Other Agreements (Tables)

12 Months Ended

Dec. 31, 2019

Other Agreements [Abstract]

Schedule of Remaining Minimum Principal Payments Due

Minimum payments to be made in 2020 include $187,997 of revenue-based payments payable as of December 31, 2019 and an estimate of additional revenue-based payments to be made throughout the remainder of 2020 relating to revenue generated in the first, second and third quarters of 2020 using actual revenue generated in the same quarters in 2019. 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:

2020		1,152,233
2021		400,000
2022		400,000
2023		400,000
2024		400,000
2025 and beyond		2,806,466
Total NuvoGen obligation payments		5,558,699
Plus interest accretion		92,311
Total NuvoGen obligation, net	$	5,651,010