INTELLECTUAL PROPERTY/ LICENSING RIGHTS (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
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Jul. 28, 2016 |
Jan. 26, 2016 |
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
Dec. 31, 2017 |
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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. |
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Amortization expenses | $ 0 | $ 6,936 | $ 1,963 | $ 13,797 | |||
Therakine, Ltd. [Member] | |||||||
License cost | $ 2,750,000 | ||||||
Aggregate purchase price | $ 250,000 | $ 250,000 | $ 250,000 | ||||
Escrow deposit | $ 75,000 | ||||||
Therakine, Ltd. [Member] | Minimum [Member] | |||||||
Milestone payments and royalties | 5.00% | ||||||
Therakine, Ltd. [Member] | Maximum [Member] | |||||||
Milestone payments and royalties | 12.00% |
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- Definition Costs incurred and are directly related to generating license revenue. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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