Annual report pursuant to Section 13 and 15(d)

DEFERRED RD OBLIGATIONS PARTICIPATION AGREEMENTS (Details Narrative)

v3.24.0.1
DEFERRED RD OBLIGATIONS PARTICIPATION AGREEMENTS (Details Narrative)
12 Months Ended
Dec. 31, 2023
USD ($)
integer
shares
Dec. 31, 2022
USD ($)
Number of license co-development participation agreements | integer 21  
Revenue Share 44.78%  
Proceeds from sales as future revenues $ 2,985,000  
Warrants issued and sold | shares 17,712  
Warrants issued and value $ 953,897  
Deferred revenue $ 2,031,103  
Annual rate of dividends 0.00% 0.00%
Research and development expense $ 701,332 $ 774,025
Revenue share minimum percentage 140.00%  
Revenue share minimum percentage 40.00%  
Buy-back premium percentage pre-18 Mos. 40.00%  
Buy-back premium percentage post-18 Mos. 50.00%  
R & D obligation $ 0 701,332
Contra R & D expense related to personnel and third-party expenses 175,427 193,610
R & D obligation attributed to a related party $ 0 $ 175,427
Volatilities rate 112.28%  
Maximum [Member]    
Volatilities rate 154.26%  
Discount rate 0.87%  
Minimum [Member]    
Volatilities rate 129.13%  
Discount rate 0.26%  
HEP Investments, LLC    
Proceeds from loans $ 265,000  
MKY MTS LLC    
Proceeds from loans 45,000  
Strome    
Proceeds from loans $ 500,000