Commitments (Details Narrative) - Series A Preferred Stock [Member] $ in Millions |
Sep. 12, 2016
USD ($)
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Loss Contingencies [Line Items] | |
Royalty payment rights, description | the Company is required to pay to the holders of the Series A Preferred Stock, subject to certain vesting requirements, in the aggregate, a royalty (the “Royalty Payment Rights”) equal to (i) 4.5% of Net Sales (as defined in the Series A Certificate of Designation), subject in all cases to a cap of $25 million per calendar year, and (ii) 7.5% of Licensing Proceeds (as defined in the Series A Certificate of Designation), subject in all cases to a cap of $10 million per calendar year. |
Royalty payment rights expire description | The Royalty Payment Rights will expire when the patents covering the applicable product expire, which is currently expected to be in 2033 |
Maximum [Member] | |
Loss Contingencies [Line Items] | |
Accrued royalties | $ 35 |
Maximum [Member] | Net Sales [Member] | |
Loss Contingencies [Line Items] | |
Accrued royalties | 25 |
Maximum [Member] | Net Sales [Member] | |
Loss Contingencies [Line Items] | |
Accrued royalties | $ 10 |
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- Definition Royalty payment rights, description. No definition available.
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- Definition Royalty payment rights expire description. No definition available.
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- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for royalties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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