Royalty Payable

12 Months Ended

Dec. 31, 2020

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 its OORT Product. In exchange for this funding, the Company agreed to provide investors with interest in the OORT Net Profit generated from its OORT Product in perpetuity. The following table sets forth the royalty payable to certain investors as of December 31, 2020 and 2019:

(in thousands)	Net Profit %		December 31, 2020		December 31, 2019
Potomac	10.2%	$	822	$	698
LYL	5.0%		402		341
Welmers	1.5%		121		103
Foundation	6.0%		483		410
Pendergast	1.0%		80		68
Royalty payable	23.7%	$	1,908	$	1,620