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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of milestone payments
Milestone  Payment 
Filing of an Investigational New Drug (or any foreign equivalent) for a Licensed Product  $50,000 
Dosing of first patient in a Phase 1 Clinical Trial of a Licensed Product  $100,000 
Dosing of first patient in a Phase 2 Clinical Trial of a Licensed Product  $250,000 
Receipt of New Drug Application (“NDA”) (or foreign equivalent) approval for a Licensed Product  $500,000 
Achievement of First Commercial Sale of Licensed Product  $1,000,000 

 

Schedule of UMB minimum royalty payments
Years  Minimum Annual Royalty 
Prior to First Commercial Sale  $
N/A
 
Year of First Commercial Sale  $
N/A
 
First calendar year following the First Commercial Sale  $25,000 
Second calendar year following the First Commercial Sale  $25,000 
Third calendar year following the First Commercial Sale  $100,000 

 

Schedule of exclusive of value added tax to be amortized
Payment      
1 86,777 Euros ($101,520 USD)     Upon signing the Study Agreement and was paid in December 2020
2 86,777 Euros ($101,520 USD)     Obtained approval from ethical committee
3 86,777 Euros ($101,520 USD)     Data collection has commenced
4 130,166 Euros ($152,281 USD)     First half of the participants are tested
5 43,885 Euros ($50,760 USD)     Completion of data collection and delivery of final report

 

Schedule of shall pay UMB
Payment    
1   $ 92,095     Upon execution of the July 2021 Sponsored Research Agreement
2   $ 92,095     Six months after the start of project work as outlined in the July 2021 Sponsored Research Agreement
3   $ 92,095     Upon completion of the project work as outlined in the July 2021 Sponsored Research Agreement