Annual report pursuant to Section 13 and 15(d)

DEFERRED RD OBLIGATIONS - PARTICIPATION AGREEMENTS (Details Narrative)

v3.22.4
DEFERRED RD OBLIGATIONS - PARTICIPATION AGREEMENTS (Details Narrative)
2 Months Ended 12 Months Ended 21 Months Ended
May 31, 2021
USD ($)
Dec. 31, 2022
USD ($)
integer
shares
Dec. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
Number Of License Co-development Participation Agreements | integer   21    
Revenue Share   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% 0.00%  
Research And Development Expense   $ 774,025 $ 555,745  
Revenue Share Minimum Percentage   140.00%    
Revenue Share Minimum Percentage   30.00%    
Buy-back Premium Percentage Pre-18 Mos.   40.00%    
Buy-back Premium Percentage Post-18 Mos.   50.00%    
R&D obligation   $ 701,331 1,475,357 $ 1,475,357
Contra R&D expense related to personnel and third-party expenses   193,610 150,805  
R&D obligation attributed to a related party   $ 175,427 $ 369,037 369,037
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   $ 265,000   $ 9,000
MKY MTS LLC        
Proceeds From Loans   45,000    
Strome        
Proceeds From Loans   $ 500,000