XML 40 R27.htm IDEA: XBRL DOCUMENT v3.22.1
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)
3 Months Ended
Mar. 07, 2022
Jan. 12, 2022
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]          
Professional fee     $ 113,885 $ 16,082  
Prepaid expense     13,178   $ 5,498
Accounts payable     $ 514,000   $ 487,792
License Agreement [Member]          
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]          
License agreement, description     the Company executed a License Agreement with MGH. Prior to the first commercial sale, the License Agreement requires the Company to pay MGH a non-refundable annual license fee of $10,000 by June 30, 2022, and on each subsequent anniversary of the Effective Date thereafter. Additionally, following the first commercial sale, the License agreement requires the Company to pay MGH a non-refundable annual minimum royalty in the amount of $100,000 per year within sixty days after each annual anniversary of the Effective Date.    
License Agreement [Member] | Massachusetts General Hospital [Member]          
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]          
License agreement, description     The License Agreement additionally requires VI to pay to MGH a $1.0 million “success payment” within 60 days after the first achievement of total net sales of Product or Process equal or exceeding $100,000,000 in any calendar year and $4,000,000 within 60 days after the first achievement of total net sales of Product or Process equal to or exceeding $250,000,000 in any calendar year. The Company is also required to reimburse MGH’s expenses in connection with the preparation, filing, prosecution and maintenance of all Patent Rights. No expense reimbursements were paid to MGH during the three months ended March 31, 2022, and 2021.    
Percentage for royalty     1.00%    
Payment for related party     $ 1,000,000.0    
Consulting Agreement [Member] | Donohoe Advisory Associates, LLC [Member]          
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]          
Payment for retainer fee   $ 17,500      
Professional fee     5,820 0  
Prepaid expense     11,680    
Payment of success fee to consultant     10,000    
Dividends, Common Stock     10,000    
Consulting Agreement [Member] | Alpha IR Group, LLC [Member]          
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]          
Professional fee     16,667 $ 0  
Agreed to payment of compensation $ 50,000        
Accounts payable     $ 16,667