SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) |
12 Months Ended | ||
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Dec. 31, 2019 |
Dec. 31, 2018 |
Jan. 17, 2019 |
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Allowance for doubtful accounts | $ 0 | $ 12,500 | |
Grant funding during the first year | 2,842,430 | ||
Reclassify fair value of warrant liability upon adoption of ASU 2017-11 | 175,975 | ||
Grant funding during the second year | $ 2,831,838 | ||
Impairment of acquired license | 250,000 | ||
Advertising costs | 436,205 | 88,912 | |
Research and development expenses | 1,125,098 | 151,768 | |
Revenue related to access fees | $ 29,150 | ||
Discount rate on face value | 8.00% | ||
Grant income | $ 1,091,061 | ||
Grant funds | $ 932,745 | ||
Royalty obligations description | The Company accounted for this transaction as debt in accordance with ASC 470-10-25 and derived a debt discount, which is amortized using the effective interest method over the expected life of the arrangement, which is 15 years. The Company has no obligation to repay the then outstanding balance if during the expected life of 15 years the treatment is discontinued. | ||
Royalty obligations, net | $ 7,171,200 | ||
Description of likelihood settlement | The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. | ||
Eliminated deferred rent upon adoption of ASC 842 | 764 | ||
Notes payable, net of debt discounts | $ 21,480 | $ 569,061 | |
Minimum [Member] | |||
Property plant and equipment estimated useful lives | 5 years | ||
Maximum [Member] | |||
Property plant and equipment estimated useful lives | 15 years | ||
Third Party [Member] | |||
Notes payable, net of debt discounts | $ 125,000 | ||
January 1, 2019 [Member] | |||
Right to use assets upon adoption of ASC 842 | 25,465 | ||
Eliminated deferred rent upon adoption of ASC 842 | 764 | ||
Lease liability upon adoption of ASC 842 | 26,229 | ||
January 22, 2019 [Member] | |||
Notes payable, net of debt discounts | $ 21,480 |
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- Definition Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cumulative difference between the rental payments required by a lease agreement and the rental income or expense recognized on a straight-line basis, or other systematic and rational basis more representative of the time pattern in which use or benefit is granted or derived from the leased property, expected to be recognized in income or expense over the term of the leased property by the lessor or lessee, respectively. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer. 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 aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense related to royalty payments under a contractual arrangement such as payment for mineral and drilling rights and use of technology or intellectual property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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