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Transactions with Affiliates (Details)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2013
USD ($)
Dec. 31, 2013
EUR (€)
Dec. 31, 2012
EUR (€)
Sep. 30, 2010
USD ($)
Apr. 01, 2009
USD ($)
Mar. 31, 2009
Dec. 31, 2013
Norwood Secured Loan [Member]
EUR (€)
Dec. 31, 2013
Eardley Holding A.G. [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd. [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd. and Eardley Holding A.G. [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd. August 2011 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd. August 2011 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd. August 2011 Note [Member]
Dec. 31, 2013
Eardley Holding A.G. August 2011 Note [Member]
USD ($)
Dec. 31, 2013
Eardley Holding A.G. August 2011 Note [Member]
EUR (€)
Dec. 31, 2002
Eardley Holding A.G. August 2011 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd. November 2011 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd. November 2011 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd. November 2011 Note [Member]
Dec. 31, 2013
Eardley Holding A.G. November 2011 Note [Member]
USD ($)
Dec. 31, 2013
Eardley Holding A.G. November 2011 Note [Member]
EUR (€)
Dec. 31, 2002
Eardley Holding A.G. November 2011 Note [Member]
Dec. 31, 2013
Eardley Holding A.G. 2006 Note [Member]
USD ($)
Dec. 31, 2013
Eardley Holding A.G. 2006 Note [Member]
EUR (€)
Dec. 31, 2002
Eardley Holding A.G. 2006 Note [Member]
Dec. 31, 2013
Anglo Irish Bank S.A. [Member]
USD ($)
Dec. 31, 2013
Anglo Irish Bank S.A. [Member]
EUR (€)
Dec. 31, 2002
Anglo Irish Bank S.A. [Member]
Dec. 31, 2013
Round Enterprises Ltd November 2012 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd November 2012 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd November 2012 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd. 2007 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd. 2007 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd. 2007 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd. January 2008 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd. January 2008 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd. January 2008 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd. April 2008 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd. April 2008 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd. April 2008 Note [Member]
Dec. 31, 2013
Eardley Holding A.G. May 2012 Note [Member]
USD ($)
Dec. 31, 2013
Eardley Holding A.G. May 2012 Note [Member]
EUR (€)
Dec. 31, 2002
Eardley Holding A.G. May 2012 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd. June 2008 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd. June 2008 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd. June 2008 Note [Member]
Dec. 31, 2013
Eardley Holding A.G. April 2012 Note [Member]
USD ($)
Dec. 31, 2013
Eardley Holding A.G. April 2012 Note [Member]
EUR (€)
Dec. 31, 2002
Eardley Holding A.G. April 2012 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd. November 2008 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd. November 2008 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd. November 2008 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd May 2012 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd May 2012 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd May 2012 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd. April 2012 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd. April 2012 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd. April 2012 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd. February 2009 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd. February 2009 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd. February 2009 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd. June 2009 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd. June 2009 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd. June 2009 Note [Member]
Dec. 31, 2013
Eardley Holding A.G. 2009 Note [Member]
USD ($)
Dec. 31, 2013
Eardley Holding A.G. 2009 Note [Member]
EUR (€)
Dec. 31, 2002
Eardley Holding A.G. 2009 Note [Member]
Dec. 31, 2013
Eardley Holding A.G. February2012 Note [Member]
USD ($)
Dec. 31, 2013
Eardley Holding A.G. February2012 Note [Member]
EUR (€)
Dec. 31, 2002
Eardley Holding A.G. February2012 Note [Member]
Dec. 31, 2013
Von Meyenburg Note [Member]
USD ($)
Dec. 31, 2013
Von Meyenburg Note [Member]
EUR (€)
Dec. 31, 2002
Von Meyenburg Note [Member]
Dec. 31, 2013
Round Enterprises Ltd. October 2009 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd. October 2009 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd. October 2009 Note [Member]
Dec. 31, 2013
Round Enterprises December 2009 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises December 2009 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises December 2009 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd. February 2012 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd. February 2012 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd. February 2012 Note [Member]
Dec. 31, 2013
Eardley Holding A.G. September 2012 Note [Member]
USD ($)
Dec. 31, 2013
Eardley Holding A.G. September 2012 Note [Member]
EUR (€)
Dec. 31, 2002
Eardley Holding A.G. September 2012 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd September 2012 Note [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd September 2012 Note [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd September 2012 Note [Member]
Dec. 31, 2013
Eardley Holding A.G. December 2012 Note [Member]
USD ($)
Dec. 31, 2013
Eardley Holding A.G. December 2012 Note [Member]
EUR (€)
Dec. 31, 2002
Eardley Holding A.G. December 2012 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd January 2013 [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd January 2013 [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd January 2013 [Member]
Dec. 31, 2013
Eardley Holding A.G. January 2013 Note [Member]
USD ($)
Dec. 31, 2013
Eardley Holding A.G. January 2013 Note [Member]
EUR (€)
Dec. 31, 2002
Eardley Holding A.G. January 2013 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd March 2013 [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd March 2013 [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd March 2013 [Member]
Dec. 31, 2013
Eardley Holding A.G. April 2013 Note [Member]
USD ($)
Dec. 31, 2013
Eardley Holding A.G. April 2013 Note [Member]
EUR (€)
Dec. 31, 2002
Eardley Holding A.G. April 2013 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd April 2013 [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd April 2013 [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd April 2013 [Member]
Dec. 31, 2013
Eardley Holding A.G. May 2013 Note [Member]
USD ($)
Dec. 31, 2013
Eardley Holding A.G. May 2013 Note [Member]
EUR (€)
Dec. 31, 2002
Eardley Holding A.G. May 2013 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd May 2013 [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd May 2013 [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd May 2013 [Member]
Dec. 31, 2013
Eardley Holding A.G. June 2013 Note [Member]
USD ($)
Dec. 31, 2013
Eardley Holding A.G. June 2013 Note [Member]
EUR (€)
Dec. 31, 2002
Eardley Holding A.G. June 2013 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd June 2013 [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd June 2013 [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd June 2013 [Member]
Dec. 31, 2013
Eardley Holding A.G. August 2013 Note [Member]
USD ($)
Dec. 31, 2013
Eardley Holding A.G. August 2013 Note [Member]
EUR (€)
Dec. 31, 2002
Eardley Holding A.G. August 2013 Note [Member]
Dec. 31, 2013
Round Enterprises Ltd August 2013 [Member]
USD ($)
Dec. 31, 2013
Round Enterprises Ltd August 2013 [Member]
EUR (€)
Dec. 31, 2002
Round Enterprises Ltd August 2013 [Member]
Dec. 31, 2013
04/03/2009 [Member]
Norwood Secured Loan [Member]
Dec. 31, 2013
06/15/2009 [Member]
Round Enterprises Ltd. [Member]
Dec. 31, 2013
04/30/2013 [Member]
Norwood Secured Loan [Member]
EUR (€)
Dec. 31, 2013
05/30/2013 [Member]
Norwood Secured Loan [Member]
EUR (€)
Dec. 31, 2013
9/30/2013 [Member]
Norwood Secured Loan [Member]
EUR (€)
Dec. 31, 2013
6/30/2014 [Member]
Norwood Secured Loan [Member]
EUR (€)
Dec. 31, 2013
Payment One [Member]
EUR (€)
Dec. 31, 2013
Payment Two [Member]
EUR (€)
Dec. 31, 2013
Director [Member]
EUR (€)
Dec. 31, 2012
Director [Member]
EUR (€)
Dec. 31, 2013
Major Shareholders [Member]
EUR (€)
Shareholder
Dec. 31, 2013
Norwood [Member]
USD ($)
Dec. 31, 2013
Norwood [Member]
EUR (€)
Dec. 31, 2002
Norwood [Member]
Related Party Transaction [Line Items]                                                                                                                                                                                                                                                                                    
Fees paid to related party                                                                                                                                                                                                                                                                         € 164 € 52        
Number of major shareholders                                                                                                                                                                                                                                                                             2      
Notes payable, related parties                                                                                                                                                                                                                                                                             37,297      
Details of notes and other loans and contingent liabilities [Abstract]                                                                                                                                                                                                                                                                                    
1st-Issue Date                         Aug. 04, 2011     Aug. 04, 2011     Nov. 08, 2011     Nov. 08, 2011     Jun. 23, 2006 [1]     Oct. 21, 2007 [2]     Nov. 14, 2012     Dec. 10, 2007     Jan. 22, 2008     Apr. 25, 2008     May 04, 2012     Jun. 30, 2008     Apr. 19, 2012     Nov. 18, 2008     May 04, 2012     Apr. 19, 2012     Feb. 09, 2009     Jun. 15, 2009     Jun. 15, 2009     Feb. 14, 2012     Aug. 03, 2009     Oct. 13, 2009     Dec. 18, 2009     Feb. 10, 2012     Sep. 03, 2012     Sep. 03, 2012     Dec. 06, 2012     Jan. 16, 2013     Jan. 16, 2013     Mar. 25, 2013     Apr. 14, 2013     Apr. 14, 2013     May 15, 2013     May 15, 2013     Jun. 24, 2013     Jun. 24, 2013     Aug. 05, 2013     Aug. 05, 2013                           Apr. 03, 2009
Total Short Term Principal Amounts   29,005                   872     218     400     100     138 [1]     500 [2]     500     1,500     1,500     2,000     120     1,500     81     1,200     480     321     1,500     5,500     100     200     200     2,000     2,200     1,000     50     200     125     240     60     400     150     600     170     680     60     240     80     320                           1,500  
Duration    [3]    [3]                    [4],[5]    [4],[5]      [4],[5]    [4],[5]      [4]    [4]      [4]    [4]      [1],[6]    [1],[6]      [2],[6]    [2],[6]      [4]    [4]      [6]    [6]      [6]    [6]      [6]    [6]      [4]    [4]      [6]    [6]      [4]    [4]      [6]    [6]      [4]    [4]      [4]    [4]      [6]    [6]      [6],[7]    [6],[7]      [6],[7]    [6],[7]      [4]    [4]      [6]    [6]      [6]    [6]      [6]    [6]      [4]    [4]      [4]    [4]      [4]    [4]      [4]    [4]      [4]    [4]      [4]    [4]      [4]    [4]      [4]    [4]      [4]    [4]      [4]    [4]      [4]    [4]      [4]    [4]      [4]    [4]      [4]    [4]      [4]    [4]                            [3]    [3]  
Interest Rate (in hundredths)           5.00%         10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% [1] 10.00% [1]   10.00% [2] 10.00% [2]   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   5.00% 5.00%   5.00% 5.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%       10.00%                 10.00% 10.00%  
Conversion Price (in dollars per share)       $ 0.50 $ 0.80           $ 0.034     $ 0.034     $ 0.034     $ 0.034     $ 0.10 [1]     $ 0.50 [2]     $ 0.034     $ 0.50     $ 0.50     $ 0.50     $ 0.034     $ 0.50     $ 0.034     $ 0.50     $ 0.034     $ 0.034     $ 0.50     $ 0.80     $ 0.80     $ 0.034     $ 0.80     $ 0.25     $ 0.25     $ 0.034     $ 0.034     $ 0.034     $ 0.034     $ 0.034     $ 0.034     $ 0.037     $ 0.034     $ 0.034     $ 0.037     $ 0.037     $ 0.025     $ 0.025     $ 0.018     $ 0.018                                 
Fixed EUR/USD Rate Conversion                                 1.3787 1.3787   1.3787 1.3787         1.4090 [2] 1.4090 [2]   1.2718 1.2718   1.4429 1.4429   1.4629 1.4629   1.5889 1.5889   1.3152 1.3152   1.5380 1.5380   1.3100 1.3100   1.2650 1.2650   1.3152 1.3152   1.3100 1.3100   1.2940 1.2940   1.4045 1.4045   1.4300 1.4300   1.3260 1.3260   1.4400 1.4400   1.4854 1.4854   1.4338 1.4338   1.3260 1.3260   1.2576 1.2576   1.2576 1.2576   1.3070 1.3070   1.3318 1.3318   1.3318 1.3318   1.2915 1.2915   1.3056 1.3056   1.3056 1.3056   1.2938 1.2938   1.2938 1.2938   1.3340 1.3340   1.3340 1.3340   1.3283 1.3283   1.3283 1.3283                              
Accrued Interest   10,118                                                                                                                                                                                                                                                                                
Total Long Term Convertible Notes to Related Parties   39,123                                                                                                                                                                                                                                                                                
Contingent Liability to Norwood   236                                                                                                                                                                                                                                                                                
TOTAL LOANS, NOTES AND CONTINGENT LIABILITY   39,359                                                                                                                                                                                                                                                                                
Debt repayment and conversion price description                   The conversion price per share is determined by the lower of (i) reducing by 10% the price per share of the Company’s common stock paid by the investors in connection with an investment in the Company of not less than US$20,000, or (ii) at the stated conversion price using a fixed exchange rate which are noted in the table above.                                                                                                                                                                                                                                                                
Conversion price reduction percentage (in hundredths)                   10.00%                                                                                                                                                                                                                                                                
Conversion feature minimum investment amount                   20,000                                                                                                                                                                                                                                                                
Maturity Date                                                                                                                                                                                                                                                         Jun. 30, 2014                          
Face Amount 190           2,500 300 1,200                                                                                                                                                                                                                                                                  
Maturity term extension period 3 months 3 months                                                                                                                                                                                                                                                                                
Debt collateral description                                                                                                                                                                                                                                                         The note is secured against 1/3rd of Bestewil common stock. The loan is secured against 2/3rds of the IP assets of Bestewil Holding BV and against all property of the Company.                        
Interest rate (in hundredths)           5.00%         10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% [1] 10.00% [1]   10.00% [2] 10.00% [2]   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   5.00% 5.00%   5.00% 5.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%   10.00% 10.00%       10.00%                 10.00% 10.00%  
Total principal                                                                                                                                                                                                                                                                     500 1,000            
Percentage of number of pledged shares before payment (in hundredths)                                                                                                                                                                                                                                                                     33.00%              
Number of pledged shares before payment (in shares)                                                                                                                                                                                                                                                                     6,290              
Percentage of number of pledged shares after payment (in hundredths)                                                                                                                                                                                                                                                                     26.70%              
Number of pledged shares after payment (in shares)                                                                                                                                                                                                                                                                     5,032              
Maximum number of days 20 days 20 days                                                                                                                                                                                                                                                                                
Value of common stock 325                                                                                                                                                                                                                                                                                  
Common stock price duration 2 months 2 months                                                                                                                                                                                                                                                                                
Percentage of number of pledged shares after second payment (in hundredths)                                                                                                                                                                                                                                                                       20.00%            
Number of pledged shares after second payment (in shares)                                                                                                                                                                                                                                                                       3,774            
Financing maximum limit 20,000                                                                                                                                                                                                                                                                                  
Financing minimum limit 5,000                                                                                                                                                                                                                                                                                  
Lock-up period for first half shares 6 months 6 months                                                                                                                                                                                                                                                                                
Lock-up period for second half shares 12 months 12 months                                                                                                                                                                                                                                                                                
Debt instrument, periodic payment                                                                                                                                                                                                                                                             521 517   1,576                
Debt instrument, periodic payment, principal                                                                                                                                                                                                                                                             500 500   1,500                
Debt instrument, periodic payment, interest                                                                                                                                                                                                                                                             21 17 51 76                
Debt outstanding principal amount                                                                                                                                                                                                                                                             2,500 2,000 1,500                  
Required Future Payments on Long-term Debt [Abstract]                                                                                                                                                                                                                                                                                    
2014   39,123 34,723                                                                                                                                                                                                                                                                              
Contingent liability to Norwood (milestones and royalties)   236                                                                                                                                                                                                                                                                                
TOTAL LOANS, NOTES AND CONTINGENT LIABILITY   € 39,359                                                                                                                                                                                                                                                                                
[1] Private investment company of Dr. Thomas Staehelin, member of the Board of Directors and of the Audit Committee of the Company. Face value is stated in U.S. dollars at $190.
[2] Renamed Hyposwiss Private Bank Geneve S.A. and acting on behalf of Round Enterprises Ltd. which is a major shareholder.
[3] Under the terms of the acquisition of Bestewil BV, as part of the consideration, the Company issued to Norwood Immunology Limited (“NIL”) a convertible redeemable note (the “Note”) in the principal amount of E2,500 with a maturity date of June 30, 2014 and bearing interest at 10% per annum. The note is secured against 1/3rd of Bestewil common stock. On March 28, 2013, Mymetics agreed with Norwood Immunology Ltd (NIL) to amend the terms and conditions of the E2,500 loan that expired on June 30, 2013. Under the terms of the Amendment, Mymetics agreed to make a series of payments as follows to release it from any obligation to share revenues from the sale of Mymetics' intranasal influenza vaccine, RSV vaccine and HSV vaccine: (i) by April 30, 2013 E521 consisting of E500 of principal under the Loan Note and E21 of accrued interest for the month of April 2013 on the outstanding principal balance of E2,500, (ii) by May 31, 2013 E517 consisting of E500 of principal under the Loan Note and E17 of accrued interest for the month of May 2013 on the outstanding principal balance of E2,000, (iii) by September 30, 2013 accrued interest of E51 on the outstanding principal balance of E1,500 under the Loan Note and (iv) by June 30, 2014 E1,576 consisting of E1,500 to extinguish the outstanding principal balance of the Loan Note and E76 to extinguish the remaining unpaid accrued interest owed on the outstanding principal balance of the Loan Note. Upon payment by Mymetics of E500 of the principal under the Loan Note, the number of shares of Bestewil Holding B.V. pledged by Mymetics is reduced from 33% (6,290 shares) to 26.7% (5,032 shares). Upon payment by Mymetics of E1,000 of principal under the Loan Note the number of shares of Bestewil Holding B.V. pledged by Mymetics is reduced from 33% (6,290 shares) to 20% (3,774 shares). In addition, Mymetics shall issue, within twenty days of receipt of the first tranche of the investment, US$325 in shares of the Company’s common stock at the lower of (i) the average closing price of the last two months prior to the repayment date or (ii) the lowest conversion price for any Mymetics shareholder loan that has been converted two months prior or two months after such repayment or (iii) Investor Price. In the event that Mymetics raises financing greater than US$20,000 earlier than completing the payment schedule above, it will (i) pay half the remaining unpaid principal and interest in cash, (ii) issue shares of its common stock to Norwood for the remaining half of the unpaid principal and interest at the same price and with the same rights as the shares purchased by the investors in such financing and (iii) issue US$325 in shares of Mymetics common stock at the lower of (a) the average closing price of the last two months prior to the repayment date or (b) the lowest conversion price for any Mymetics shareholder loan that has been converted two months prior or two months after such repayment or (c) the new investor price (the "Conversion Price"). If Mymetics raises financing over US$5,000 and less than US$20,000, Norwood has the option to convert half of the remaining unpaid principal and interest under the Loan Note into cash and half of the remaining unpaid principal and interest under the Loan Note into those shares of Mymetics purchased by the investors and at the price at which the shares are issued to the investors and Norwood will receive US$325 in shares of Mymetics common stock at the Conversion Price. In both financings described above, half the shares received by Norwood shall be subject to a six month lock-up and half of the shares shall be subject to a 12 month lock-up. In the event Mymetics is not able to make any of the above payments to Norwood, the Loan Note will be immediately due and payable and Mymetics will issue US$325 in shares of its common stock at the lower of the Conversion Price or the market closing price the day before the default.
[4] This maturity date is automatically prolonged for periods of three months, unless called for repayment. The conversion price per share is determined by the lower of (i) reducing by 10% the price per share of the Company’s common stock paid by the investors in connection with an investment in the Company of not less than US$20,000, or (ii) at the stated conversion price using a fixed exchange rate which are noted in the table above.
[5] The face values of the loans are stated in U.S. dollars at $1,200 and $300, respectively.
[6] This maturity date is automatically prolonged for periods of three months, unless called for repayment.
[7] The loan is secured against 2/3rds of the IP assets of Bestewil Holding BV and against all property of the Company.