Annual report pursuant to Section 13 and 15(d)

Commitments (Details Narrative)

v3.24.1
Commitments (Details Narrative)
$ in Millions
12 Months Ended
Dec. 31, 2023
USD ($)
Royalty Agreement Terms [Member]  
Royalty compensation, description the Company will be required to pay to certain former holders of its Series A Preferred Stock, in aggregate, a royalty equal to (i) 4.5% of Net Sales (as defined in the Certificate of Designations), subject in all cases to a cap of $25 million per calendar year, and (ii) 7.5% of Licensing Proceeds (as defined in the Certificate of Designations), subject in all cases to a cap of $10 million per calendar year. The Royalty Payment Rights will expire when the patents covering the applicable product expire, which is currently expected to be in 2033
Series A Preferred Stock [Member]  
Payments for royalty $ 35