Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.2
NOTE 8 - DEFERRED REVENUE - PARTICIPATION AGREEMENTS: Schedule of License Co-Development Participation Agreements (Details)
 6 Months Ended
Jun. 30, 2020
USD ($)
$ / shares
shares
License Co-Development Participation Agreements - Amount Funded $ 1,150,000
License Co-Development Participation Agreements - Warrants | shares 345,000
License Co-Development Participation Agreements - Revenue Share 17.25%
License Co-Development Participation Agreements - Minimum Payment Threshold $ 150,000
Agreement #1  
License Co-Development Participation Agreements - Date of Funding Apr. 13, 2020
License Co-Development Participation Agreements - Amount Funded $ 100,000
License Co-Development Participation Agreements - Warrants | shares 300,000
License Co-Development Participation Agreements - Term 5 years
License Co-Development Participation Agreements - Exercise Price | $ / shares $ 0.12
License Co-Development Participation Agreements - Revenue Share 1.50%
License Co-Development Participation Agreements - Minimum Payment Threshold $ 0
License Co-Development Participation Agreements - Buy-back Premium % pre-18 mos 40.00%
License Co-Development Participation Agreements - Buy-back Premium % post 18 mos 40.00%
Agreement #2  
License Co-Development Participation Agreements - Date of Funding Apr. 13, 2020
License Co-Development Participation Agreements - Amount Funded $ 150,000
License Co-Development Participation Agreements - Warrants | shares 450,000
License Co-Development Participation Agreements - Term 5 years
License Co-Development Participation Agreements - Exercise Price | $ / shares $ 0.12
License Co-Development Participation Agreements - Revenue Share 2.25%
License Co-Development Participation Agreements - Minimum Payment Threshold $ 0
License Co-Development Participation Agreements - Buy-back Premium % pre-18 mos 40.00%
License Co-Development Participation Agreements - Buy-back Premium % post 18 mos 40.00%
Agreement #3  
License Co-Development Participation Agreements - Date of Funding Apr. 13, 2020
License Co-Development Participation Agreements - Amount Funded $ 150,000
License Co-Development Participation Agreements - Warrants | shares 450,000
License Co-Development Participation Agreements - Term 5 years
License Co-Development Participation Agreements - Exercise Price | $ / shares $ 0.12
License Co-Development Participation Agreements - Revenue Share 2.25%
License Co-Development Participation Agreements - Minimum Payment Threshold $ 0
License Co-Development Participation Agreements - Buy-back Premium % pre-18 mos 40.00%
License Co-Development Participation Agreements - Buy-back Premium % post 18 mos 40.00%
Agreement #4  
License Co-Development Participation Agreements - Date of Funding May 07, 2020
License Co-Development Participation Agreements - Amount Funded $ 250,000
License Co-Development Participation Agreements - Warrants | shares 750,000
License Co-Development Participation Agreements - Term 5 years
License Co-Development Participation Agreements - Exercise Price | $ / shares $ 0.12
License Co-Development Participation Agreements - Revenue Share 3.75%
License Co-Development Participation Agreements - Minimum Payment Threshold $ 0
License Co-Development Participation Agreements - Buy-back Premium % pre-18 mos 40.00%
License Co-Development Participation Agreements - Buy-back Premium % post 18 mos 40.00%
Agreement #5  
License Co-Development Participation Agreements - Date of Funding Jun. 01, 2020
License Co-Development Participation Agreements - Amount Funded $ 275,000
License Co-Development Participation Agreements - Warrants | shares 825,000
License Co-Development Participation Agreements - Term 5 years
License Co-Development Participation Agreements - Exercise Price | $ / shares $ 0.11
License Co-Development Participation Agreements - Revenue Share 4.13%
License Co-Development Participation Agreements - Minimum Payment Threshold $ 82,500
License Co-Development Participation Agreements - Buy-back Premium % pre-18 mos 40.00%
License Co-Development Participation Agreements - Buy-back Premium % post 18 mos 50.00%
Agreement #6  
License Co-Development Participation Agreements - Date of Funding Jun. 03, 2020
License Co-Development Participation Agreements - Amount Funded $ 225,000
License Co-Development Participation Agreements - Warrants | shares 675,000
License Co-Development Participation Agreements - Term 5 years
License Co-Development Participation Agreements - Exercise Price | $ / shares $ 0.11
License Co-Development Participation Agreements - Revenue Share 3.38%
License Co-Development Participation Agreements - Minimum Payment Threshold $ 67,500
License Co-Development Participation Agreements - Buy-back Premium % pre-18 mos 40.00%
License Co-Development Participation Agreements - Buy-back Premium % post 18 mos 50.00%