Commitments and Contingencies (Details Narrative) (10-K) - USD ($) |
12 Months Ended | ||||
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Oct. 04, 2017 |
Aug. 31, 2015 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Mar. 31, 2018 |
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Rent expense | $ 5,535 | ||||
Change in rent | $ 1,107 | ||||
Accrued rent liability | 13,284 | ||||
Accrued rent, current | 3,321 | ||||
Accrued rent, non-current | 9,963 | $ 6,642 | |||
Purchase obligations | $ 895,740 | 0 | $ 1,006,000 | ||
CoNCERT Pharmaceuticals, Inc [Member] | |||||
Gross proceeds from equity or other financing | $ 8,000,000 | ||||
Stock purchase agreement term | Promet shall issue to CoNCERT, for no additional consideration, shares representing the lesser of (a) the number of shares determined by dividing $8 million by the price per share paid by other investors in the financing round that enabled Promet to exercise the option under the license agreement discussed above or (b) the number of shares rounded down to the nearest whole share equal to 19.9 percent of the issued and outstanding shares of Promet immediately following the issuance of shares to CoNCERT. | ||||
Royalties agreement term | Promet shall pay to CoNCERT royalties, on a product-by-product basis, on worldwide net sales of products during each year as follows: (a) four percent (4%) of sales less than or equal to $100 million; (b) five percent (5%) of sales greater than $100 million and less than or equal to $500 million; (c) six percent (6%) of sales greater than $500 million and less than or equal to $1 billion; and, (d) for that portion greater than $1 billion, (i) with respect to net sales made by Promet or any of its affiliates, ten percent (10%) of net sales, and (ii) with respect to net sales made by any sub-licensee, the greater of (1) 6% of such net sales or (2) 50% of all payments received by Promet or any of its affiliates with respect to such net sales. Royalties are subject to adjustment as provided in the terms of the agreement. | ||||
CoNCERT Pharmaceuticals, Inc [Member] | Post-Money Valuation [Member] | |||||
Gross proceeds from equity or other financing | $ 40,500,000 | ||||
Office Lease [Member] | |||||
Lease description | The office lease commenced on October 1, 2016 and expires September 30, 2019 with monthly rent at inception of $5,535 that escalates $1,107 annually on each October. | ||||
Rent expense | $ 105,954 | 50,997 | |||
Common Area Maintenance [Member] | |||||
Rent expense | 13,284 | ||||
Real Estate Tax Reimbursements [Member] | |||||
Rent expense | $ 22,929 | ||||
Equipment Lease [Member] | |||||
Lease description | The equipment lease commenced in June 2017 and expires in August 2020. | ||||
Rent expense | $ 6,626 | $ 5,362 | |||
Lease term | 39 months | ||||
Monthly operating usage cost allowance | $ 125 | ||||
Sales tax percentage | 6.00% | ||||
Equipment Lease [Member] | Base Rent [Member] | |||||
Rent expense | $ 586 |
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- Definition Royalties agreement term. No definition available.
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- Definition Sales tax percentage. No definition available.
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- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for contractual rent under lease arrangements. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for contractual rent under lease arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of obligations incurred through that date and due after one year (or beyond the operating cycle if longer) for contractual rent under lease arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. No definition available.
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- Definition Term of lessee's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Description of lessee's operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Describes the terms of a significant arrangement with a supplier (excluding an unconditional purchase obligation) to acquire goods or services over a period of time beyond one year or the normal operating cycle, if longer, which may include identification of the goods or services to be purchased, pricing, effects on pricing of failing to reach minimum quantities required to be purchased, cancellation rights, and termination provisions. No definition available.
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- Definition Amount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increases or decreases in lease payments that result from changes occurring after the inception of the lease in the factors (other than the passage of time) on which lease payments are based, except that any escalation of minimum lease payments relating to increases in construction or acquisition cost of the leased property or for increases in some measure of cost or value during the construction or preconstruction period, are excluded from contingent rentals. Contingent rentals also may include amounts for which the triggering events have not yet occurred or the specified targets for which have not yet been achieved (such as sales based percentage rent), but which events are considered probable of occurring or which specified targets are considered probable of being achieved. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash inflow (outflow) from financing activities classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Minimum amount of purchase arrangement in which the entity has agreed to expend funds to procure goods or services from a supplier. No definition available.
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