Annual report pursuant to Section 13 and 15(d)

DEFERRED RD OBLIGATIONS - PARTICIPATION AGREEMENTS (Details Narrative)

v3.22.1
DEFERRED RD OBLIGATIONS - PARTICIPATION AGREEMENTS (Details Narrative)
12 Months Ended 21 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
integer
shares
Number of license co-development participation agreements | integer   21
Research and development expense $ 555,745  
Revenue Share 44.775% 44.78%
Proceeds from sales as future revenues $ 2,985,000 $ 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%
Amortization amount attributable to related parties 150,805  
Minimum [Member]    
Volatilities rate   129.13%
Discount rates   0.26%
Maximum [Member]    
Volatilities rate   154.26%
Discount rates   0.87%
HEP Investments, LLC    
Proceeds from Loans $ 9,000 $ 265,000
MKY MTS LLC    
Proceeds from Loans   45,000
Strome    
Proceeds from Loans   $ 500,000