INTELLECTUAL PROPERTY LICENSING RIGHTS (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
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Oct. 12, 2018 |
Aug. 20, 2018 |
Jun. 30, 2020 |
Jun. 30, 2019 |
Jun. 30, 2020 |
Jun. 30, 2019 |
Dec. 31, 2019 |
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Naltrexone Implant Formulation [Member] | Australia from Trinity Compound Solutions [Member] | |||||||
Cash paid for acquisition | $ 10,000 | ||||||
Aggregate purchase price, Shares | 20,000 | ||||||
Aggregate purchase price, value | $ 236,000 | ||||||
Patent acquired | $ 15,200 | ||||||
Patents [Member] | |||||||
Amortization expense | $ 292 | $ 292 | $ 584 | $ 580 | |||
Estimated useful lives | 13 years | ||||||
Accumulated amortization | 2,047 | 2,047 | |||||
Intellectual Property [Member] | |||||||
Amortization expense | 11,790 | 23,580 | |||||
Estimated useful lives | 5 years | ||||||
Accumulated amortization | $ 35,570 | $ 35,570 | $ 11,990 |
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- Definition Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. No definition available.
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- References No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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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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