Quarterly report pursuant to Section 13 or 15(d)

DEFERRED REVENUE - PARTICIPATION AGREEMENTS (Details Narrative)

v3.21.2
DEFERRED REVENUE - PARTICIPATION AGREEMENTS (Details Narrative)
6 Months Ended 15 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2021
USD ($)
integer
shares
Number of license co-development participation agreements | integer     21
Revenue Share 44.78%   44.78%
Proceeds from sales as future revenues     $ 2,985,000
Warrants issued and sold | shares     106,315
Warrants issued and, value     $ 953,897
Deferred revenue     $ 2,031,103
Annual rate of dividends     0.00%
Revenue share minimum percentage     140.00%
Revenue share minimum percentage     30.00%
Buy-back Premium % pre-18 mos.     40.00%
Buy-back Premium % post18 mos.     50.00%
Proceeds from Loans $ 190,500 $ 121,700  
Maximum [Member]      
Volatilities rate     154.26%
Discount rates     0.45%
Minimum [Member]      
Volatilities rate     139.55%
Discount rates     0.26%
HEP Investments, LLC      
Proceeds from Loans $ 9,000   $ 265,000
MKY MTS LLC      
Proceeds from Loans     45,000
Strome      
Proceeds from Loans     $ 500,000