Royalty Payable

12 Months Ended

Dec. 31, 2021

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, 2021 and 2020:

(in thousands)	Net Profit %		December 31, 2021		December 31, 2020
Potomac	10.2%	$	1,257	$	822
LYL	5.0%		616		402
Welmers	1.5%		185		121
Foundation	6.0%		739		483
Pendergast	1.0%		123		80
Royalty payable	23.7%	$	2,920	$	1,908