Other Agreements (Tables)

3 Months Ended

Mar. 31, 2020

Other Agreements [Abstract]

Schedule of Remaining Minimum Principal Payments Due

Minimum payments to be made in 2020 include $33,528 of revenue-based payments payable as of March 31, 2020 and an estimate of additional revenue-based payments to be made in 2020 relating to actual revenue generated in the second, third and fourth quarters of 2020, estimated using actual revenue generated in the same quarters in 2019. Minimum payments for the remaining periods include only the minimum quarterly payments to be made in each period. Actual payments could vary from what is shown 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 March 31, 2020 are as follows for each fiscal year:

2020		1,093,592
2021		400,000
2022		400,000
2023		400,000
2024		400,000
2025 and beyond		2,577,110
Total NuvoGen obligation payments		5,270,702
Plus interest accretion		88,881
Total NuvoGen obligation, net	$	5,359,583