INTELLECTUAL PROPERTY/ LICENSING RIGHTS (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||
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Oct. 12, 2018 |
Oct. 01, 2015 |
Jul. 28, 2016 |
Jan. 26, 2016 |
Jun. 30, 2015 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Dec. 31, 2017 |
Dec. 31, 2016 |
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Termination of licensing agreement | $ 132,804 | ||||||||||
Intellectual property fees | $ 55,648 | ||||||||||
Description for right to purchase perpetual rights | North America with the option for Central and South America for Naltrexone Implants formulas created by the Seller for 24 months upon receipt of the intellectual property for a fee of $55,648. The Company, within the first 12 months has the right to purchase perpetual rights for above territories for a one-time fee, financed over 5 years. The rights are amortized over the 24 month contract life. | ||||||||||
Amortization expenses | $ 0 | $ 7,013 | $ 1,963 | $ 20,810 | $ 27,767 | 25,918 | |||||
Agreement description | On March 31, 2016, the parties agreed to terminate the above described acquisition and to cancel any and all obligations assumed under the agreement. | ||||||||||
Naltrexone Implant Formulation [Member] | |||||||||||
Aggregate purchase price | $ 1,132,000 | 1,132,000 | |||||||||
Estimated useful life | 10 years | ||||||||||
Purchase obligation to pay | $ 1,000,000 | ||||||||||
Acquired rights, title and interest payment period | 14 months | ||||||||||
Common stock shares issued upon acquisition of rights | 30,000 | ||||||||||
Share price | $ 4.40 | ||||||||||
Therakine, Ltd. [Member] | |||||||||||
License cost | $ 2,750,000 | ||||||||||
Aggregate purchase price | $ 250,000 | $ 250,000 | $ 250,000 | 250,000 | |||||||
Escrow deposit | $ 75,000 | $ 75,000 | |||||||||
Subsequent Event [Member] | Therakine Biodelivery GmbH [Member] | |||||||||||
Patent acquired | $ 15,200 | ||||||||||
Development, Commerialization and License agreement, description | Patent families consisting of approximately 11 patents pending and 1 issued patent. |
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- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The par value of the auction market preferred security. No definition available.
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- Definition Amount of tax incurred and cost of license directly related to good produced or service rendered. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The designation of funds furnished by a borrower to a lender to assure future payments of the borrower's real estate taxes and insurance obligations with respect to a mortgaged property. Escrow deposits may be made for a variety of other purposes such as earnest money and contingent payments. This element excludes replacement reserves which are an escrow separately provided for within the US GAAP taxonomy. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The loss recognized on termination of a contract. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net cash inflow or outflow associated with the aggregate amount of adjustment to the purchase price of a previous acquisition. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The cash outflow to acquire asset without physical form usually arising from contractual or other legal rights, excluding goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
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- Definition The amount purchased during the period under an unrecorded unconditional purchase obligation (for example, under the take-or-pay or throughput contract). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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