments to be made in 2019 include $224,288 of revenue-based payments payable as of September 30, 2019. Minimum payments to be made in 2020 include an estimate of additional revenue-based payments to be made in 2020 relating to actual revenue generated in the first, second and third quarters of 2020, estimated using actual revenue generated in the same quarters in 2019. Minimum payments for the remaining periods include only the minimum payments for each quarterly period. 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 September 30, 2019 are as follows for each fiscal year:

2019	$	324,288
2020		1,103,635
2021		400,000
2022		400,000
2023		400,000
2024 and beyond		3,255,063
Total NuvoGen obligation payments		5,882,986
Plus interest accretion		95,860
Total NuvoGen obligation, net	$	5,978,846