XML 24 R13.htm IDEA: XBRL DOCUMENT v3.19.2
Royalty Payable
6 Months Ended
Jun. 30, 2019
Payables and Accruals [Abstract]  
Royalty Payable
Royalty Payable

The Company entered into various agreements and subsequently received funding from investors for use by the Company for the research and development of its Opioid Overdose Reversal Treatment Product ("OORTP"). In exchange for this funding, the Company agreed to provide investors with interest in the OORTP Net Profit generated from its OORTP in perpetuity. As of December 31, 2018, the Company determined an OORTP Net Profit as a result of NARCAN® sales by Adapt and recorded a royalty payable of $1.0 million. As of June 30, 2019, the Company has a royalty payable of approximately $0.9 million.