Other Agreements (Tables)

9 Months Ended

Sep. 30, 2020

Other Agreements [Abstract]

Schedule of Remaining Minimum Principal Payments Due

Remaining minimum payments to be made in 2020 include $6,626 of revenue-based payments payable as of September 30, 2020 and the fourth quarter 2020 minimum payment. Minimum payments to be made in 2021 include an estimate of additional revenue-based payments to be made in the first, second and third quarters of 2021 relating to revenue generated in the fourth quarter of 2020 and in the first and second quarters of 2021, estimated using revenue generated in the same quarters in 2019 and 2020. 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 2021 and beyond exceeds $400,000.

The remaining minimum payments to be made to NuvoGen as of September 30, 2020 are as follows for each fiscal year:

2020	$	106,626
2021		639,323
2022		400,000
2023		400,000
2024		400,000
2025 and beyond		3,073,428
Total NuvoGen obligation payments		5,019,377
Plus interest accretion		82,540
Total NuvoGen obligation, net	$	5,101,917