License Agreement with Ocuphire Pharma, Inc. (Details Narrative) - License Agreement [Member] - Ocuphire Pharma Inc [Member] |
Jun. 16, 2021
USD ($)
shares
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Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |
Number of common stock shares issued | shares | 44,689 |
Cash paid under license agreement | $ 200,000 |
Liabilities assumed | $ 66,583 |
Milestone payments, description | Additional consideration includes future development and regulatory milestones payments to Ocuphire upon our achievement of certain defined clinical milestones |
Performance of milestone conditions, description | specific diligence milestones that consist of: (i) first patient administered drug in a Clinical Trial of a Product prior to June 16, 2024; and (ii) first patient administered drug in a Pivotal Clinical Trial of a Product or first patient administered drug in a Clinical Trial for a Second Indication of a Product prior to June 16, 2026. Either party may terminate the agreement in the event of a material breach of the agreement that has not been cured following written notice and a 120-day opportunity to cure such breach. |
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- Definition Cash paid under license agreement amount. No definition available.
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- Definition Milestone payments, description. No definition available.
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- Definition Performance of milestone conditions, description. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The fair value of liabilities assumed in noncash investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of new stock issued during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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