Quarterly report pursuant to Section 13 or 15(d)

NOTE 8 - DEFERRED REVENUE - PARTICIPATION AGREEMENTS: Schedule of License Co-Development Participation Agreements (Tables)

v3.20.2
NOTE 8 - DEFERRED REVENUE - PARTICIPATION AGREEMENTS: Schedule of License Co-Development Participation Agreements (Tables)
6 Months Ended
Jun. 30, 2020
Tables/Schedules  
Schedule of License Co-Development Participation Agreements

Agreement

#

 

Date of Funding

 

Amount

Funded

 

Warrants

 

Term

 

Exercise

Price

 

Revenue

Share

 

Minimum

Payment

Threshold

 

Buy-back

Premium %

pre-18 mos.

 

Buy-back

Premium %

post 18 mos.

1

 

April 13, 2020

$

100,000

 

300,000

 

5 Years

$

0.12

 

1.500%

 

-

 

40%

 

40%

2

 

April 13, 2020

$

150,000

 

450,000

 

5 Years

$

0.12

 

2.250%

 

-

 

40%

 

40%

3

 

April 13, 2020

$

150,000

 

450,000

 

5 Years

$

0.12

 

2.250%

 

-

 

40%

 

40%

4

 

May 7, 2020

$

250,000

 

750,000

 

5 Years

$

0.12

 

3.750%

 

-

 

40%

 

40%

5

 

June 1, 2020

$

275,000

 

825,000

 

5 Years

$

0.11

 

4.125%

$

82,500

 

40%

 

50%

6

 

June 3, 2020

$

225,000

 

675,000

 

5 Years

$

0.11

 

3.375%

$

67,500

 

40%

 

50%

 

 

 

$

1,150,000

 

3,450,00

 

 

 

 

 

17.250%

$

150,000