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

v3.21.1
DEFERRED REVENUE - PARTICIPATION AGREEMENTS: Schedule of License Co-Development Participation Agreements (Tables)
3 Months Ended
Mar. 31, 2021
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

 

Apr 13,  2020

$

100,000

 

300,000

 

5 Years

$

0.12

 

1.50%

 

-

 

40%

 

40%

2

 

Apr 13,  2020

 

150,000

 

450,000

 

5 Years

 

0.12

 

2.25%

 

-

 

40%

 

40%

3

 

Apr 13,  2020

 

150,000

 

450,000

 

5 Years

 

0.12

 

2.25%

 

-

 

40%

 

40%

4

 

May 7,  2020

 

250,000

 

750,000

 

5 Years

 

0.12

 

3.75%

 

-

 

40%

 

40%

5

 

Jun 1,  2020

 

275,000

 

825,000

 

5 Years

 

0.11

 

4.13%

$

82,500

 

40%

 

50%

6

 

Jun 3,  2020

 

225,000

 

675,000

 

5 Years

 

0.11

 

3.38%

 

67,500

 

40%

 

50%

7

 

Jul 8,  2020

 

100,000

 

300,000

 

5 Years

 

0.12

 

1.50%

 

30,000

 

40%

 

50%

8

 

Aug. 24,  2020

 

125,000

 

375,000

 

5 Years

 

0.12

 

1.88%

 

37,500

 

40%

 

50%

9

 

Sept. 14,  2020

 

150,000

 

450,000

 

5 Years

 

0.12

 

2.25%

 

45,000

 

40%

 

50%

10

 

Sept. 15,  2020

 

50,000

 

150,000

 

5 Years

 

0.12

 

0.75%

 

15,000

 

40%

 

50%

11

 

Sept. 15,  2020

 

50,000

 

150,000

 

5 Years

 

0.12

 

0.75%

 

15,000

 

40%

 

50%

12

 

Sept. 25,  2020

 

300,000

 

450,000

 

5 Years

 

0.12

 

4.50%

 

420,000

 

40%

 

50%

13

 

Oct. 8,  2020

 

500,000

 

1,500,000

 

5 Years

 

0.12

 

7.50%

 

150,000

 

40%

 

40%

14

 

Oct. 4,  2020

 

100,000

 

30,000

 

5 Years

 

0.12

 

1.50%

 

30,000

 

40%

 

40%

15

 

Oct. 8,  2020

 

250,000

 

750,000

 

5 Years

 

0.12

 

3.75%

 

75,000

 

40%

 

40%

16

 

Oct. 9,  2020

 

50,000

 

150,000

 

5 Years

 

0.12

 

0.75%

 

15,000

 

40%

 

40%

17

 

Dec. 16,  2020

 

10,000

 

30,000

 

5 Years

 

0.14

 

0.15%

 

3,000

 

40%

 

50%

18

 

Jan. 22,  2021

 

40,000

 

120,000

 

5 Years

 

0.14

 

0.60%

 

12,000

 

40%

 

50%

19

 

Jan. 25,  2021

 

40,000

 

120,000

 

5 Years

 

0.14

 

0.06%

 

12,000

 

40%

 

50%

20

 

Jan. 27,  2021

 

25,000

 

75,000

 

5 Years

 

0.14

 

0.38%

 

7,500

 

40%

 

50%

 

 

 

$

2,940,000

 

8,370,000

 

 

 

 

 

44.10%

$

1,017,000